Philadelphia 76ers center Joel Embiid’s five-year, $146.5 million maximum extension is essentially guaranteed but protects the franchise financially should Embiid suffer a contractually specific catastrophic injury, league sources told ESPN.
Embiid, 23, signed the rookie-scale max extension Tuesday, with the $146.5 million total for the deal based on the NBA’s new salary cap projections for the 2018-19 season.
For the Sixers to curb the ultimate value of the extension, it would take the triggering of several severe circumstances detailed in a 35-page-plus contract. Embiid’s unique career trajectory — missing his first two NBA seasons with successive foot surgeries and playing only 31 games in the 2016-17 season — created a pathway for Philadelphia general manager Bryan Colangelo; Embiid’s agent, Leon Rose of CAA Sports; and the National Basketball Players Association to work together on creating a complicated and creative contractual agreement. The dramatic impact of Embiid’s brief but dominant debut season left him as the only rookie since Wilt Chamberlain to average at least 28.7 points per 36 minutes played.
Here’s how a perfect storm of calamity would have to unfold for Embiid to earn any less than the full $146.5 million: Across each of the final four seasons of the extension, ending with the 2022-23 season, the 76ers could waive Embiid for a financial benefit if he’s lost because of a contractually agreed-upon injury that causes him to miss 25 or more regular-season games and if he plays less than 1,650 minutes, league sources said.
Specific injuries are laid out in the contract and include only past problem areas with Embiid’s feet and back, sources said. Embiid has to miss 25 or more regular-season games because of injuries in those areas, and play less than 1,650 minutes, for Philadelphia to have the option of releasing him for cost savings.
Sources: Spurs, LaMarcus Aldridge Agree on Extension
San Antonio Spurs forward LaMarcus Aldridge has reached agreement on a contract extension, league sources tell ESPN. The deal includes a partial guarantee in the third year.
Spurs’ LaMarcus Aldridge has reached agreement on a three-year, $72.3M contract extension, league sources tell ESPN.
— Adrian Wojnarowski (@wojespn) October 16, 2017
Source: Adrian Wojnarowski of ESPN
LeBron James Still Uncertain for Season Opener
LeBron James tested his injured left ankle during a portion of practice Sunday, but it’s still not known if he’ll play in Cleveland’s season opener.
James has been slowed since spraining his ankle in practice on Sept. 27. The three-time NBA champion sat out the Cavaliers’ first three exhibition games before making his debut last week against Chicago. He played 30 minutes but may have aggravated his ankle while making a spin move in the loss.
Source: USA Today Sports
Rodney Hood, Jazz Don’t Come to Agreement on Extension
Rodney Hood and the Utah Jazz will not come to an agreement on a contract extension, barring a last minute change, sources tell The Salt Lake Tribune, clearing the way for Hood to become a restricted free agent next summer.