Philadelphia 76ers superstar center Joel Embiid has signed a huge max extension deal worth up to $192.9 million, according to The Athletic’s Shams Charania.

The former NBA MVP will now have a total of nearly $300 million in his current deal, and will include a player option in the contract’s last year in 2028-2029.

According to Charania, Embiid will make $51.5 million in 2024-25 and $55.2 million in 2025-26, per the terms of his pre-extension contract. He then will make up to $59.54 million in 2026-27 — the maximum salary he can make if the salary cap, as expected, has the maximally allowed increases of 10 percent for each of the next two offseasons. Tack on eight percent raises of that amount in the following two seasons, resulting in salaries of $64.3 million in 2027-28 and $69.07 million in 2028-29.

Embiid’s contract will now be the third-largest signed in NBA history, behind only Boston Celtics’ superstar duo Jayson Tatum ($314 million) and Jaylen Brown ($304 million). Embiid will join LeBron James, Stephen Curry, Kevin Durant, and Paul George as the only players in NBA history to make more than $500 million in total career earnings.

Embiid announced his contract extension signing via a heartfelt Instagram post.

“Philadelphia is home. I want to be here for the rest of my career,” Embiid wrote. “I love this community and everything you’ve given me and my family. There is a lot more work to do. You guys deserve a championship and I think we’re just getting started!”

The Sixers recently made perhaps their biggest offseason moves since trading for Jimmy Butler when they signed free agent forward Paul George from the Los Angeles Clippers, giving Embiid his most talented Sixers roster since he was drafted by the team in 2014. Tyrese Maxey, the Sixers’ rising star, has also signed his contract extension this offseason after a strong playoff performance last season. With these set of moves, Philadelphia is banking all in on this roster to bring the franchise an NBA title, and it all starts and ends with their superstar center Embiid.

Despite averaging a league-leading 34.1 points per game last season, Embiid was only able to play 34 games after tearing his left meniscus that sidelined him for most of the regular season. He was able to come back at the tail end of the season and help the Sixers in the playoffs but their season was ended by the New York Knicks in 6 games.

After winning the gold medal with Team USA over the summer at the Paris Olympics, Embiid is poised to lead the Sixers in their quest for an NBA championship.