The deal is worth $170 million, according to Simmons’ agent. He was heading into the final year of his rookie contract.
Ben Simmons has agreed to a max deal with the 76ers that will pay him $170 million over five years, his agent Rich Paul told The Athletic Monday.
The Sixers announced the five-year deal Tuesday but did not confirm the terms.
One of our leaders.
— Philadelphia 76ers (@sixers) July 16, 2019
“Ben Simmons is an important piece of our core and he is one of the NBA’s most dynamic and talented young players,” general manager Elton Brand said in a release. “It was a priority for our organization that we finalize a contract extension with Ben this summer. He was Rookie of the Year in his first season, an All-Star in his second and we expect him to continue grow and succeed for seasons to come. Ben positively impacts the game in so many ways and we look forward to continuing our championship pursuits with him as one of our leaders.”
Simmons, who turns 23 on Saturday, was in the last year of his rookie contract and was slated to make $8.1 million in the 2019-20 season.
It will mark his third season in the league after he missed his entire rookie year due to a foot injury.
Simmons was drafted No. 1 overall by Philadelphia in 2016 and has already become a star, despite his delayed start of his professional career. He won Rookie of the Year in 2017-18 and earned All-Star honors this past season.
Simmons finished last year averaging 16.9 points, 8.8 rebounds and 7.7 assists per game and helped lead Philadelphia to the second round of the playoffs. But it was eliminated by the Raptors in seven games.
The Sixers’ deal with Simmons is one of several big stories surrounding the 76ers this offseason. The team recently locked Tobias Harris up and signed Al Horford to a four-year deal. Joel Embiid also remains with the team, rounding out a talented core.