AP source: Simmons, 76ers agree to $170 million, 5-year deal
PHILADELPHIA — The Philadelphia 76ers and star guard Ben Simmons have agreed to a $170 million, five-year contract extension, a person familiar with the situation told The Associated Press. The max deal is the latest big commitment by a team expected to make a serious push at its first NBA championship since 1983.
Simmons, 22, will make about $8.1 million this season, the last of his four-year rookie deal. His salary for the next season will jump to about $29.3 million and rise to nearly $39 million in 2024-25, according to the person who spoke to the AP on condition of anonymity Monday because the contract is not official.
The deal solidifies the 76ers’ core for the next few seasons. All-Star Joel Embiid and Al Horford are under contract though 2023, Tobias Harris through 2024 and now Simmons through 2025. Horford got a $109 million, four-year deal and Embiid agreed last season to a $147 million, five-year deal.
Sixers general manager Elton Brand had until the middle of October to reach a max deal with Simmons but wasted little time in locking up another cornerstone player.