Joel Embiid’s story to stardom began when he was discovered by NBA veteran Luc Mbah a Moute who invited him to the camp, therefore giving him a chance to play basketball. Notwithstanding his late entry into the game, Embiid has progressed to becoming one of the most feared centers in the league.
Just as beautiful as his career is, Embiid has made some substantial fortune in his NBA journey to put himself on the list of wealthiest players in the league. His lucrative NBA contracts with the Philadelphia 76ers along with hefty endorsement deals have amounted to his impressive fortune.
How much money has Joel Embiid made in the NBA?
The Philadelphia 76ers’ 3rd overall pick of 2014, Joel Embiid has now played in 9 NBA seasons and is about to enter his 10th season in the league. His performances have earned him a place in the All-Star team on six occasions. Joel Embiid’s estimated earnings in ten seasons is a total salary of $213,579,387, incentive of $850,000, and total cash of $214,429,387. So far in his NBA journey, he first signed a 4-year entry-level contract worth $19,981,026, as a Rookie lasting from 2014 through 2017.
For 2018-2022 Joel Embiid signed a 5-year contract worth a whopping $147,710,050, with an average salary of $29,542,010 and guaranteed money of $147,710,050. At the expiration of the 2018 contract, Embiid signed a four-year extension in 2021 that will keep him with the 76ers, while he earns $213,280,928 to become one of the highest paid in the league.
What is Joel Embiid’ NBA contract with 76ers?
In 2021, Joel Embiid signed a 4-year contract worth $213,280,928 with the Philadelphia 76ers, including $213,280,928 guaranteed, and an annual average salary of $53,320,232. In 2023-24, Embiid will earn a base salary of $47,607,350, while carrying a cap hit of $47,607,350 and a dead cap value of $47,607,350. In 2024-25, Embiid will earn a base salary of $51,415,938, cap hit of $51,415,938 with a rise of 36.21%.
Embiid will enjoy a base salary of $55,224,526 which shows a 35.36% salary increase and a guaranteed amount of $55,224,526 in the 2025-26 NBA season and in 2026-27, the last year in the current contract, Embiid will earn a base salary of $59,033,114, with a significant increase of 34.36% that will see him take home a guaranteed $59,033,114 with a Player Option to activate before June 29, 2026, according to Spotrac.
What is Joel Embiid’ Net Worth in 2023?
Multiple sources, including Celebrity Net Worth and CAknowledge, estimate his net worth at around $85 million in 2023. The bulk of his fortune has been amassed through substantial NBA contracts like the ones signed in 2017 worth $147,710,050, and in 2021, when he secured a contract extension valued at $213,280,928.
The current MVP has also boosted his earnings through endorsements, with appearances in commercials for renowned brands such as Mountain Dew, Coke Zero Sugar, Hulu, and Crypto.com.
Moreover, in 2018, he entered into a partnership with Under Armour, which led to his own signature shoe in 2020. With a current net worth of $85 million, his financial status is sure to ascend after signing an endorsement with Skechers recently and as his career progresses.
