Report: 76ers signing Ben Simmons to five-year, $170M max contract extension

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The 76ers owe big money to their top players – Tobias Harris (five years, $180 million), Joel Embiid (four years, $122,242,800), Al Horford (four years, $109 million).

Now, Philadelphia will invest even further into locking in a core with Ben Simmons.

Shams Charania of The Athletic:

If this is a true max contract, the exact amount won’t be known until the salary cap is set next year. The $170 million is based on the current projection.

The big question: What stipulations does this contract include for super-max qualification? If Simmons makes an All-NBA team this season, the extension could be worth more, as negotiated between him and Philadelphia. The super-max projects to be about $204 million.

If the 76ers would have let him hit restricted free agency next summer, Simmons would have drawn his choice of max offer sheets. He’s so young and talented.

But by guaranteeing him life-changing money now, Philadelphia had leverage to haggle on things like super-max criteria and a player option. We’ll see whether the team pushed on those.

There are still questions about Simmons’ fit with Embiid, the 76ers’ franchise player. Really, until he develops his jumper, Simmons will face fit issues with nearly anyone. There’s downside risk here.

Still, Simmons should hold positive trade value on this deal. There’s a benefit to securing him long-term.

Philadelphia’s roster becomes quite expensive for years to come. Will ownership pay the luxury tax in future years? Or will the 76ers trim costs down the roster?

Those questions can mostly wait, as Simmons remains on his relatively cheap rookie-scale contract this season. The extension will kick in next year.

But this is a huge long-term move that will shape Philadelphia for a long time.