Joel Embiid and the Philadelphia 76ers have agreed to a three-year, $192.9 million maximum contract extension, a source familiar with the contract figures told CNN.

Joel Embiid is staying put in Philly. The big guy is getting big money from the Sixers. It's a 3-year contract extension worth $193 million keeping the seven-time NBA all-star with the Sixers through 2029.

All-Star center Joel Embiid signed a three-year, $192.9 extension with the Philadelphia 76ers, a person with direct knowledge of the situation told USA TODAY Sports. The person requested anonymity because he was not authorized to speak publicly about financial details.

Centre Joel Embiid has signed a contract extension with the Philadelphia 76ers. The 30-year-old Cameroon-born player's new contract is for the maximum three years and worth $193m (£145m), according to US reports.

With another maximum contract secured, Joel Embiid wants to chase that title in Philly — and remain a Sixer for the rest of his career.

Embiid is unquestionably worth every penny right now, but this is a big bet on him staying healthy the next five years.

One-time league MVP Joel Embiid and the 76ers agreed to a max extension deal which times him to Philadelphia’s NBA franchise for five more seasons.