Tyrese Maxey averaged a career-best 25.9 points per game in 2023-24.
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The Philadelphia 76ers didn’t waste any time on July 1 in continuing to upgrade their roster. Hours after reaching a reported deal with free-agent swingman Paul George, the team has locked up one of its core players as well.
Per multiple reports, the Sixers and All-Star guard Tyrese Maxey have agreed to a five-year, $204 million contract extension. The deal, according to ESPN’s Adrian Wojnarowski, is fully guaranteed and has no options.
Maxey and his agent Rich Paul – Klutch Sports CEO – waited a year on the deal to allow the Sixers to maximize salary cap space and now land on a $200M-plus contract in the wake of Maxey’s breakout All-Star season at 23 years old. https://t.co/QTvQwDgQmH
— Adrian Wojnarowski (@wojespn) July 1, 2024
Can confirm that Tyrese Maxey has agreed in principle to a five-year, $204 million max extension. Comes a few hours after the Sixers landed Paul George.
His willingness to wait gave him a smaller cap hold, allowing the Sixers to offer George the max.
— Gina Mizell (@ginamizell) July 1, 2024
Philadelphia 76ers All-Star Tyrese Maxey has agreed on a five-year, $205 million maximum contract, league sources tell @TheAthletic @Stadium. pic.twitter.com/IZybaS56Ui
— Shams Charania (@ShamsCharania) July 1, 2024
Last season, Maxey’s scoring rose for the third consecutive year, and he finished the regular season averaging 25.9 points, 6.2 assists, 3.7 rebounds and 1.0 steals per game — all career bests. He was named the Kia Most Improved Player as he made his first All-Star Game and kept the 76ers afloat after star center Joel Embiid suffered a knee injury that caused him to miss two months of action.
With George and Maxey reportedly in the fold, the Sixers are set in the backcourt for the coming season and several more to come. Philadelphia is looking to usurp the reigning champion Boston Celtics for supremacy in both the Eastern Conference and the NBA at large, but the road ahead will not be easy.
The 76ers have failed to find the right pieces to field a winner around Embiid, failing with Ben Simmons, Jimmy Butler, Harden and the list goes on. Team president Daryl Morey had prepared for this opportunity for years, constructing a roster with essentially all expired contracts at the end of this past season. Embiid and Maxey, expected to sign a five-year, $205 million contract this summer, are the lone key holdovers on a team that lost to the New York Knicks in the first round of the East playoffs.
Maxey was last season’s NBA Sportsmanship Award winner and is a crucial part of the success the 76ers have enjoyed. He had 109 regular-season assists to Embiid, a rate of 4.1 per 36 minutes on the floor together, a rate that ranked fourth among the 31 combinations where one player had at least 100 assists to the other.
To preserve cap space, the Sixers didn’t sign Maxey to an extension last summer, and he’s since evolved into an All-Star. He’s a guard with lightning quickness, but who’s also shot 41% from 3-point range over the last three seasons. He shined on the bright stage of the playoffs this year and he’s still just 23 years old.
The Sixers were 28-7 (.800) and outscored their opponents by 11.0 points per 100 possessions in games when they had both Maxey and Embiid available in 2023-24, a winning percentage that was slightly better than the Celtics’ full-season mark (.795).
Information from The Associated Press and NBA.com’s John Schuhmann was used in this report.
