Tyrese Maxey signs five-year, $204M extension with 76ers, reports say

After his breakout season, Tyrese Maxey gets his first big NBA payday.

The reigning Most Improved Player has agreed to a four-year, $204-million contract with the Philadelphia 76ers, as reported by Adrian Wojnarowski of ESPN and Shams Charania of The Athletic on Monday.

Maxey, 23, took a leap in his fourth season after being thrust into the role of undisputed lead guard for the 76ers. He averaged a career-high in points (25.9), rebounds (3.7), assists (6.2) and steals (1.0) and earned his first All-Star selection as a result.

The 21st overall pick in 2021 entered the off-season as a restricted free agent and arguably one of the top point guards potentially available.

Philadelphia put an end to all that noise, however, as they made it clear they would match any offer made by opposing teams. And the 76ers did just that, locking up their franchise’s floor general — to pair with former MVP Joel Embiid and newly signed Paul George — for the foreseeable future.

Maxey will look to help Philadelphia make it beyond the second round of the playoffs for the first time since 2001, when Allen Iverson took his 76ers squad all the way to the NBA Finals.

The Philadelphia 76ers have reportedly signed guard Tyrese Maxey to a five-year, $204 million contract extension, making him one of the highest-paid players in the league. The deal comes after Maxey’s breakout season last year, where he averaged 17.6 points, 3.9 rebounds, and 3.5 assists per game.

Maxey, who was selected by the 76ers with the 21st overall pick in the 2020 NBA Draft, quickly established himself as a key contributor to the team’s success. His scoring ability, quickness, and defensive prowess have made him a fan favorite in Philadelphia.

The extension solidifies Maxey’s future with the 76ers and shows the team’s commitment to building around their young core of players. With Maxey locked in for the next five years, the 76ers are poised to be contenders in the Eastern Conference for years to come.

Fans and analysts alike are excited about the potential of Maxey and what he can bring to the team in the coming years. His work ethic, determination, and skill set make him a valuable asset to the 76ers and a player to watch in the NBA.

Overall, the signing of Tyrese Maxey to a lucrative contract extension is a positive development for the Philadelphia 76ers and sets the team up for success in the future. With Maxey’s talent and potential, the sky is the limit for what he can achieve in his career with the 76ers.