3 Largest contract extensions likely to be signed in the 2021 NBA offseason

Joel Embiid #21 of the Philadelphia 76ers
Joel Embiid #21 of the Philadelphia 76ers

At the end of every season, the NBA customarily announces the All-NBA teams to honor the top 15 players in the league. These All-NBA selections are often a clause within the players' contracts to give them the incentive to perform harder. One of the biggest news stories after the All-NBA team announcements for the 2020-21 season was the absence of Jayson Tatum and Donovan Mitchell, who were snubbed from all three lists. Both the stars were eligible for an additional $33 million if they were to be named in any All-NBA team.

3 players eligible for massive contract extensions after the All-NBA team announcements

Although Mitchell and Tatum were incredibly unfortunate to miss out, many other stars are now eligible for big contract extensions. They are some of the best players in the league and certainly deserve the high salaries they earn. So without further ado, let's take a look at three such superstars who are up for massive contract extensions in the 2021 NBA offseason.

#3 Joel Embiid (Philadelphia 76ers) - 4 years, $191 million

When Joel Embiid signed his rookie-scale deal with the Philadelphia 76ers, he was an injury-prone player. He essentially didn't play in his first two seasons in the league and appeared in just 31 games in his third year. When he signed his five-year extension in 2017, the team included a clause that allowed them to waive him off if his injury issues kept derailing his career.

However, Embiid has put his injury troubles far behind him and has been an All-Star for the last four years. Not only did he receive an All-NBA team selection this season, he also finished second in the MVP voting. Embiid is now eligible for a supermax contract extension with the Philadelphia 76ers for the first time in his career.

He is under contract through 2023. Embiid will receive a salary of $29,542,010 for this season, $31,579,390 during the 2021-22 season and $33,616,770 in 2022-23. The extension will come into force after the completion of these three campaigns. Embiid looks likely to sign this deal. He has been the 76ers' best player for the past few years and has several MVP-worthy seasons ahead of him.

#2 Luka Doncic (Dallas Mavericks) - 5 years, $201.5 million

Luka Doncic of the Dallas Mavericks in action
Luka Doncic of the Dallas Mavericks in action

Luka Doncic has been a phenomenon ever since he entered the NBA. The former 3rd overall pick has made the All-NBA first team for the second straight year and seems to have countless future selections ahead of him. Doncic's contract extension with the Mavericks isn't exactly deemed a "supermax," but it is certainly close to it.

When a former first-round pick enters the fourth and final year of their rookie deal, they are eligible to sign an extension worth 25% of the salary cap. This is the case with Doncic as well. But the 22-year-old has gone a step further and also managed to fulfill multiple criteria that make him eligible for a deal worth 30% of the salary cap. Based on MVP votes and All-NBA honors, Doncic met the benchmark of two All-NBA selections in three years.

The Slovenian will earn $8,049,360 in the coming season and $10,174,391 in 2022-23. His extension will come into effect after these two campaigns. Although there are rumors that Doncic is unhappy with the Mavericks organization, his safest option is to sign this deal. This is primarily because he will be a restricted free agent otherwise and the team can just re-sign him considering he is unlikely to get a deal bigger than this elsewhere.

#1 Stephen Curry (Golden State Warriors) - 4 years, $215.4 million

Stephen Curry of the Golden State Warriors reacts during the 2020-21 NBA season
Stephen Curry of the Golden State Warriors reacts during the 2020-21 NBA season

Stephen Curry, arguably the greatest player to have played in a Golden State Warriors jersey, is now eligible for a supermax contract extension for the second time in his career. He didn't sign an extension last season and many speculated it was because the organization wanted to negotiate an even bigger deal with him.

Warriors GM Bob Myers assured fans that their superstar player will be re-signed this offseason and looks set to keep that promise. Curry is in line to become the first player in NBA history to sign a $200M+ deal twice in his career.

Curry recently passed Wilt Chamberlain as the Golden State Warriors' all-time leading scorer. He is rightfully dubbed "Mr Warrior" and deserves every penny coming his way. If the allegedly $215.4 million worth deal is signed, Curry would earn nearly $60 million in the season he turns 38.

Also Read: Which team has the best backcourt in the NBA right now? We take a look at the top 5

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