Ben Simmons has committed to his rookie extension with the Philadelphia 76ers, via Shams Charania from The Athletic. According to agent Rich Paul, it will be a five-year, $170 million contract.
The NBA announced the 2019/20 season salary cap earlier, at $109.140, and the luxury tax at $132.627 million. This was an approximate increase of $8 million, from last season's cap of $101.869 (tax $123.733 million).
The rise elevated Simmons' pending deal, and the Philadelphia 76ers officially made a commitment to their All-Star point guard on a five-year, max rookie extension, which will likely see him as a Sixer for the foreseeable future.
Fox Sports Australia's Olgun Uluc made earlier projections on how the max rookie extension would look like, starting from $29 million in the first year, and climbing to $38 million in the 2025/26 season.
Under the Rose Rule, Simmons' salary could skyrocket, should he make MVP, Defensive Player of the Year or an All-NBA team next season.
ESPN's Adrian Wojnarowski confirmed on 3 July, that a five-year max extension was offered to Simmons, with details to be hammered out.
The Pick and Roll's Ben Mallis also pointed out earlier, the time factor in this negotation, given how close the Boomers are to the World Cup and that the contract should ideally be signed before Simmons puts the green and gold on.
That scenario is unlikely at this point, however. The Sixers point guard will likely not be suiting up for the Boomers this World Cup, according to ESPN's Adrian Wojnarowski.
Simmons, a first-time All-Star this season, is also Australia's first NBA All-Star. After handily dispatching the Brooklyn Nets, he had an inconsistent offensive performance against eventual champions Toronto Raptors in the second round of the playoffs, but remained locked in on defence to force a Game 7, where Kawhi Leonard's heart-stopping jumper decided the outcome.