The five-year, $146.5 million contract of Joel Embiid with the Philadelphia 76ers is essentially guaranteed unless he suffers a catastrophic injury.
The current figure is based upon the NBA's latest cap projections for the 18-19 season.
Across each of the final four seasons of the extension, ending with the 2022-23 season, the 76ers could waive Embiid for a financial benefit if he's lost because of a contractually agreed upon injury that causes him to miss 25 or more regular-season games and if he plays less than 1,650 minutes.
The only injuries that are included are Embiid's feet and back. The 76ers would be unable to waive him if he suffered a different type of injury.
If Embiid were to meet that criteria and the 76ers released him, he would receive $84.2 million of his full contract after the 18-19 season, $98.2 million after 19-20, $113.3 million after 20-21 and $129.4 million after 21-22.
If Embiid plays a minimum of 1,650 regular-season minutes in three consecutive years during the extension, or three out of four including the 2017-18 season, those benchmarks would eliminate the possibility of a reduction in the contract.
Embiid missed the first two seasons of his career but was one of the NBA's best players in 31 games last season.