Ben Simmons has agreed to a five-year, $170 million maximum contract extension with the Philadelphia 76ers, The Athletic's Shams Charania reported on Monday.
Simmons and the Sixers began working on a new deal after Philadelphia lost All-Star Jimmy Butler to the Miami Heat in free agency. The Sixers also signed forward Tobias Harris to a five-year extension and added five-time All-Star Al Horford to the roster on a four-year deal.
Simmons, 22, was the No. 1 overall pick in the 2016 draft. He missed his first year with a foot injury but emerged as the NBA Rookie of the Year in 2017 by averaging 15.