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Simmons, 76ers agree to 5-year, $170M max extension

Mitchell Leff / Getty Images Sport / Getty

Ben Simmons is securing the bag.

The guard reached an agreement with the Philadelphia 76ers on a five-year, $170-million contract extension, his agent told The Athletic's Shams Charania.

Simmons' new max deal will kick in for the 2020-21 season. He's currently set to earn $8.1 million this coming campaign - the final year on the rookie deal he signed in 2016.

Philadelphia was reported to have offered Simmons a max contract extension on July 2.

After missing what would have been his rookie year in 2016-17 due to a broken right foot, Simmons quickly cemented his star status the following season. The former No. 1 pick averaged 15.7 points, 8.2 assists, 8.1 rebounds, 1.7 steals, and 0.9 blocks in 81 games and was named Rookie of the Year. The 6-foot-10 ball-handler put up similar numbers in his sophomore campaign and earned his first All-Star nod.

Despite his well-rounded production, Simmons has received criticism for his lack of a 3-point shot. The 22-year-old has yet to hit from deep over his two seasons and only made six attempts last year.

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