He also reported Tuesday that Simmons' contract features a 15 percent trade kicker and no options. Simmons would also get further compensation if he earns an All-NBA selection in 2019-20 thanks to "designated rookie extension language" in the deal, per Wojnarowski.
The 2016 No. 1 overall draft pick was heading into the final year of his rookie deal and was set to make $8.1 million in 2019-20.
Simmons has proved to be a game-changing player on the court, winning Rookie of the Year in 2017-18 before earning his first All-Star selection in 2018-19. He continually shows the ability to fill up the stat sheet, averaging 16.9 points, 8.8 rebounds and 7.7 assists per game this last season.
His numbers over his first two seasons put him with even more exclusive company:
Of course, he still has room for improvement, especially with his shooting after he's hit zero three-pointers in 17 career attempts. His inconsistency was also a major issue in the playoffs. He averaged just 11.6 points and 4.9 assists per game in the second-round loss to the Toronto Raptors this postseason.
Simmons will need to be more aggressive against elite opponents if he wants to help Philadelphia take the next step forward.
However, the latest deal solidifies the 76ers' core, with Joel Embiid, Tobias Harris and Al Horford all under contract for at least the next four years.
While the team now owes a lot of money to this foursome, it will all be worth it if Philadelphia can bring home an NBA title.