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76ers Fire Morey, Install Myers Amid $400M Contracts

5/14/2026

Summary

76ers Fire Morey

The Philadelphia 76ers fired Daryl Morey on Tuesday night, named Bob Myers interim head and kept Nick Nurse as coach.
Luxury-tax apron avoidance limits spending, while Joel Embiid’s $187 million, three-year extension and Paul George’s $211 million, four-year deal cost $60 million and $54 million per year.
Tyrese Maxey and rookie V.J. Edgecombe anchor core, with Maxey’s salary set to rise to $40 million next season and team holding the 22nd overall pick.

Summary

Iguodala Out

Bob Myers said Andre Iguodala will not be considered for the Sixers’ president of basketball operations role and that the search will interview internal staff and external executives while he reviews a pool.
The team aims to name an executive before the 2026 NBA Draft and free agency covering $153 million in salaries for Joel Embiid, Paul George and Tyrese Maxey and retaining center Adem Bona on a deal through 2028.

History

Historical Context

In December 2011 the NBA and the NBPA ratified a new CBA after a 161-day lockout, fixing the salary-cap share at 51.2% of basketball-related income and adding a luxury-tax apron. Those limits, overseen by commissioner David Stern, forced spending cuts and a one-time amnesty, and now shape the Philadelphia 76ers’ contract strategy and Daryl Morey’s departure.

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76ers Fire Morey

The Philadelphia 76ers fired Daryl Morey on Tuesday night, named Bob Myers interim head and kept Nick Nurse as coach.
Luxury-tax apron avoidance limits spending, while Joel Embiid’s $187 million, three-year extension and Paul George’s $211 million, four-year deal cost $60 million and $54 million per year.
Tyrese Maxey and rookie V.J. Edgecombe anchor core, with Maxey’s salary set to rise to $40 million next season and team holding the 22nd overall pick.

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