10:22am: The extension is official, the Sixers have announced in a press release.
“Daryl is one of the best front office executives in sports and I greatly value his leadership,” team owner Josh Harris said in a statement. “I’m thrilled to have reached an agreement to extend his contract and look forward to working together to maximize our chances of competing for an NBA title.”
10:07am: The Sixers and president of basketball operations Daryl Morey have agreed on an extension that will keep Morey under contract through the 2027/28 season, reports Adrian Wojnarowski of ESPN (Twitter link).
Morey has been the head of basketball operations in Philadelphia since the 2020 offseason, following his departure from his longtime position in Houston’s front office.
The 76ers went 154-82 (.653) in Morey’s first three seasons on the job, winning a playoff series each spring before being eliminated in the second round of the postseason. The team is off to a 16-7 start this fall.
Drafting Tyrese Maxey and extending Joel Embiid have been among the highlights of Morey’s tenure in Philadelphia. He also had to navigate Ben Simmons‘ trade request, eventually sending the former No. 1 overall pick to Brooklyn in a multi-player deal for James Harden, who subsequently demanded a trade of his own and was dealt to the Clippers last month.
While he was waiting to be traded, Harden referred to Morey as a “liar,” claiming that the Sixers’ front office hadn’t delivered on their promise to resolve his situation quickly. Given today’s news, it doesn’t appear that Harden’s criticisms of Morey negatively impacted the executive’s standing in the organization at all.
One of Morey’s other notable recent moves was hiring Nick Nurse to replace Doc Rivers as the 76ers’ head coach this past spring. As Wojnarowski notes (via Twitter), Morey’s new extension means that his and Nurse’s contracts are now aligned — both will expire in 2028.
Morey’s initial contract with the Sixers was for five years, so the extension will add three new years, notes Derek Bodner of PHLY Sports (Twitter link).