What happened: The hypothetical framework would return a younger center via sign-and-trade, a shooter and a 2032 first-round pick. Two additional clubs would route players elsewhere to complete the transaction.
Why it matters: Moving Joel Embiid would exchange a win-now centerpiece for younger talent and flexibility. The receiving club would remain hard-capped at the first apron with 11 standard roster spots.
By the numbers: The proposed sign-and-trade contract is worth $194.1 million over four years. Embiid is due roughly $57.9 million in 2026-27, with his salary rising to $67 million in the extension's final year.
What to watch: Any movement hinges on the restricted free agent's contract talks breaking their stalemate.