TORONTO, CANADA - MAY 12: Ben Simmons #25 of the Philadelphia 76ers looks on against the Toronto Raptors during Game Seven of the Eastern Conference Semi-Finals of the 2019 NBA Playoffs on May 12, 2019 at the Scotiabank Arena in Toronto, Ontario, Canada. Mandatory Copyright Notice: Copyright 2019 NBAE

Report: Simmons' contract has 15 percent trade kicker, no option

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Jesse D. Garrabrant / National Basketball Association / Getty

Ben Simmons' new five-year, $170-million contract extension with the Philadelphia 76ers features a 15 percent trade kicker and no final-year option, sources told ESPN's Adrian Wojnarowski.

Simmons also has Designated Rookie Extension language in the deal that would increase compensation if he's named to one of the All-NBA teams for the 2019-20 campaign, according to Wojnarowski.

Trade kickers represent extra money a player can receive if he's traded during the life of a contract. Anthony Davis reportedly waived his recently after being dealt to the Los Angeles Lakers.

Simmons' deal takes effect in 2020-21, with its first season valued at $29.2 million.

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