Philadelphia 76ers power forward Elton Brand announced his retirement today, according to the Associated Press.

The 17-year pro was selected No. 1 overall by the Chicago Bulls in the 1999 NBA Draft. He shared Rookie of the Year honors with Steve Francis for the 1999-2000 season after posting averages of 20.1 points and 10 rebounds per game.

Brand holds career averages of 15.9 points and 8.5 rebounds in 1,058 games with the Bulls, Los Angeles Clippers, Dallas Mavericks, Atlanta Hawks, and (in two different stints) Sixers.

Brand was a two-time All-Star when he signed a lucrative five-year, $82 million free-agent contract in 2008 with Philadelphia. He was an undersized, but athletic power forward with a formidable mid-range game and a knack for defense.

He made the announcement Thursday at the Sixers' training facility in Camden, New Jersey.

“The Duke alum said playing in the league has been ‘a wonderful journey. It's been an honor and a privilege.'”

Elton Brand did not play during this year's preseason, but will still collect $1 million from the Sixers.