He Philadelphia 76ers retained restricted free agent forward/center Paul Reed on Sunday night by matching a three-year, $23 million offer sheet he signed with the utah jazz one day before
while the 76ers Not officially revealing the terms of the deal, ESPN reported that the team waited until less than two hours before Sunday’s 11:59 p.m. ET deadline to tell Utah they had opted to even the sheet.
The contract generated some intrigue as the initial season on the matched offer sheet is fully guaranteed, with years 2 and 3 guaranteed if Reed’s team reaches the conference semifinals in 2023-24, with those benchmarks from the seemingly more achievable playoffs for contenders. 76ers that reconstruction Jazz
Furthermore, by matching the offer, the 76ers will exceed the league’s $165 million luxury tax threshold and incur a $14 million penalty, according to ESPN
Selected in the second round by Philadelphia in 2020, the 24-year-old Reed averaged 4.2 points and 3.8 rebounds in 69 games (two starts) in 2022-23, his third season in the NBA.
–Field level media