The Philadelphia 76ers have matched the Utah Jazz’s $23 million offer sheet for Paul Reed, according to NBA insider Adrian Wojnarowski of ESPN. Reed, who was a restricted free agent, is signing a three-year deal with the Sixers.
“One of the terms of the offer sheet provided a unique twist on Reed’s contract: The first season of the contract is fully guaranteed, but the next two seasons, worth $15.7 million, become guaranteed if the Sixers advance to the Eastern Conference semifinals, sources said,” Woj wrote. “Given where the two franchises stand, it was more likely the Sixers would have to guarantee those 2024-2025 and 2025-2026 seasons than the Jazz.”
Reed appeared in 69 games for the Sixers last season. He averaged 4.2 points and 3.8 rebounds while shooting 59.3% from the floor and 74.5% from the free-throw line. The 24-year-old was the 58th overall pick in the 2020 draft out of DePaul.
The Sixers lost to the Boston Celtics in the 2023 Eastern Conference Semifinals in seven games. Doc Rivers was fired as head coach and replaced by former Toronto Raptors coach Nick Nurse, who won the 2019 championship.
NBA NEWS & RUMORS: Paul Reed, Philadelphia 76ers & Utah Jazz Updates
Reed has career averages of 3.7 points and 3.1 rebounds in 133 games with the Sixers. It will be fascinating to see what type of role he has next season under Nurse.
The Sixers are currently dealing with James Harden’s trade request. Harden has opted into his 2023-24 player option with the Sixers and wants to get traded to the Los Angeles Clippers.
NBA NEWS & RUMORS: Paul Reed, Philadelphia 76ers & Utah Jazz Updates
After Harden learned about Philadelphia’s plans to not give him a max deal, the 2017-18 MVP opted into his player option and requested a trade. The 10-time All-Star believes he should be compensated fairly after averaging 21.0 points, 6.1 rebounds and 10.7 assists last season while shooting 44.1% from the field, 38.5% from beyond the arc and 86.7% from the free-throw line.
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