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76ers retain F/C Paul Reed, fit $23M be offering sheet

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May 7, 2023; Philadelphia, Pennsylvania, USA; Philadelphia 76ers forward Paul Reed (44) drives to the basket against Boston Celtics guard Jaylen Brown (7) during game four of the 2023 NBA playoffs at Wells Fargo Center.

Might 7, 2023; Philadelphia, Pennsylvania, USA; Philadelphia 76ers ahead Paul Reed (44) drives to the basket in opposition to Boston Celtics guard Jaylen Brown (7) right through recreation 4 of the 2023 NBA playoffs at Wells Fargo Heart.
Symbol: Eric Hartline-USA TODAY Sports activities

The Philadelphia 76ers retained limited loose agent ahead/heart Paul Reed on Sunday evening by way of matching a three-year, $23 million be offering sheet he signed with the Utah Jazz an afternoon previous

Whilst the 76ers didn’t formally expose phrases of the deal, ESPN reported that the workforce waited till not up to two hours sooner than Sunday’s 11:59 p.m. ET closing date to inform Utah that they’d opted to check the sheet

The contract carried some intrigue because the preliminary season at the matched be offering sheet is absolutely assured, with Years 2 and three to develop into assured if Reed’s workforce reaches the convention semifinals in 2023-24 — with the ones playoff benchmarks apparently extra potential for the contending 76ers than the rebuilding Jazz

Moreover, by way of matching the be offering, the 76ers will exceed the league’s $165 million luxury-tax threshold and incur a $14 million penalty, in step with ESPN

A second-round select by way of Philadelphia in 2020, the 24-year-old Reed averaged 4.2 issues and three.8 rebounds in 69 video games (two begins) in 2022-23, his 3rd NBA season.

–Box Stage Media

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