Sixers Make Big Decision On Offer Sheet For Paul Reed

It took them almost the full allotted 48 hours to decide, but seemingly after doing their full cap and luxury tax analysis, the Philadelphia 76ers have finally decided to match the Utah Jazz offer sheet received by big man Paul Reed. 

The 76ers are matching Paul Reed’s three-year, $23M offer sheet with the Jazz, sources tell ESPN. Per sheet’s terms, Sixers must guarantee last two years of Reed’s deal if they win the opening round of playoffs this season.

— Adrian Wojnarowski (@wojespn) July 10, 2023

Reed signed a 3-year, $23M offer sheet with the Jazz, but now the Sixers will keep the center/power forward for another three years. As noted by NBA Insider Adrian Wojnarowski, a unique twist in the contract which the Jazz had inserted means the final two years of the deal are guaranteed if Reed's team wins the opening round of the playoffs this coming season. That is obviously much more likely in Philadelphia than it would have been with the Jazz.

Other terms included veto power for Reed over any trade, and the fact that he cannot be traded to Utah for a full year. 

Reed averaged 4.2 points and 3.8 rebounds in just 10.9 minutes per contest this past season, but in four starts, he averaged 11.8 points and 11.5 rebounds. And in his first playoff start, Reed had 10 points and 15 rebounds in Game 4 against the Brooklyn Nets.

The Sixers had already signed free agent center Mo Bamba to add to their frontcourt, which now has plenty of depth alongside Joel Embiid, Montrezl Harrell and Reed as well. 

Photo: Eric Hartline-USA TODAY Sports