76ers restricted free agent big man Paul Reed signs $23 million offer sheet with Jazz, per report

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Philadelphia 76ers restricted free agent massive man Paul Reed has signed a $23 million supply sheet with the Utah Jazzin response to ESPN’s Adrian Wojnarowski. The Sixers can select to match the supply with a view to hold Reed in Philly, and so they have till midnight on Sunday, July 9 to take action.

The supply sheet that Reed signed with Utah is fairly distinctive, and it consists of an attention-grabbing function: The primary season of the deal is absolutely assured, whereas the following two seasons additionally develop into absolutely assured if Reed’s staff makes it to the convention semifinals throughout the 2023-24 NBA season. This function is the results of some artful deal-making on Utah’s half, and it was clearly included to attempt to deter the Sixers from matching the supply, as they are much extra prone to make it to the second spherical subsequent season than the Jazz are. So for Philadelphia, there’s an excellent probability that the deal would develop into a totally assured three-year deal, whereas the chance of that taking place in Utah is far decrease.

Moreover, if the Sixers match the supply sheet, they’re going to exceed the league’s luxurious tax threshold and be compelled to pay $14 million in tax penalties. Additionally, Reed would have veto energy on a commerce for the primary 12 months of the contract if he stays with the Sixers. All of that isn’t to say that the Sixers will not match, because the staff was very proud of Reed’s improvement final season, however doing so will not be low-cost. For a company aiming to take care of future monetary flexibility, what to do with Reed may show to be a tough resolution.

The Sixers already appear to have hedged in opposition to the potential lack of Reed by bringing again Montrezl Harrell and signing Mo Bamba to again up reigning NBA MVP Joel Embiid. Reed has performed the overwhelming majority of his profession on the middle spot, and bringing him again would imply that the Sixers would have three roster spots devoted to backup facilities, which appears barely extreme.

The Sixers chosen Reed late within the second spherical of the 2020 NBA Draft. He has spent the previous three seasons with the staff and has rapidly changed into a fan favourite in Philadelphia. With a significant resolution concerning his future now looming, we’ll see how a lot the group actually values what he brings to the desk.

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Printed : 2023-07-08 16:46:54