Restricted free agent Paul Reed has signed an offer sheet with the Jazz worth $23MM over three years, according to ESPN’s Adrian Wojnarowski. The Sixers will have until 11:59 p.m. on Sunday to match the offer if they want to keep Reed.
Sources tell Wojnarowski that the offer contains a unique provision that guarantees the first season of the new contract, while the other two will only become guaranteed if his team reaches the conference semifinals in 2023/24. That would total $15.7MM over two years, and Wojnarowski points out that Philadelphia is much more likely than Utah to advance in the playoffs during the upcoming season.
Woj also notes that the Sixers will exceed the $165MM luxury tax threshold if they match Reed’s offer, which would cost them an estimated $14MM in tax penalties. Reed would have the option to veto trades for a year if he stays with Philadelphia.
The Jazz will use their $7.7MM room exception to complete Reed’s offer sheet, tweets Bobby Marks of ESPN. He points out that Utah used its cap space in its trade for John Collins and its renegotiation-and-extension with Jordan Clarkson, whose salary for 2023/24 rose from $14.3MM to $23.5MM.
Reed saw his role expand in his third NBA season as he averaged 4.2 points and 3.8 rebounds in 69 games. He emerged as the primary backup to Joel Embiid as the season wore on and appeared in all 11 playoff contests.
The Sixers are re-signing Montrezl Harrell and are adding free agent center Mohamed Bamba, so Reed’s role might not be as secure if he stays in Philadelphia for another season.
At this moment, 76ers still have $1 million luxury tax room (repeater tax)?
Daryl Morey has a history of letting free agents walk for nothing
Niang $26 mm
Thybulle $33 mm
Milton $10 mm
Thybulle was a blazer not a sixer
I knew. What I mean is the tax plan for last year.
Without matching the offer sheet, 76ers are likely to be a 6-8th seed in East. Doc Rivers took them to 1 seed the first year.
Tough first round in playoffs?
Milton ? Thybulle? And reed is rfa. Facts matter. Reed is hardly the difference between 1 seed and 8th seed .
This is the guy the 76ers should have resigned not Harrell. Reed is really underrated and a great bench/role player.
If 76ers attach a pick to trade away Korkmaz and House and don’t take salary back, they can easily match the offer sheet.
I said this a month ago, 76ers should trade away Korkmaz and House ASAP.
He basically got a 1 year 8M contract from Utah,and if Utah makes the conference finals, he has a 3/24M deal. The 76ers should have offered him 3/24, or even 3/21 and he would have accepted anytime in the past 3 months. If they don’t match – I’m done with the team until they have better management/ownership
Clever move by Utah. This is similar to the one in the Collins trade where the 2026 second round pick will only convey to Atlanta if it falls between #31 and #42. However, this pick is from Memphis not Utah. Barring a collapse from Memphis over the next few years, Atlanta will not see that pick.
The jazz have been sneaky. The new cba has helped the jazz for sure.
Nice move by Utah with the way the offer sheet is structured. Wish more teams did poison pill type offer sheets.
Diabolical move by Ainge. Never heard of anything like this. No way the Sixers take on that risk.
Ainge is mean
Aaahhh the poison pill!!!
He gone
Sixers will not match that. Jazz stuck it to them with that offer. Nasty
Well, the Sixers apparently did not want him
So, I am not sure if they will feel the loss, but if Reed becomes good, then they made the wrong decision
How they just signed bomba who is better than him reed in general way to over pay for a 3rd backup center
Not really. It’s essentially a guaranteed one-year deal. However, on the Jazz he would be motivated to push and inspire his teammates to go further into the playoffs.
On the Sixers, he might be resented because not only would the Sixers pay the luxury tax for his contract, but they would also lose the luxury tax fund that gets divided up amongst the non-tax paying teams. Strong reasons to not match the offer sheet for a bench guy.
76ers and Blazers are likely to miss the playoffs IF
(one more time IF).
76ers trade Harden to Clippers directly
Blazers trade Lillard to Heat directly
In other words, the only two teams they should not make trade are
Clippers
Heat
Sixers miss the playoffs with Embiid and maxey? And Nick nurse as coach? Really? Ten teams make the playoffs now as well. Pass me whatever you’re smoking.
Embiid is injury prone.
Hawks 7th seed
Heat 8th seed.
Heat could miss playoffs too without Lillard deal.
Wonder if Utah is going to trade Olynyk? They have a bunch of big on the roster now. Is Samanic on the move again?
Luka got injured
He is not on the move for sure. Jazz cut Carey to free up a spot.
They also dealt Jones
I’m assuming they let him go?
Reed gone for sure barring a miracle.
No real luxury tax reason for PHI not to match if they like the player sufficient to support that salary (which is not large). They’ll likely be over the tax line this year in any event; but they weren’t last year and can easily stay under it next year.
Ainge knows Sixers won’t make it past the second round lol.
Hawks resign him to start at PF
Sixers*
Sound to me like the Sixers went with Mo Bamba over Reed. Likely the only reason the Sixers didn’t release their cap hold for his contract is because maybe they thought he wouldn’t get an offer. Then they’d only have to pay Reed a small amount to be their 3rd string. That’s not how it played out.
The Sixers need to trade Harris. However, Coach Nurse said he has plans to use Harris. We’re seeing all the players he doesn’t have a plan for.
Who would you rather have playing PF for this team, Paul Reed or PJ Tucker? Reed is 23, 6’9, 225, superb athletic ability and a top 10 rebounder in the NBA.
PJ is 38, 6’5,200, not much leaping ability, savvy player, knocks down a corner 3 per game and averaged 3.5 pts 3.9 rebs and .5 stl in 28 mpg.
Reed, scored 4.2, 3.8 rebs, .7 stls & .7 blocks in under 11 min per game. Reed’s per48 stats are 18.2 pts/game, on 59.3% Fg%, FT 76%, rebounds 7.1 offensive, 16.7 total rebounds, 1.7 ast, 2.3 TO, 2.9 Stl, 3 3 blocks.
Just imagine if he were on the floor with the starting 5 for 1/2 the game- 24 mpg, 9.1 pts, 8.4 rebs, 1.5 stls, 1.6 blks in 24 mins per game.
PJ played 28/game and had 3.5 pts, 3.9 rebs, and a .5 stl and nothing else positive except his leadership.
I’ll take Reed at 24m/3 over PJ at 24m/2