Philadelphia matched Utah’s reportedly unorthodox offer sheet and officially re-signed frontcourt player Paul Reed on Sunday.
Per ESPN’s Adrian Wojnarowski, Jazz’s offer sheet came attached with provisions, including a guaranteed second and third year should Reed’s team advance past the first round of the 2024 playoffs. Philadelphia, which has reached the second round in five out of the last six seasons, would reportedly owe Reed the full three years and $23 million should they advance to the Eastern Conference semifinals once again.
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
A 2020 second-round Draft pick success story out of DePaul, Reed has proven himself one of the best per-minute backup big men in the league. The 24-year-old averaged 4.2 points, 3.8 rebounds, 0.7 blocks and 0.7 steals in just 10.9 minutes per game last season.