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July

11
76ers match 3-year, $23M offer sheet on Paul Reed

The Philadelphia 76ers have matched restricted free agent forward Paul Reed’s three-year, $23 million offer sheet with the Utah Jazz and will keep him. Reed signed the offer sheet on Saturday morning, and the Sixers waited until 90 minutes prior to the 11:59 p.m. ET Sunday deadline to inform Utah that they matched the sheet. Reed has veto power on any trade and can’t be moved to Utah for a full year. One of the terms of the offer sheet provided a unique twist on Reed’s contract: The first season of the contract is fully guaranteed, but the next two seasons, worth $15.7 million, become […]

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