NBA insider Shams Charania reports that Paul Reed is signing a three-year, $24 million contract offer sheet with the Jazz.
The 24-year-old small forward is a restricted free agent, therefore the 76ers can match the offer.
According to NBA insider Adrian Wojnarowski, the first season of the contract is fully guaranteed and the two following become guaranteed for $15.7 million if Reed’s team advances to conference semi-finals in the 2023-24 season, sources said.
In addition, he reports that if the Sixers match the sheet, they will exceed the $165 million luxury tax threshold and incur an additional $14 million in luxury tax penalties. Reed would have veto power on a trade for a year if he remains with Sixers.
Last season Reed averaged 4.2 points, 3.8 rebounds in 10.9 minutes per game for the Sixers.
