The Philadelphia 76ers retained restricted free agent ahead/heart Paul Reed on Sunday evening by matching a three-year, $23 million provide sheet he signed with the Utah Jazz a day earlier

Whereas the 76ers didn’t formally reveal phrases of the deal, ESPN reported that the group waited till lower than two hours earlier than Sunday’s 11:59 p.m. ET deadline to inform Utah that they’d opted to match the sheet

The contract carried some intrigue because the preliminary season on the matched provide sheet is totally assured, with Years 2 and three to change into assured if Reed’s group reaches the convention semifinals in 2023-24 — with these playoff benchmarks seemingly extra attainable for the contending 76ers than the rebuilding Jazz

Moreover, by matching the provide, the 76ers will exceed the league’s $165 million luxury-tax threshold and incur a $14 million penalty, per ESPN

A second-round decide by Philadelphia in 2020, the 24-year-old Reed averaged 4.2 factors and three.8 rebounds in 69 video games (two begins) in 2022-23, his third NBA season.

–Area Stage Media