Paul Reed reportedly signed an offer sheet with the Utah Jazz on Saturday. NBCSPhilly NoahLevick has the details.
reported the offer sheet is for three years and $23 million, and that, “The first season of the contract is fully guaranteed, while the following two seasons become guaranteed if Reed's team advances to the conference semifinals in 2023-24.” Wojnarwoski also notes that the Sixers matching would push the team over the luxury-tax threshold.
If Sixers match the sheet, they will exceed the $165M luxury tax threshold and incur an additional $14M in luxury tax penalties.
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