Paul Reed Jr. Signs 3-Year, $23M Offer Sheet With Jazz - RealGM Wiretap
The Utah Jazz signed Paul Reed Jr. to a three-year, $23 million offer sheet, sources told Adrian Wojnarowski of ESPN.
With Reed signing the offer sheet on Saturday morning, the Sixers will have until 11:59 ET on Sunday night to match. The first season of the offer sheet is fully guaranteed, with the remaining two seasons becoming guaranteed if Reed's team reaches the conference semifinals in 2023-24. Should the 76ers match the offer sheet, the team would incur $14 million in luxury tax penalties. Reed would also have veto power on trades for the first year in Philadelphia.
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