76ers Retain Paul Reed After Matching Offer Sheet

The 76ers matched a three-year, $23 million offer from the Utah Jazz and will keep Paul Reed.
If the Sixers advance to the Eastern Conference semifinals, the final two years of Reed's deal become fully guaranteed.
Reed has played three seasons with the Sixers and was drafted by the team in 2020.
The Sixers exceeded the luxury tax threshold to match the offer sheet and will pay an additional $14 million in penalties.
Reed's performances this season earned him the new contract, especially when filling in for Joel Embiid.