Utah Jazz sign restricted free agent Paul Reed Jr. to offer sheet

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Utah Jazz sign restricted free agent Paul Reed Jr. to offer sheet
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The Philadelphia 76ers have until Sunday night to match the three-year, $23 million offer for the backup big man. TakeNote

The unique structure of the offer for the backup center could potentially make it a three-year contract if the Sixers retain him, but perhaps only a one-year deal if he winds up joining the Jazz.

The Philadelphia 76ers have until Sunday night at 11:59 p.m. ET to match the three-year offer, which is worth either $23 million or $24 million . For starters, Reed’s 2023-24 salary would put Philadelphia over the luxury tax, and force the team to incur about $14 million in tax payments. Furthermore,, there is a clause in the contract that would fully guarantee years two and three of the deal if the team that Reed plays for advances to the conference semifinals — the second round of the playoffs.

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