Philadelphia 76ers President of Basketball Operations Daryl Morey announced today that the team has re-signed Paul Reed.
The Sixers reportedly matched Reed’s three-year, $23 million Jazz offer sheet.
Per ESPN.com, “one of the terms of the offer sheet provided a unique twist on Reed’s contract: The first season of the contract is fully guaranteed, but the next two years worth $15.7 million become guaranteed if the Sixers advance to the Eastern Conference semifinals, sources said. Given where the two franchises stand, it was more likely the Sixers would have to guarantee those 2024-2025 and 2025-2026 seasons than the Jazz.”
Reed, 24, averaged career highs in points (4.2), rebounds (3.8), and blocked shots (0.7) in 2022-23, while shooting 59.3% from the field. He tallied five double-doubles in 69 games last season, including a 16-point, career-high 14-rebound performance at Miami on March 1. Reed averaged 1.6 offensive rebounds per game in 2022-23, a mark that ranked second among 76ers. He was one of two NBA players to collect at least 100 offensive rebounds in fewer than 800 minutes played.
A three-year pro, Reed played in all 11 of Philadelphia’s 2023 NBA Playoff games. He made two starts during this latest postseason run, recording double-doubles in wins at Brooklyn (Round 1, Game 4) and at Boston (Round 2, Game 1).
Originally selected with the No. 58 overall selection in the 2020 NBA Draft, Reed is second in the NBA in offensive rebound percentage (17.7%) since entering the league (min. 200 minutes played). In three NBA seasons, the Florida native has posted double-figure points 14 times and 10-or-more rebounds on eight occasions.
In 2021, while playing for the 76ers’ NBA G League affiliate, the Delaware Blue Coats, Reed claimed G League Most Valuable Player honors, was named the G League’s Rookie of the Year, and was selected to both the All-G League and All-G League Defensive Team.
Reed played his college basketball at DePaul, appearing in 93 games (58 starts) over three seasons, posting 10.6 points and 7.5 rebounds in 23.2 minutes per contest. As a junior, Reed averaged a double-double with 15.1 points and 10.7 rebounds, as he was named to the All-Big East Second Team.
