According to a Daryl Morey tweet, the Philadelphia 76ers are retaining 24-year-old big man Paul Reed. A team source confirmed the news to Liberty Ballers.
— Daryl MorΞy (@dmorey) July 10, 2023
Reed signed a three-year, $24 million offer sheet to play for the Utah Jazz. The Sixers had from Saturday afternoon through Sunday night to match.
Paul Reed cannot be traded to the Utah Jazz for one year and has veto rights over any trade this season.