Now, Zanik is the Jazz GM who delivered that unique guarantee provision in Reed's offer sheet. The deal included a "poison pill" provision that backloaded $15 million in the third year of the contract, an idea that Morey - now the Sixers president of basketball operations - worked on with Asik's agent, Justin Zanik. Given where the two franchises stand, it was more likely the Sixers would have to guarantee those 26 seasons than the Jazz.Īs the Houston Rockets general manager 11 years ago, Daryl Morey signed Chicago Bulls restricted free agent center Omer Asik to a three-year, $24.3 million offer sheet. 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 seasons, worth $15.7 million, become guaranteed if the Sixers advance to the Eastern Conference semifinals, sources said. ET Sunday deadline to inform Utah that they matched the sheet. Reed has veto power on any trade and can't be moved to Utah for a full year. Reed signed the offer sheet on Saturday morning, and the Sixers waited until 90 minutes prior to the 11:59 p.m. The Philadelphia 76ers have matched restricted free agent forward Paul Reed's three-year, $23 million offer sheet with the Utah Jazz and will retain him, sources told ESPN on Sunday night. Sources: 76ers match 3-year, $23M offer sheet on Paul Reed ![]() ![]() You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browser
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