The Sixers are about to enter their final season for a while of not being a taxpaying team, Derek Bodner of The Athletic writes in detailed breakdown of all the contracts the organization issued since free agency began.
Philadelphia has been among the most active teams this offseason, adding free agents Al Horford, Kyle O’Quinn and Raul Neto, trading Jimmy Butler to the Heat for Josh Richardson, re-signing Tobias Harris, Mike Scott and James Ennis, extending Ben Simmons and giving a four-year contract to former two-way player Shake Milton. Even with all those additions, the Sixers are comfortably below the tax line.
That changes next year when Simmons’ maximum rookie extension kicks in. The Sixers will not only be a taxpayer going forward, but would need to unload significant salary to say below the apron and retain the ability to use their full mid-level exception. The same situation will exist for 2021/22 unless they lose Richardson, who has a player option for that season. Bodner doesn’t expect that to happen, stating that the team is likely to consider keeping Richardson more valuable than having the full MLE.
There’s more this morning from Philadelphia:
- The Sixers‘ tax status for the upcoming season gave them the freedom to start Harris’ new five-year, $180MM deal with a higher first-year salary than they needed to, Bodner adds in the same story. Instead of beginning with a $31MM salary for 2019/20 and 8% raises the rest of the way, Harris will get a max salary of $32.742MM this year, followed by lower raises in years three and four when the organization will have tax concerns.
- J.J. Redick, who signed as a free agent with the Pelicans, said on his latest podcast that he expected to retire in Philadelphia, tweets Will Guillory of The Athletic. However, he added, “Sometimes the economics of things don’t work out.” Redick, who spent the past two years with the Sixers, referred to New Orleans as “Duke south” and said he has known new GM Trajan Langdon since his freshman year at the university. He dealt mainly with Langdon in free agent talks, while his agent negotiated with executive vice president of basketball operations David Griffin.
- Kyle Korver strongly considered the Sixers before reaching an agreement with the Bucks yesterday, according to Adrian Wojnarowski of ESPN. Korver started his career in Philadelphia, but his relationship with Milwaukee coach Mike Budenholzer, whom he played for in Atlanta, swayed his final decision.