Paul Reed is an American basketball player who plays as a backup center for the Philadlehpia 76ers. Also known as "BBall Paul," Reed is a versatile player, capable of playing both center and power forward positions.
At 6 feet 9 inches tall, Reed was named the NBA G League MVP and Rookie of the Year in 2021. He began his basketball journey as a three-star athlete at Wekiva High School in Florida, and later played college ball at DePaul from 2017 to 2020.
In the 2020 NBA Draft, the 76ers selected Reed with the 58th overall pick. Before joining the 76ers main roster, Reed spent the 2021/22 NBA season with the Delaware Blue Coats, the 76ers' G League affiliate. In the 2023-24 NBA season, Reed played in all 82 games for the 76ers, averaging 7.3 points, 6.0 rebounds, 1.3 assists, and 1.0 blocks per game.
Paul Reed Contract Breakdown
| Year | Base Salary | SigningBonus | Cap Hit | Dead Cap | Yearly Cash |
| 2023/24 | $7,723,000 | / | $7,723,000 | / | $7,723,000 |
| 2024/25 | $7,723,000 | / | $7,723,000 | / | $7,723,000 |
| 2025/26 | $8,109,150 | / | $8,109,150 | / | $8,109,150 |
How much is Paul Reed getting paid?
During the 2023/24 NBA season, Paul Reed earned $7,723,000.
According to Spotrac, Reed signed a three-year $23,555,150 contract with the 76ers, an annual average salary of $7,851,717. The contract is part-guaranteed as it comes with a few terms attached to it.
How much does Paul Reed make in a minute?
Paul Reed's salary for the 2023/24 NBA season amounts to $7,723,000. Now one year is known to have 525,600 minutes. So if we divide his total salary by the number of minutes available in a year, then Paul Reed makes around $14.69 per minute.
Paul Reed Career Earnings
After the end of the 2023/24 NBA season, Reed would have earned over $19 million from his NBA contracts till date.
What are the terms of Paul Reed’s contract?
Paul Reed’s three-year contract with the Philadelphia 76ers comes with a couple of crucial terms:
For the 2024/25 NBA season, Paul Reed’s contract is not guaranteed. The contract specifically states that the contract automatically becomes fully guaranteed if the team wins the opening round of the 2023/24 playoffs. Another condition for the contract to become guaranteed for the 2024/25 NBA season is if the player remains under the contract on January 10, 2025.
The same conditions apply for the 2025/26 NBA season.
How much of Paul Reed’s contract is guaranteed?
According to Spotrac, only the first season of Reed’s three-year contract with the 76ers is guaranteed. Second and third seasons of the contract come with the terms that we discussed above.
Paul Reed Contract History
These are all the contracts that Paul Reed has signed in his career till now.
July 7, 2023
Paul Reed signed a three year non-guaranteed contract worth $23.56 with the 76ers.
October 14, 2022
Paul Reed signed a one year, $1.7 million contract with the Philadelphia 76ers.
November 28, 2020
Paul Reed signed a two-way contract with the Philadelphia 76ers.
FAQ's On Paul Reed Contract
A. Paul Reed made $7,723,000 during the 2023/24 NBA season.
A. Yes. Paul Reed was drafted 58th overall in the 2020 NBA draft by the 76ers.
A. Paul Reed is 24 years old as of April 2024.
A. Paul Reed plays as a center or power forward.
A. Paul Reed played college ball at DePaul University.
