RealGM Basketball Wiretap

27 July 2024

• Wells Fargo Will Not Renew Naming Rights To Sixers Arena

  Wells Fargo announced on Wednesday that it will not renew its naming rights for the arena that houses the Philadelphia 76ers and Flyers.

  Wells Fargo's current deal expires in 2025. The company paid $1.4 million per year for the naming rights.

  The building is operated by Comcast Spectacor.

  The Sixers declined comment. The franchise has previously stated that they do not intend to stay after their current lease expires in 2031.

• Reggie Jackson To Join Sixers After Waiver From Hornets

  The Charlotte Hornets are waiving guard Reggie Jackson. After clearing waivers, Jackson plans to sign with the Philadelphia 76ers. Jackson is represented by Aaron Mintz and Dave Spahn.

  The Hornets acquired Jackson earlier this offseason in a salary-shedding move by the Denver Nuggets. The Hornets acquired two second-round picks for taking Jackson's salary into their cap space.

  This is the second time Jackson has been waived by the Hornets in a two-year period. Charlotte previously waived the veteran point guard following the 2023 trade deadline. Jackson then signed with the Nuggets.

  Jackson averaged 10.2 points and 3.8 assists per game for Denver last season. The 13-year veteran also played in all 82 games for the Nuggets.

• Jeff Dowtin, Sixers Agree To Two-Way Contract

  The Philadelphia 76ers and guard Jeff Dowtin have agreed to a two-way contract. Dowtin joined Philadelphia on a two-way contract before signing a standard deal in in early-April. The Sixers then declined a team option for the point guard, before renouncing his free agent rights for cap space.

  Dowtin appeared 12 regular season games for Philadelphia and 21 G League games with the Sixers affiliate the Delaware Blue Coats. With Delaware, Dowtin averaged 18.2 points, 2.7 rebounds, 5.1 assists and 1.1 steals.

  In seven Summer League games between Salt Lake City and Las Vegas, Dowtin averaged 17.1 points, 3.1 rebounds and 5.7 assists.

• Adem Bona, Sixers Agree To Four-Year, $8M Contract

  The Philadelphia 76ers signed Adem Bona to a four-year, $8 million contract, reported Shams Charania of The Athletic.

  The Sixers drafted Bona with the No. 41 pick of the 2024 NBA Draft.

• KJ Martin, Sixers Agree To Two-Year, $16M Deal

  KJ Martin and the Philadelphia 76ers have agree to a two-year, $16 million deal.
  
  The Sixers has the ability to exceed the cap to re-sign Martin as they held his Bird rights with a low cap hold. With this signing, the Sixers are at the first apron, but comfortably below the second apron.

• Kyle Lowry, Sixers Agree To One-Year Deal

  Kyle Lowry and the Philadelphia 76ers have agreed to a one-year deal. Lowry joined the Sixers last season after he was traded by the Miami Heat to the Charlotte Hornets and then subsequently waived.

  Lowry averaged 8.0 points and 4.6 assists in 23 games after joining the Sixers. Lowry also played heavy minutes in the playoffs.

  Lowry joined the Heat in 2021 on a three-year, $85 million sign-and-trade from the Toronto Raptors.

• Pistons Claim Paul Reed Off Waivers

  The Detroit Pistons have claimed Paul Reed off waivers. Reed will enter Year 2 of a three-year, $24 million contract signed with the Utah Jazz in 2023 that was subsequently matched by the Philadelphia 76ers. The Sixers waived Reed in order to create additional cap space.

  Reed appeared in all 82 games last season with the Sixers, averaging 7.3 points, 6.0 rebounds and 1.3 assists in 19.4 minutes.

• Paul George Details Negotiations With Clippers Leading To Exit

  Paul George revealed his side of the negotiation story during a recent episode of his podcast, detailing why he left the Los Angeles Clippers for the Philadelphia 76ers. George said the Clippers initially offered him just $60 million over two years last fall.

  "I'm like, whoa, whoa, whoa, whoa," George said on his podcast, "Podcast P." "Two years, 60? That's crazy! I'm not signing that."

  George tabled extension talks in February, a few weeks after Kawhi Leonard signed a three-year, $153 million extension with the Clippers. George was interested in a similar to Leonard, but the Clippers offered him less.

  "'We came here together, we want to finish this s- together. I'll take what Kawhi got, I was cool with that and we were still taking less. Kawhi took less, so if Kawhi takes less, I'm not going," he said.

  "It's not about me being paid more than him. I'm going to take what he got.' They didn't want to do that... Let me get to the end of this year and we'll discuss this again."

  George said the Clippers also declined to include a no-trade clause, which led him to request a fourth season that a rival team could also offer in free agency. The Clippers could have paid up to $221 million on a four-year contract, but he was willing to stay for the same amount he could make on the open market.

  "They didn't want to do no trade," George said. "I'm like, all right, well then it only makes sense for me to do four years, $212 million. At least pay me my money. If y'all going to trade me, y'all going to trade me. But at least now I'm not in a situation where I could have got more, had I just gone to free agency, then just take this deal where y'all could ship me.... They didn't want to do that, so now I was like, I'm open to entertaining what's out there."

  George also thought a scenario with the Golden State Warriors was close.

  "That was a real thing that was close to being done," George said of a possible trade to Golden State. "It was very intriguing and it was still an opportunity to stay close to home, stay on the West Coast, and it was a win-win. I think Steph is a unicorn, one of one player, and Joel's a unicorn... So it was kind of like a good situation to be in the middle of, but ultimately the deal didn't go through. I think the Clippers didn't want a certain trade deal that the Warriors were willing to give... but it was close. It'd been dope, man."

  George ultimately preferred to remain with the Clippers and it was their negotiations that led to his exit.

  "Just to put it out there, I never wanted to leave LA initially," George said. "I was not trying to leave LA. LA is home. This is where I wanted to finish at. I wanted to work as hard as possible to win one in LA, that was the goal... the first initial deal was, I thought, kind of disrespectful."

• Klay Thompson Trade To Mavs Officially Announced, Includes 6 Teams

  The Dallas Mavericks' acquisition of Klay Thompson was officially announced on Saturday in a move that featured six teams.

  The Mavs, Warriors, Sixers, Nuggets, Hornets, and Wolves all were part of the deal.

  The Mavs acquired Thompson and a second-round pick in 2025. The Warriors received Kyle Anderson and Buddy Hield.

  The Wolves received a 2025 second-round pick, 2031 second-round pick swaps, and cash.

  The Hornets received Josh Green, Reggie Jackson, and second-round picks in 2029 and 2030.

  The Sixers received a 2031 second-round pick.

  The Nuggets received cash in the deal.

  Thompson will wear No. 31 with the Mavs.

• RealGM Radio: Jared Dubin On The Offseason (Jun 2024)

  Host Danny Leroux talks with Jared Dubin of Last Night in Basketball about the offseason.

  They discuss Paul George joining the 76ers, the Knicks trading for Mikal Bridges, the Thunder and Magic "leveling up" with new signings, the second apron as an excuse and much more.

  Subscribe to RealGM Radio on Apple Podcasts or via the RSS feed.