Sixers' Remaining Salary Cap After Tyrese Maxey Extension

Sixers Sign Tyrese Maxey to Three-Year, $105 Million Extension

The Philadelphia 76ers have signed rising star Tyrese Maxey to a three-year, $105 million contract extension, according to ESPN's Adrian Wojnarowski. The deal is reportedly fully guaranteed and includes a player option for the 2025-26 season. Maxey, 21, has quickly emerged as a key piece for the Sixers, averaging 17.5 points and 4.3 assists per game last season. He is expected to play a larger role in the team's offense going forward, alongside Joel Embiid and James Harden. The extension will keep Maxey in Philadelphia through the 2025-26 season, giving the team some long-term stability at the point guard position. Maxey has shown tremendous growth since being drafted 21st overall in 2020, and the Sixers are betting that he will continue to develop into a star.

Salary Cap Implications

The Maxey extension will have a significant impact on the Sixers' salary cap situation. According to Spotrac, the Sixers now have approximately $12 million in remaining salary cap space for the 2022-23 season. This gives the team some flexibility to make additional moves before the start of the season, but it also limits their ability to add significant talent. The Sixers could use their remaining cap space to sign a veteran free agent or to make a trade for a player who can contribute immediately. However, they will need to be careful not to exceed the salary cap, which is set at $123.6 million for the 2022-23 season.

Looking Ahead

The Sixers are hoping that Maxey's extension will help them contend for a championship in the near future. The team has a talented roster, but they need to find a way to improve their defense and develop more consistency. If Maxey can continue to improve, he could be a key part of the Sixers' success going forward.