Sixers not planning to extend Tyrese Maxey this summer
The Sixers are not planning to sign Tyrese Maxey to a contract extension this summer, a source confirmed Friday to NBC Sports Philadelphia.
PhillyVoice's Kyle Neubeck first reported the news.
Maxey remains a big part of the Sixers' plans moving forward and the team's aim is to maintain flexibility, a source confirmed. The 22-year-old will play the 2023-24 season on his fourth-year club option of approximately $4.3 million.
As ESPN's Bobby Marks noted, signing Maxey to a sizable extension would cut significantly into the Sixers' projected cap room for next offseason.
Maxey has a low $13M free agent cap hold in 2024.
If he signed an extension starting at $30M for example, Philadelphia will lose $17M in room.
The 76ers have only 2 players with guaranteed contracts in 2024-25:
Joel Embiid and PJ Tucker https://t.co/eAXzRa7Q8f— Bobby Marks (@BobbyMarks42) June 30, 2023
In his third NBA season, Maxey scored 20.3 points per game and shot 43.4 percent from three-point range.
This is a breaking news story. More to come.
