HomeTop StoriesWhat you need to know about the Philadelphia 76ers' free agents, cap...

What you need to know about the Philadelphia 76ers’ free agents, cap space and more

PHILADELPHIA (CBS) – After another disappointing playoff exit in the NBA playoffsthe Philadelphia 76ers are entering the most important offseason of the Joel Embiid era.

Tobias Harris’ monster contract will finally go off the books, making the Sixers president of basketball operations Daryl Morey plenty of cap space to build around Embiid and All-Star guard Tyrese Maxey.

Here’s everything you need to know about the Sixers’ free agents, cap space and more.

The Sixers free agents

The Sixers will likely look like a completely different team come the 2024-2025 season.

Below is a list of Philly’s free agents:

  • Tyrese Maxey
  • Tobias Harris
  • Friend Loved
  • Nicholas Batum
  • Robert Covington
  • De’Anthony Melton
  • Kyle Lowry
  • Kelly Oubre
  • Mo Bamba
  • Kenyon Martin Jr.
  • Cameron Payne
  • Terquavion Smith
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It’s important to note that Maxey and Smith are restricted free agents and the rest are unrestricted.

The Sixers won’t let it Maxey, the 23-year-old rising star and winner of the NBA Most Improved Player Award 2023-2024, go anywhere. Philly did not commit him to a contract extension during the season to have flexibility entering this offseason. He gets a max contract and could make even more money if he makes an All-NBA team.

Philadelphia 76ers vs. New York Knicks - Game Five
NEW YORK, NEW YORK – APRIL 30: Tyrese Maxey #0 and Joel Embiid #21 of the Philadelphia 76ers talk during the second half against the New York Knicks at Madison Square Garden on April 30 in New York City. The Philadelphia 76ers defeated the New York Knicks 112-106 in overtime.

Getty Images

If Maxey were to sign an offer sheet from another team, the Sixers would have a chance to match that offer – the same goes for Smith.

During his end-of-season press conference, Morey said the Sixers were interested in many of their players hitting the open market.

Philly can exercise Bird rights on any free agent except Oubre, Payne, Bamba and Lowry.

Bird rights are an exception to the salary cap in the CBA, allowing teams to go above the salary cap. There are three types of Bird rights: Non-Bird rights, Early Bird rights and Full Birds rights.

Sixers under contract

The only players the Sixers have under contract for the 2024-25 season are Embiid, backup center Paul Reed and guards Ricky Council IV and Jeff Dowtin.

Embiid is under contract for at least the 2025-2026 season and has a player option for the 2026-2027 season.

Reed, who will make $15.8 million, is on the books for the next two seasons. But because the Sixers lost to the New York Knicks in the first round of the playoffs, his salary is not guaranteed.

Dowtin has a club option for next season, and Council, who flashed at times in the 2023-2024 season, will play on a non-guaranteed deal in the 2024-2025 season.

Sixers cap space

Morey will have enough money this season to build a contending team around Embiid and Maxey. The Sixers are expected to have $55.5 million in cap space.

They could create up to $65 million in cap space by waiving their free agent caps, but that would come at the cost of losing their Bird rights.

Wing goals for Sixers

Following the team’s playoff loss to the Knicks, Morey said during his season-ending press conference that the Sixers need a wing who can perform alongside Embiid and Maxey in the playoffs. There are plenty of wings the Sixers could pursue, and there have been plenty of rumors and reports linking them to Los Angeles Clippers forward Paul George and Miami Heat forward Jimmy Butler.

George has a player option, so he should opt out of his deal, but… Butler would have to be acquired via trade.

Other targets include Los Angeles Lakers superstar LeBron James, who also has a player option, New Orleans Pelicans forward Brandon Ingram, Phoenix Suns forward Kevin Durant, Chicago Bulls forward DeMar DeRozan and Indiana Pacers forward Pascal Siakam.

Heat 76ers basketball
Philadelphia 76ers’ Joel Embiid, left, talks with Miami Heat’s Jimmy Butler after an NBA basketball play-in tournament game April 17, 2024, in Philadelphia. The 76ers won 105-104.

Chris Szagola / AP

Ingram and Durant should also be acquired in a trade, and DeRozan and Siakam will become unrestricted free agents.

Sixers 2024 NBA Draft Picks

The Sixers have their own pick at 16, just outside the lottery, in the first round of the 2024 NBA draft. They also have a second-round pick acquired at the deadline from the Boston Celtics in the Jaden Springer transaction.

The Sixers forfeited their own second-round pick in the second round of the 2024 NBA draft after an investigation into messing with PJ Tucker and Danuel House Jr.

When does NBA free agency start?

NBA teams can begin negotiating with all incoming free agents beginning June 30 at 6 p.m., approximately one week after the 2024 NBA draft.

On July 6, NBA teams can officially begin signing free agents to contracts at 12:01 p.m

All salary caps and contract numbers are from Spotrac.com.

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