NBA News: Philadelphia 76ers Strike New Deal With Trade Pickup

The 76ers reportedly converted Jared Butler's contract.

Declan Harris | Feb 13, 2025

Feb 9, 2025; Milwaukee, Wisconsin, USA; Philadelphia 76ers guard Jared Butler (12) passes the ball around dMilwaukee Bucks guard Gary Trent Jr. (5) during the fourth quarter at Fiserv Forum. Mandatory Credit: Jeff Hanisch-Imagn Images / Jeff Hanisch-Imagn Images

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Philadelphia 76ers

On Thursday's deadline, the Philadelphia 76ers conducted a trade with the Washington Wizards, which saw them acquire Jared Butler and four second-round picks in exchange for Reggie Jackson and a future first-round pick, as reported by Marc Stein.

The trade saw Jackson's short stint in Philadelphia coming to an end after appearing in 31 games in which he averaged four points on 39 percent from the field after signing a one-year deal in the offseason.

On the other hand, Butler comes into the Wells Fargo Center in the midst of a high-output season, averaging a career-high 6.9 points per game on 48 percent form the field. A showcase for his offensive capabilities would be his game against the Sixers in early January, where he dropped a season-high 26 points and seven assists.

76ers Convert Butler's Contract

Butler's original deal was put to ink back in October, seeing him sign as a two-way player earning $578k, according to Hoopshype.

This is well below the $3.3M contract that Jackson had with the Sixers, meaning that the Philadelphia front office has continued their trend of saving cap space following the departure of Caleb Martin and KJ Martin in the days prior to the trade deadline.

On Thursday, ESPN’s Shams Charania reported that Butler will have his contract converted to a standard deal. He is reportedly landing a two-year contract.

The Philadelphia 76ers are converting two-way guard Jared Butler to a standard two-year NBA contract, Mark Bartelstein of @PrioritySports told ESPN. Butler has averaged 10 points, 4.7 assists and 17.1 minutes over 3 games since joining the 76ers via trade last week. pic.twitter.com/POqwfOnozw
— Shams Charania (@ShamsCharania) February 13, 2025

Butler appeared in three games with the Sixers since the trade. Over that span, he averaged 10 points on 42 percent shooting, along with three rebounds and five assists.