The 76ers on Wednesday announced that they have exercised the team option on Robert Covington’s contract for the 2017-18 season.
As a result, the small forward will make $1.57 million next season. The Sixers had until June 24 to pick up the final year of his deal before he became a restricted free agent. He will become an unrestricted free agent after 2017-18 if the Sixers don’t extend his contract.
This summer, the team could extend Covington for a projected four-year, $39 million deal, according to The Vertical. They also can renegotiate his salary after Nov. 15.
Covington is undergoing rehabilitation after having surgery to repair a meniscus tear in his right knee April 18 at the Vincera Institute. The fourth-year veteran hurt the knee March 28 against the Brooklyn Nets at the Barclays Center, his last action of the season. He averaged 12.9 points and 6.5 rebounds and ranked fourth in the NBA with 1.9 steals per game.