sPHENIX is a next-generation detector experiment at the Relativistic Heavy Ion Collider, designed for a broad set of jet and heavy-flavor probes of the Quark-Gluon Plasma created in heavy ion collisions. In anticipation of the commissioning and first data-taking of the detector in 2023, a RIKEN-BNL Research Center (RBRC) workshop was organized to collect theoretical input and identify compelling aspects of the physics program. This paper compiles theoretical predictions from the workshop participants for jet quenching, heavy flavor and quarkonia, cold QCD, and bulk physics measurements at sPHENIX.