DND_Reborn
The High Aldwin
No, because Distant spell on a touch spell has no reaction trigger condition. It is the reaction trigger that causes the issue for this combo.And when you use Distant Spell on a spell with a range of touch, whose description says "the creature you touch", it doesn't extend the range to 30 ft either. Because all it does is change the "Range" line, right?
(That really isn't how 5e works.)
You can still use Distant spell on Counterspell, increasing the Range to 120 ft., but the trigger for the reaction is separate and requires you be within 60 ft. of the other caster. This makes using Distant spell nearly useless with Counterspell, but there are fringe cases where it would still be useful to do.
An example would be:
A begins casting a spell.
B is within 60 feet, satisfying the reaction trigger and uses Distant Counterspell against A.
A had a Contingency for Misty Step that if an enemy caster tries to Counterspell him, he moves 30 feet away. His intent is that this will foil the Counterspell.
B smiles because he knows his range is 120 ft thanks to the Distant metamagic, and since A is only 90 ft. away, his spells is still countered.
And besides, Sorcerers still have their edge with Subtle spell.
