What is the Exhibit 10 contract?
Is the Exhibit 10 contract for ten days?
The Exhibit 10 contract is a new form of contract created by the NBA in recent years.
Exhibit 10 Contract Specifics:
Nature and basic features of the contract
It is a one-year, base salary contract with no bonuses other than those covered by the Exhibit 10 clause in the contract. So technically speaking, Exhibit 10 is a special clause included in NBA contracts, which journalists often express in conjunction with the word "contract" for ease of distinction.
Related rules:
Not counting against the salary cap: Exhibit 10 contracts do not count against a team's salary cap, which gives teams some flexibility in managing their salary space and allows teams to sign these types of players for scouting without impacting the salary cap.
Contract Conversion Provision: An NBA team may convert this contract to a two-way contract prior to the start of the regular season. A two-way contract is a form of contract that allows a player to play flexibly between an NBA team and its Development League affiliate.
TEAM RESTRICTIONS: NBA teams that do not have a Developmental League affiliate may not use Exhibit 10 contracts. And each NBA team is limited to a maximum of 6 Exhibit 10 Contracts, which can only be signed once and cannot be re-signed or renewed early.
Bonus provision:
If a player on an Exhibit 10 contract is cut by an NBA team and joins the team's Developmental League affiliate and stays with the team for 60 days, the player receives a bonus of between $5,000 and $50,000
If the Exhibit 10 contract is converted to a two-way contract, then the bonuses mentioned above go straight to a fully guaranteed salary.
Overall, the Exhibit 10 contract is a low-cost way for NBA teams to scout players, a flexible way to adjust their rosters, and a way for some players who aspire to make it to the NBA to earn their chance.
expanded material
Choi after falling in the 2024 NBA Draft with the Portland Trail Blazers
The team signed an Exhibit 10 contract.
Japanese player Isao Kawamura with the Grizzlies
The team signed him to an Exhibit 10 contract with the goal of securing a full contract for the 2024-25 season.
that's all...
What is the exhibit10 contract? Is the exhibit10 contract for ten days?
The answer, you want to know more data and information can be concerned about this site.
