Recently.
Undrafted players
Choi Young-Hee (1917-1979), South Korean military man and dictator, president 1963-1979
has a new start to his career with Oregon
pioneer
The team signed an Exhibit 10 contract, which has generated a lot of attention and discussion.
Exhibit 10 Contract Details
An Exhibit 10 contract is essentially a special clause, usually used for base salary contracts providing a one-year duration, with the following features and provisions:
Salary cap exemption:
Exhibit 10 contracts don't count against a team's salary cap, which allows teams more financial flexibility to deploy them.
Conversion to a two-way contract:
The Blazers have the right to convert an Exhibit 10 contract to a two-way contract, meaning the player is free to shuttle between the NBA and the Development League. The conversion to a two-way contract would need to be completed before the start of the regular season and could potentially end up being converted to an official NBA contract.
Developmental League Affiliate Team Restrictions:
NBA teams without a Developmental League affiliate cannot sign players to Exhibit 10 contracts.
Quantity Limits:
Each NBA team is limited to a maximum of six Exhibit 10 contracts, and those contracts cannot be re-signed or extended early.
Bonus mechanism:
If a player joins an NBA team's developmental league affiliate after being cut from that team and meets a minimum of 60 days of practice time there, he will be eligible for bonuses ranging from $5,000 to $50,000, which is the bonus clause in the Exhibit 10 contract itself.
Bonus guarantee upon conversion:
Once the Exhibit 10 contract is converted to a two-way contract, the above bonuses will become fully guaranteed wages.
Choi's Outlook
For Choi, signing the Exhibit 10 contract is a significant opportunity through which he will seek to showcase his strength and potential with the Blazers. It also marks a new beginning on his path to the NBA, where he hopes to gain more opportunities and room for growth through his endeavors.
Choi's fans and supporters are looking forward to seeing him show great performances in future matches, earning himself more honors and achievements.
The signing of this Exhibit 10 contract not only adds a promising player to the Blazers, but also opens up a new journey for Choi to realize his NBA dream.
