If you`re an aspiring NBA player or simply interested in the inner workings of the league, you may have heard of the Exhibit 10 contract. This type of contract is becoming increasingly popular among NBA teams, particularly for players who are looking to make their way onto a team`s G League affiliate.
But what exactly is an Exhibit 10 contract and how does it impact a player`s salary? Let`s dive in.
First, it`s important to understand that Exhibit 10 contracts are essentially non-guaranteed contracts with an optional bonus. The bonus can be anywhere from $5,000 to $50,000 and is typically given to a player who is waived by the NBA team and signs with its G League affiliate.
In terms of salary, Exhibit 10 contracts are typically the league minimum for a player with no NBA experience. For the 2020-2021 season, this amounts to $898,310. However, the salary can vary based on a player`s experience and other factors, such as whether they are signed for a partial or full season.
It`s worth noting that Exhibit 10 contracts are not counted towards a team`s salary cap. This means that teams can sign as many players to Exhibit 10 contracts as they want without worrying about going over the cap.
So, why are Exhibit 10 contracts becoming more popular? For one, they allow NBA teams to easily move players between the NBA and G League. Additionally, the optional bonus can be an incentive for players to sign with a team`s G League affiliate rather than seeking opportunities overseas.
For players, signing an Exhibit 10 contract can also be beneficial. It gives them the opportunity to showcase their skills for an NBA team and potentially earn a spot on the roster. Even if they don`t make the NBA team, the bonus can provide some financial security and the chance to continue developing their skills in the G League.
Overall, the Exhibit 10 contract is a unique and increasingly popular option for NBA teams and players alike. While the salary may not be as high as some other contracts, the flexibility and potential bonus make it an attractive option for those looking to work their way up the ranks of professional basketball.