Post by FLCeltsFan on Sept 27, 2017 11:30:08 GMT -5
Here is a bit on the Exhibit 10 and Two way contracts from Insider. I had read about the Two way contracts but the Exhibit 10 contracts were new to me.
Exhibit 10s and two-ways
There are 50 players who have signed a contract with the Exhibit 10, a new type of deal in the most recent collective bargaining agreement (CBA).
A player who is signed to a contract with an Exhibit 10 will receive a bonus up to $50,000 if he signs a contract with the team's G-League affiliate once he is waived from the parent club.
However, there is a catch. A player waived by Oct. 17 must report to his G-League affiliate by Oct. 20 and remain there for at least 60 days to receive the bonus (in addition to the G-League salary). Unlike last season when a team would incur a salary cap hit for players with partially guaranteed money who were eventually waived at the end of training camp, an NBA team will not have a cap charge for the bonus money awarded.
A player signed with an Exhibit 10 can also be converted to a two-way contract by the first day of the regular season. The bonus would then be rescinded and the two-way contract would apply.
In total, 44 players have been signed to the newly created two-way contract. Each team can have up to two such players on its roster during the season, with each player not counting toward the 15-man roster. The two-way contract does still count against the training camp roster.
A team like the Lakers can call up Alex Caruso to serve on their active or inactive for up to 45 days during the regular season. Besides his $75,000 G-League salary, Caruso would also earn a prorated minimum per day salary of $4,608 if he is called up. Once the 45 days expire, Caruso would either have to be sent back to the G-League or have his contract converted to a minimum salary. Converting the contract would require the Lakers to have an open roster spot.
A player signed to a two-way contract can also be waived during training camp.
The Bucks waived Bronson Koenig recently, only to owe the former Wisconsin star $50,000. Milwaukee would not incur a cap hit, and the Bucks G-League affiliate would be responsible for paying Koenig.
Boston Celtics
Guaranteed: 14
Non/Partial: 2 (Jonathan Holmes and Devin Williams)
Exhibit 10: 2 (Andrew White and LJ Peak)
Two-way: 2 (Kadeem Allen and Jabari Bird)
What to watch: Have a name tag when camp starts
The Celtics, a favorite in the East, had a complete overhaul to their roster this offseason. Now entering training camp, Boston returns only four players from last year's Eastern Conference finals team. Don't be surprised if the three weeks of training camp extend into the regular season as the Celtics look to establish a new starting five and bench.
Exhibit 10s and two-ways
There are 50 players who have signed a contract with the Exhibit 10, a new type of deal in the most recent collective bargaining agreement (CBA).
A player who is signed to a contract with an Exhibit 10 will receive a bonus up to $50,000 if he signs a contract with the team's G-League affiliate once he is waived from the parent club.
However, there is a catch. A player waived by Oct. 17 must report to his G-League affiliate by Oct. 20 and remain there for at least 60 days to receive the bonus (in addition to the G-League salary). Unlike last season when a team would incur a salary cap hit for players with partially guaranteed money who were eventually waived at the end of training camp, an NBA team will not have a cap charge for the bonus money awarded.
A player signed with an Exhibit 10 can also be converted to a two-way contract by the first day of the regular season. The bonus would then be rescinded and the two-way contract would apply.
In total, 44 players have been signed to the newly created two-way contract. Each team can have up to two such players on its roster during the season, with each player not counting toward the 15-man roster. The two-way contract does still count against the training camp roster.
A team like the Lakers can call up Alex Caruso to serve on their active or inactive for up to 45 days during the regular season. Besides his $75,000 G-League salary, Caruso would also earn a prorated minimum per day salary of $4,608 if he is called up. Once the 45 days expire, Caruso would either have to be sent back to the G-League or have his contract converted to a minimum salary. Converting the contract would require the Lakers to have an open roster spot.
A player signed to a two-way contract can also be waived during training camp.
The Bucks waived Bronson Koenig recently, only to owe the former Wisconsin star $50,000. Milwaukee would not incur a cap hit, and the Bucks G-League affiliate would be responsible for paying Koenig.
Boston Celtics
Guaranteed: 14
Non/Partial: 2 (Jonathan Holmes and Devin Williams)
Exhibit 10: 2 (Andrew White and LJ Peak)
Two-way: 2 (Kadeem Allen and Jabari Bird)
What to watch: Have a name tag when camp starts
The Celtics, a favorite in the East, had a complete overhaul to their roster this offseason. Now entering training camp, Boston returns only four players from last year's Eastern Conference finals team. Don't be surprised if the three weeks of training camp extend into the regular season as the Celtics look to establish a new starting five and bench.
