It’s so we get their rights and they will sign to the Stars
epoch_fail
G League Rights.
> Exhibit 10 contracts are one-year deals worth the minimum salary. They don’t come with any compensation protection, but can include an optional bonus ranging from $5K to $50K.
> Let’s say an undrafted rookie signs an Exhibit 10 contract with the Knicks that includes a $50K bonus. He attends camp with the Knicks, but is waived before the regular season begins, with New York designating him an affiliate player in order to retain his G League rights. In that scenario, if the rookie elects to play in the G League for the Westchester Knicks and remains with the club for 60 days, he’d be entitled to his full $50K bonus.
> The player wouldn’t receive that bonus if he opts to sign with a team overseas after being waived by the Knicks. Essentially, the Exhibit 10 bonus serves as an incentive for players to stick with their team’s G League affiliate — they must spend at least 60 days with the NBAGL club in order to get their bonus.
In essence, the player is “trading” their G League rights, giving exclusivity to the team that’s signing them, in exchange for the chance at the $50,000 bonus if they stick around.
jdubfarmer
The Jazz marketing/PR team is terrible…. They even put out a post thanking Cody Zeller. Thanks for what?
notsureifdying
Part of the rebuilding process is building a fire G league team.
4 Comments
It’s so we get their rights and they will sign to the Stars
G League Rights.
> Exhibit 10 contracts are one-year deals worth the minimum salary. They don’t come with any compensation protection, but can include an optional bonus ranging from $5K to $50K.
> Let’s say an undrafted rookie signs an Exhibit 10 contract with the Knicks that includes a $50K bonus. He attends camp with the Knicks, but is waived before the regular season begins, with New York designating him an affiliate player in order to retain his G League rights. In that scenario, if the rookie elects to play in the G League for the Westchester Knicks and remains with the club for 60 days, he’d be entitled to his full $50K bonus.
> The player wouldn’t receive that bonus if he opts to sign with a team overseas after being waived by the Knicks. Essentially, the Exhibit 10 bonus serves as an incentive for players to stick with their team’s G League affiliate — they must spend at least 60 days with the NBAGL club in order to get their bonus.
https://www.hoopsrumors.com/2019/07/hoops-rumors-glossary-exhibit-10-contract-2.html
In essence, the player is “trading” their G League rights, giving exclusivity to the team that’s signing them, in exchange for the chance at the $50,000 bonus if they stick around.
The Jazz marketing/PR team is terrible…. They even put out a post thanking Cody Zeller. Thanks for what?
Part of the rebuilding process is building a fire G league team.