What is an exhibit 10 contract salary?

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What is an exhibit 10 contract salary?

An Exhibit 10 deal is a one-year, minimum-salary contract that practically guarantees a player assurance to try out for a team, which must decide before the beginning of the regular season whether to convert that Exhibit 10 contract into a longer-term deal.


How many Exhibit 10 contracts can an NBA team have?

A team can't carry more than six Exhibit 10 contracts at a time.


What is the minimum salary for a 10 day contract in the NBA?


61,000 to 175,000 dollars

How much is an NBA 10-day contract worth? NBA 10-day contracts range from 61,000 to 175,000 dollars, based on the player's experience. Essentially, the minimum salary they are eligible for is pro-rated for the length of the contract.


Using that formula, here’s the full breakdown of what salaries for 10-day deals look like in ’23/24:

Years in NBASalary
0$64,343
1$103,550
2$116,075
3$120,250
4$124,425
5$134,863
6$145,301
7$155,738
8$166,176
9$167,004
10+$183,704


Because the NBA doesn’t want teams to avoid signing veteran players in favor of cheaper, younger options, the league reimburses clubs who sign veterans with three or more years of service to 10-day, minimum-salary contracts.

In those instances, teams are on the hook for $116,075, the minimum salary for a player with two years of experience, while the NBA covers the difference. So a team would pay the same amount ($116,075) whether they sign a player with three years under his belt or a player with 12 years of NBA experience.
 
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