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What is an Exhibit 10 contract in the NBA? Explaining OKC Thunder deal for Jack Gohlke
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- What is an Exhibit 10 contract in the NBA? Explaining OKC Thunder deal for Jack Gohlke
As NBA Summer League play unfolds, numerous players are competing with hopes of earning a roster spot.
That includes former college standouts with the OKC Thunder Summer League team — such as Oakland guard Jack Gohlke , North Carolina guard Cormac Ryan and Bradley forward Malevy Leons . All three players were not selected in the 2024 NBA Draft and are with the Thunder reportedly on an Exhibit 10 contract .
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More: NBA Summer League 2024: OKC Thunder roster, schedule and everything else to know
What is an Exhibit 10 contract in the NBA?
The Exhibit 10 contract was introduced in the 2017 Collective Bargaining Agreement (CBA).
An Exhibit 10 contract is a one-year, minimum salary agreement that isn't guaranteed. It can also include an optional bonus of up to $75,000 that will be rewarded if a player, after he's waived, spends at least 60 days with a team's G League affiliate.
This makes the Exhibit 10 contract a helpful tool to bring in players to compete during Summer League for a roster spot on an NBA team or its G League affiliate. Each team can have up to six Exhibit 10 contracts at a time.
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An Exhibit 10 contract can then be converted into a two-way contract, which would also make the bonus money guaranteed. Each team can have a maximum of three two-way contracts, and this conversion must be done prior to the start of the regular season.
If a player on an Exhibit 10 contract is kept on the 15-man roster past the start of the regular season, his contract becomes a standard minimum deal. This is the only time it'll have an impact on the team's salary cap, since Exhibit 10 and two-way contracts don't count.
More: 10 forgotten OKC Thunder standouts over the years at NBA Summer League
This article originally appeared on Oklahoman: What is an Exhibit 10 contract? Explaining deals in NBA Summer League
