According to Michael Scotto of the Athletic, Juwan Morgan has signed an Exhibit 10 contract with the Utah Jazz for this upcoming NBA season. The former Hoosiers played for the Utah Jazz in the NBA Summer League after the Jazz picked up Juwan Morgan as an unrestricted free agent.
In the Salt Lake City segment of the NBA Summer League, Juwan Morgan appeared in 2 games and averaged 16 minutes per game. He only scored a single free throw but averaged 3 rebounds per game and 1.5 assists.
Juwan Morgan played in four games in Las Vegas, where he had more success. There he averaged 6.8 points and 5.5 rebounds in just 17.3 minutes per game.
What is an Exhibit 10 Contract?
If you don’t know what an Exhibit 10 contract is, you are likely not alone. Exhibit 10 contracts were newly introduced by the latest collective bargaining agreement with the NBA.
Undrafted rookies have an opportunity to sign contracts with an Exhibit 10 clause, which is how these contracts got their name.
Contracts with the clause are one-year deals that are worth the minimum salary. None of the salary is guaranteed, but there are often compensation bonuses tied to the player sticking with the team (or their G-League affiliate) for a certain period of time. These bonuses can range anywhere from $5,000 to $50,000.
In short, Juwan Morgan may have a bonus associated with staying with the Jazz or their G-League affiliate (Salt Lake City Stars) for a number of days. The details on the exact time requirements from the contract have not yet been released.
Before the start of the season, these Exhibit 10 contracts can be converted to formal two-way contracts, where a player can spend time both on a team’s NBA and G-League roster. This type of conversion has to take place before the start of the season.
Other noteworthy considerations, a team can only retain six Exhibit 10 contracts at a given time. Second, a team that pays out the Exhibit 10 bonus does not count towards the NBA salary cap. Lastly, if a player has a converted two-way contracts, that can later be then converted once more into a standard NBA contract.
Featured Photo: IndianaHQ