What you need to know about NBA creative contracts
Arizona's Rawle Alkins and Allonzo Trier are more than NBA hopefuls. After both entered the pool of undrafted free agents, Trier agreed to a two-way deal with the New York Knicks, while former teammate Rawle Alkins is reported to have an agreement with the Toronto Raptors on an Exhibit 10 contract.
Let's break down what each of those deals might entail:
Exhibit 10 contracts
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Rawle Alkins of Arizona loosens up during the NBA combine in 2017, his first of two showings at the event.
Alkins reportedly agreed with the Toronto Raptors to an “Exhibit 10” contract, a new agreement created in the 2017 collective bargaining agreement. Here’s how it works:
- Players can be given bonuses ranging from $5,000 to $50,000 for attending summer league and fall training camp.
- They are otherwise not guaranteed and pay only the minimum NBA salary if a player makes the team.
- If the player is cut, the team has the right to convert the Exhibit 10 to a standard two-way contract.
Two-way contracts
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Allonzo Trier faces the defense of Purdue's Dakota Mathias during a pre-draft workout with the Philadelphia 76ers.
Kobi Simmons and Kadeem Allen signed two-way contracts last season after leaving Arizona, and Allonzo Trier has agreed to one with New York.
Here’s how they work:
- Players with four years of service or less can sign two-way deals.
- A player can be paid up to $50,000 for attending an NBA training camp.
- He is guaranteed $75,000 if spending the entire season in the G League but can earn up to $275,000 depending on the days spent in the NBA. Two-way players are paid 1/170 of the rookie minimum contract per day ($4,798) they are in the NBA.
- Players with two-way deals essentially take the 16th and 17th roster spots on an NBA team.
- But if they spend more than 45 days in the NBA, they must be cut or converted to a regular contract. Their NBA club must terminate the two-way deal and create one of its 15 conventional roster spots for them.
