MAVS NEWS:

[Mavs2021]

The Mavs already have Gortman, Sharp, and Miller on GL-intended contracts called Exhibit 10.

FAQ Explanation: If a standard NBA contract includes an attachment called Exhibit 10, the team receives the right to convert the contract to a Two-Way contract. Whether or not an eligible contract includes an Exhibit 10 is a matter of negotiation between the player and team. To be eligible to contain an Exhibit 10, a contract must be for one season at the minimum salary, with no bonuses of any kind (other than an optional Exhibit 10 bonus), and no compensation protection.

PLAYER MOTIVATION: By signing an Exhibit 10 (which in essence locks them into a GL deal with a certain team if they don't make the 15-man roster), the player will get an Exhibit 10 bonus (from $5,000 to $50,000 whose amount is a negotiated part of the contract) if he is waived by the NBA team, signs with the G-League, is assigned to the NBA team's G-League affiliate, and stays there at least 60 days. If a contract contains an Exhibit 10 bonus it must also contain a Conversion Protection Amount in the same amount (in other words, the Bonus amount is guaranteed, 

Other rules related to Exhibit 10:

• A team can have no more than six contracts that contain an Exhibit 10 in effect at any time.
  
• A contract must be converted to a Two-Way contract prior to the start of the regular season (including during the July Moratorium).
  

One aspect that may be of interest to fans of these players: a standard NBA contract with an Exhibit 10 that is converted to a Two-Way contract can later be converted back to a standard NBA contract.

Exhibit 10 bonuses are not counted as Team Salary.

If a Two-Way contract is converted to a standard NBA contract, the regular trade restriction exists for the first three months or until December 15, whichever is later  The three month period begins on the date the contract is converted.

In lieu of converting a Two-Way contract to a standard NBA contract, teams and players are also free to negotiate and sign a standard NBA contract. If a new NBA contract is signed, the Two-Way contract becomes null and void.

There you go. Thanks for posting this.