This is my understanding—
Exhibit 10 is a non guaranteed contract at the NBA minimum salary (800k+).
An Exhibit 10 contract is good for one year and cannot be repeated.
These contracts can pay a bonus up to $50,000. Carino wrote that MP had the $50k max bonus in his deal.
If MP is waived he has a roster spot on the Knicks G-league team. The G-league salary is $35,000.
The G-league salary is in addition to the E10 bonus.
So, if Carino is correct in that MP received the max 50k bonus, he will earn a minimum of $85,000 this season if he doesn’t make the Knicks roster.
The total of $85k is the same as a 2-way contract first year salary. Of course the two way guy can be called up at any time.
If anyone has any updates to the above please provide the details.
Exhibit 10 is a non guaranteed contract at the NBA minimum salary (800k+).
An Exhibit 10 contract is good for one year and cannot be repeated.
These contracts can pay a bonus up to $50,000. Carino wrote that MP had the $50k max bonus in his deal.
If MP is waived he has a roster spot on the Knicks G-league team. The G-league salary is $35,000.
The G-league salary is in addition to the E10 bonus.
So, if Carino is correct in that MP received the max 50k bonus, he will earn a minimum of $85,000 this season if he doesn’t make the Knicks roster.
The total of $85k is the same as a 2-way contract first year salary. Of course the two way guy can be called up at any time.
If anyone has any updates to the above please provide the details.
