Yesterday, 01:43 AM
(10-07-2024, 06:09 PM)F Gump Wrote: That's news to me. Source?
https://www.hoopsrumors.com/2023/08/hoop...tract.html
I found this article a couple of weeks ago that says:
Quote:An Exhibit 9 contract, which is non-guaranteed and doesn’t count against the salary cap until the start of the regular season, can only be a one-year, minimum-salary deal. A team can carry up to six players on Exhibit 9 deals, but can’t sign a player to such a contract unless it has at least 14 players already under contract (not including two-way deals).
But given you questioned it, makes me dubious of the validity of the source.
https://www.spotrac.com/news/_/id/2032/e...-contracts
Spotrac actually further explains the the wording in the hoopsrumors article and clarifies it:
Quote:If a team wants to keep a player on an Exhibit 9 deal, the simplest process is to keep them on the roster for opening night. At that point, the player’s contract converts from an Exhibit 9 contract to a standard non-guaranteed contract. It begins to count against the salary cap and the luxury tax, just like any other standard contract. If the team wants to guarantee the deal, they can do so at any time. Otherwise, the contract will become fully guaranteed on the league-wide guarantee date of January 10. (In reality, contracts become fully guaranteed on January 7, because players have to clear waivers by January 10 to avoid their deals becoming fully guaranteed. Thus, the last day to waive a player on a non-guaranteed deal is actually January 7. Aren’t date-based technicalities fun?)
So I misunderstood and was mistaken. I took "doesn't count against the salary cap until the regular season" as "the contract becomes guaranteed", when in reality, it just becomes a regular non-guaranteed deal after training camp.
14x All-Star, 12x all-NBA, 1x MVP, 1x Finals MVP, 1 NBA Championship: Dirk Nowitzki, the man, the myth, the legend.