剛剛!Cui Yongxi signs an Exhibit 10 contract with the Trail Blazers!
Now, let me quickly explain what this "Exhibit 10 contract" that Cui signed is all about!
Essentially, an Exhibit 10 contract is a "one-year minimum salary contract with an Exhibit 10 clause, which only includes the Exhibit 10 bonus (more details about this bonus will be explained later) and no other bonuses." Strictly speaking, Exhibit 10 is just a clause, not a type of contract. However, in news reports, to easily distinguish contracts with the Exhibit 10 clause from regular minimum salary contracts without it, journalists often combine "Exhibit 10" and "contract" together.
Here are some rules regarding Exhibit 10 contracts:
1. Exhibit 10 contracts do not count towards the team salary cap.
2. NBA teams can convert Exhibit 10 contracts into two-way contracts, but this must be done before the start of the regular season. Once converted, they can also be converted into regular NBA contracts.
3. NBA teams without affiliate teams in the G League cannot sign players to Exhibit 10 contracts.
4. Each NBA team is limited to a maximum of six Exhibit 10 contracts. Exhibit 10 contracts cannot be re-signed or extended in advance.
5. If a player who signed an Exhibit 10 contract is waived by an NBA team and then joins the team's G League affiliate and remains there for at least 60 days, the player can earn a bonus ranging from $5,000 to $50,000 (this is the aforementioned Exhibit 10 bonus).
6. If an Exhibit 10 contract is converted into a two-way contract, the above-mentioned bonus ranging from $5,000 to $50,000 becomes fully guaranteed salary.
For Cui, in an ideal situation, this Exhibit 10 contract provides him with the opportunity to impress the Trail Blazers with his performance and earn a promotion to a two-way contract, thus setting a good foundation for his future development! Come on, Cui!