AUGUST 23: The signing is official, tweets Chris Vivlamore of The Atlanta Journal-Constitution.
AUGUST 2: The Hawks have reached an agreement to sign free agent forward Marcus Derrickson to an Exhibit 10 contract, reports Shams Charania of The Athletic (via Twitter).
Derrickson, 23, spent the 2018/19 season with the Warriors on a two-way contract. He appeared in just 11 games for the NBA club, averaging 4.2 PPG in limited action. However, he played a much more substantial role for the Santa Cruz Warriors, recording 13.7 PPG and 5.6 RPG on .467/.419/.841 shooting in 35 G League contests (27.2 MPG).
The Hawks, who have 13 players on guaranteed contracts, are also bringing Ray Spalding to training camp on an Exhibit 10 deal, and will likely keep adding to that list as September approaches.
If Atlanta doesn’t sign any more veteran free agents, it could open the door for Derrickson, Spalding, and other camp invitees to compete for regular season roster spots.
What is an Exhibit 10 contract?
It’s a non-guaranteed training camp contract that doesn’t count against the cap during the preseason and allows a team to either convert it into a two-way deal or to give the player a bonus if he’s released and ends up spending time with the team’s G League affiliate.
The “Exhibit 10” link in this post has a few more details on how exactly they work.