8:33pm: Reed’s third 10-day deal with the Nuggets is now official, the team announced. With three new Nuggets players entering the protocols today, Reed’s latest contract will again be completed using a COVID-related hardship exception.
10:13am: The Nuggets are signing guard Davon Reed to a third 10-day contract using a hardship exception, reports Mike Singer of The Denver Post. The deal is expected to be finalized on Thursday prior to Denver’s game against Golden State, says Singer.
Reed, the 32nd overall pick in the 2017 draft, had been out of the NBA for the last two seasons, but made a strong impression on the Nuggets during his first two 10-day deals with the team this month. In nine games (17.1 MPG), he averaged 5.0 PPG, 3.4 RPG, and 1.2 SPG with a shooting line of .514/.438/.667.
Typically, a player is limited to no more than two 10-day contracts with the same team in a single season. However, it appears that rule has been adjusted for hardship signings.
It’s also worth noting that the Nuggets no longer have any players in the health and safety protocols, which has generally been what qualifies a team for a hardship signing in recent weeks. However, Denver has four players – Michael Porter, Jamal Murray, PJ Dozier, and Markus Howard – out with long-term injuries, which means the team is eligible for a traditional hardship exception unrelated to COVID-19.
In instances this season where hardship additions have been necessitated by players in the health and safety protocols, the NBA has allowed clubs to not have those 10-day deals count toward team salary for cap and tax purposes. As Singer tweets, it’s unclear whether or not that rule would apply to Reed’s third 10-day contract if he signs via injury hardship rather than COVID hardship.