JULY 9: Grady has officially signed his Exhibit 10 contract with Denver, according to RealGM’s transactions log.
JUNE 27: Undrafted Kentucky guard Kellan Grady is signing an Exhibit 10 contract with the Nuggets, according to Kyle Tucker of The Athletic (Twitter link).
Grady spent his first four college seasons at Davidson and was the team’s primary offensive weapon across those four years, averaging 17.4 PPG with a .366 3PT% in 115 games. He transferred to Kentucky for his “super-senior” year in 2021/22 and averaged 11.4 PPG with a .415 3PT% in his 34 games (32.9 MPG) as a Wildcat.
An Exhibit 10 contract is a non-guaranteed minimum salary contract that makes the player eligible for a bonus worth up to $50K if he’s waived before the regular season begins and then joins his team’s G League affiliate. It can also be converted into a two-way deal before the season.
The Nuggets have now reportedly reached Exhibit 10 agreements with two undrafted free agents: Grady and Adonis Arms. Those signings can become official after the NBA’s new league year begins on Friday.