7:58pm: The Raptors officially signed and waived Moore, per NBA.com’s transaction log.
11:17am: Omari Moore will be signed and waived by the Raptors as the last Exhibit 10 player for their G League affiliate, tweets Blake Murphy of Sportsnet.ca.
Because the move will occur today rather than Saturday, Moore will receive one day of salary while being on waivers for the first day of the regular season, Murphy adds. That will push the team about $12K closer to the luxury tax, according to John Hollinger of The Athletic (Twitter link).
The 23-year-old shooting guard was waived by Milwaukee on Wednesday. He signed a two-way contract with the Bucks in July after going undrafted out of San Jose State.
The Exhibit 10 contract gives Moore an opportunity to earn a bonus worth up to $75K if he spends at least 60 days with Raptors 905.
Wow that is terrible news for Grizzlie fans. Might put them out of the west.
1 day of service is closer to 6K (1/174 of 1,119,563)
For tax purposes, he’d count as $11,608 (1/174th of $2,019,706), since UDFAs with less than two years of experience have their salaries taxed at the two-year vet rate.
Interesting. Thanks for clarifying