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Offseason Observations: Exhibit 10 Terms, Okoro, Current FAs, Stretch Provision

September 20th, 2024 at 5:36pm CST by Luke Adams

With the start of most NBA training camps just 11 days away (and even sooner than that for the Celtics and Nuggets), the 2024 offseason is nearing its end.

Before we put a bow on the summer of 2024, we have one more installment of our "Offseason Observations" to share today, following up on similar articles published in July and August.

Here are some of the under-the-radar cap- and CBA-related stories I'm keeping an eye on as teams around the league prepare for their media days and training camps.

The disparity between Exhibit 10 bonuses

As we've written many teams in recent weeks, when a player signs an Exhibit 10 contract with an NBA team, is waived before the regular season begins, and then spends at least 60 days with his club's G League affiliate, he's eligible to earn a bonus worth up to $77.5K.

We always clarify that those bonuses can be worth "up to" $77.5K because that's the maximum possible Exhibit 10 bonus in 2024/25 (up from $75K a year ago, having increased at the same rate as the salary cap). But not every player who signs an Exhibit 10 contract is able to negotiate that maximum bonus.

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Magic Waive Tre Scott, Myron Gardner

September 19th, 2024 at 7:16pm CST by Luke Adams

The Magic have placed a pair of players on waivers, cutting forwards Tre Scott and Myron Gardner, according to the NBA’s official transaction log.

Scott, who has played professionally since 2020, has spent time in Puerto Rico, France, and Canada but has primarily competed in the G League in recent years. He split last season between the Greensboro Swarm and the Osceola Magic (Orlando’s affiliate), averaging 8.0 points, 4.6 rebounds, and 1.1 assists in 22.6 minutes per game across 41 total appearances.

Gardner also played for Osecola in 2023/24, appearing in 47 Showcase Cup and regular season games for the team. He posted averages of 5.4 points, 4.4 rebounds, and 1.1 assists in 15.4 minutes per contest, with a shooting line of .425/.317/.600.

Both Scott and Gardner also played for Orlando’s Summer League team in Las Vegas this July. Because the Magic hold both players’ G League returning rights, Scott and Gardner will be in line for Exhibit 10 bonuses if they reported back to Osceola and spend at least 60 days with the NBAGL club this season.

Orlando now has 18 players under contract, including 15 on guaranteed deals, Trevelin Queen on a two-way pact, and Jarrett Culver and Jalen Slawson on Exhibit 10 contracts. The team figures to fill out its 21-man roster before training camp begins.

Magic Sign Jarrett Culver, Two Others To Exhibit 10 Deals

September 11th, 2024 at 7:34pm CST by Alex Kirschenbaum

7:43pm: The Magic have confirmed the new signings in a press statement (Twitter link).

7:34pm: Free agent journeyman guard Jarrett Culver has agreed to a deal with the Magic, his agents BJ Bass and Cam Brennick inform Michael Scotto of HoopsHype (Twitter link).

Jason Beede of The Orlando Sentinel reports (via Twitter) that Culver’s contract will include Exhibit 10 language and reveals that free agent forwards Tre Scott and Jalen Slawson are also signing Exhibit 10 training camp deals.

The Suns selected Culver, a 6’6″ shooting guard/small forward out of Texas Tech, with the No. 6 pick in the 2019 draft and sent him to the Timberwolves in a draft-night deal. The 25-year-old has since also suited up for the Grizzlies and Hawks. Across 144 regular season NBA contests (43 starts), Culver has averaged 6.5 points on .401/.276/.509 shooting splits. He also registered averages of 2.8 rebounds, 1.2 assists and 0.7 steals per game.

Scott, 27, has mostly suited up for G League affiliate teams since going undrafted out of Cincinnati in 2020. All told, he has appeared on one 10-day hardship deal with the Cavaliers during the 2021/22 season, earning minutes in a pair of NBA games.

The 24-year-old Slawson was drafted by the Kings out of Furman with the No. 54 pick in 2023. Sacramento inked the 6’7″ wing to a two-way contract. He played in 12 games for the Kings during the 2023/24 season, averaging a scant 3.1 minutes per contest.

Orlando has a tandem of two-way contract slots available heading into training camp. According to Beede, Scott and Slawson will now compete against previously-announced signings Myron Gardner and Mac McClung for those two openings. As Beede tweets, Culver will be ineligible to compete for a two-way deal because he has too many NBA years of service.

Exhibit 10 deals can be converted into two-way agreements ahead of an NBA season. If, however, a player is waived by a team, they’ll still have access to a bonus worth as much as $77.5K — provided they spend at least 60 days with their club’s G League affiliate.

Hornets Sign Theo Maledon To Two-Way Deal, Waive Three Players

September 29th, 2023 at 4:58pm CST by Rory Maher

4:58pm: Maledon’s contract is official, according to NBA.com’s transaction log.

In order to make room for Maledon and Edmond Sumner, who is signing a non-guaranteed one-year deal, Charlotte released Angelo Allegri, Tre Scott and Jaylen Sims. All three players were on Exhibit 10 contracts and will likely be heading to the G League.

4:17 pm: Free agent guard Theo Maledon is returning to the Hornets on a two-way contract, sources tell Rod Boone of The Charlotte Observer (Twitter link).

ESPN’s Adrian Wojnarowski confirms the news (via Twitter).

The Hornets gave Maledon a two-way qualifying offer at the end of June, making him a restricted free agent. He was the last restricted free agent left on the board this offseason, and likely just accepted his QO ahead of training camp.

The French point guard was the 34th overall pick of the 2020 draft. He spent his first two NBA seasons with the Thunder, but was traded to Houston prior to last season. The Rockets waived Maledon, and he signed a two-way deal with Charlotte a few days later.

Maledon averaged 6.7 PPG, 3.5 APG and 2.8 RPG in 44 games for the Hornets in 2022/23 (19.4 MPG), posting a .402/.297/.851 shooting slash line. Overall, he has appeared in 160 NBA games.

The Hornets will have to release someone to make room for Maledon, as their roster is currently at the offseason maximum of 21 players under contract. The 22-year-old will fill the team’s final two-way spot.

Hornets Sign Jaylen Sims, Three Others

September 8th, 2023 at 7:39am CST by Luke Adams

The Hornets have officially signed four players, the team announced this week in a press release. While the Hornets didn’t reveal the terms of the deals in their release, Jaylen Sims, Tre Scott, Nathan Mensah, and Angelo Allegri all received Exhibit 10 contracts, Hoops Rumors can confirm.

Sims, who went undrafted out of UNC Wilmington in 2022, spent training camp last fall with the Hornets, then was waived at the end of the preseason. The 6’6″ wing spent his rookie year with the Greensboro Swarm, Charlotte’s G League affiliate, averaging 10.1 points, 4.3 rebounds, and 2.4 assists 25.3 minutes per night across 39 Showcase Cup and regular season games.

Sims is the only one of Charlotte’s new additions whose deal wasn’t previously reported. Scott reached an agreement with the team in August, while Mensah and Allegri agreed to terms with the Hornets right after June’s draft.

Scott appeared in two NBA games for Cleveland during the 2021/22 season but has primarily played in the G League and overseas since going undrafted out of Cincinnati in 2020. Mensah and Allegri went undrafted this June out of San Diego State and Eastern Washington, respectively. Mensah was a two-time Mountain West Conference Defensive Player of the Year with the Aztecs.

The Hornets now have a full 21-man offseason roster. Their squad features 13 players on fully guaranteed contracts, one (Frank Ntilikina) with a partial guarantee, one (JT Thor) on a non-guaranteed deal, a pair on two-way contracts, and four on Exhibit 10 pacts.

Charlotte also reportedly reached an agreement on a non-guaranteed contract with R.J. Hunter. The club will have to make a cut at some point if it still intends to complete that deal — if the signing is just for G League purposes, it may not happen until sometime in October.

Sims, Scott, Mensah, and Allegri will likely all end up being waived and reporting to the Swarm for the start of the NBAGL season. Spending at least 60 days with the Hornets’ G League affiliate would allow each player to earn a bonus worth up to $75K.

It’s worth noting, since Charlotte has one two-way slot available, that Exhibit 10 contracts can be converted into two-way deals anytime prior to the first day of the regular season. However, the Hornets still have a two-way qualifying offer on the table to Theo Maledon, so they may envision him being the one to eventually fill that opening.

Hornets, Tre Scott Agree To Exhibit 10 Contract

August 17th, 2023 at 3:00pm CST by Rory Maher

The Hornets are signing free agent forward Tre Scott to an Exhibit 10 contract, according to Michael Scotto of HoopsHype (Twitter link).

Scott, who went undrafted out of Cincinnati in 2020, signed with French club Fos Provence Basket last summer. However, after he struggled to find success overseas, averaging modest totals of 7.0 PPG and 3.8 RPG on a poor .381/.169/.784 shooting line in 21 LNB Pro A games (20.1 MPG), the 26-year-old returned stateside and finished out 2022/23 with the Greensboro Swarm, Charlotte’s NBA G League affiliate.

The 6’8″ forward played much better with the Swarm, averaging 17.4 PPG, 6.9 RPG and 2.8 APG on .538/.340/1.000 shooting in 10 regular season games (34.5 MPG). Scott spent most of his first two professional seasons in the NBAGL, playing for the Salt Lake City Stars, the Agua Caliente Clippers of Ontario, and the Cleveland Charge.

Scott also made a brief NBA appearance with the Cavaliers during the COVID-19 outbreak in December 2021. He signed a 10-day hardship contract and got in two games, scoring six points and grabbing a couple rebounds in 11 total minutes of action.

The most likely outcome is that Scott will be waived by the Hornets before the 2023/24 season begins. In that scenario, he could receive a bonus worth up to $75K if he spends at least 60 days with the Swarm.

The Hornets have a lot of roster uncertainty at the moment. While they only have 12 players on guaranteed standard contracts and a pair on two-way deals, they also have three players on non-guaranteed deals (JT Thor, Kobi Simmons, and Frank Ntilikina), an unsigned draft pick (James Nnaji) and a pair of restricted free agents (P.J. Washington, Theo Maledon) who have yet to sign new contracts.

And-Ones: T. Scott, 2023 Draft, ’23 Cap, Freedom

August 1st, 2022 at 2:54pm CST by Luke Adams

NBA and G League veteran Tre Scott is headed overseas for the 2022/23 season, having signed with Fos Provence Basket, the French team announced in a press release.

Scott, who went undrafted out of Cincinnati in 2020, has spent most of his first two professional seasons in the NBAGL, playing for the Salt Lake City Stars, the Agua Caliente Clippers of Ontario, and the Cleveland Charge.

The 6’8″ forward earned a call-up to the NBA last December during the league’s COVID-19 outbreak, signing a 10-day hardship deal with the Cavaliers. He appeared in two games for the Cavs during his brief NBA stint, scoring six points and grabbing a couple rebounds in 11 total minutes of action.

Here are a few more odds and ends from around the basketball world:

Jonathan Wasserman of Bleacher Report shares his first 2023 mock draft, headed by French big man Victor Wembanyama and G League Ignite guard Scoot Henderson. Overtime Elite wing Amen Thompson, Duke swingman Dariq Whitehead, and Villanova forward Cam Whitmore round out Wasserman’s initial top five.
Yossi Gozlan of HoopsHype takes a look at the teams currently projected to have the most cap room in 2023, including the Spurs, Rockets, Pistons, and Magic.
In an interview with Israeli outlet Walla, free agent center Enes Freedom said he hasn’t received any offers from NBA teams this offseason (hat tip to Johnny Askounis of Eurohoops). Freedom attributed that lack of NBA interest to the comments he has made denouncing China, though it’s worth noting that his minutes were already on the decline due to his subpar outside shooting and defense.

Cavaliers Sign Brandon Goodwin To 10-Day Deal

December 31st, 2021 at 2:32pm CST by Luke Adams

2:32pm: In their press release confirming the Goodwin signing, the Cavaliers announced that they terminated Scott’s 10-day contract one day early.

11:12am: The Cavaliers have signed guard Brandon Goodwin to a 10-day contract, according to NBA.com’s official transactions log. The deal will run through January 9, covering Cleveland’s next five games.

Goodwin, 26, has appeared in 97 NBA games since 2018 for Denver and Atlanta, averaging 4.7 PPG and 1.6 APG in 97 games (11.4 MPG). He had been playing for the Westchester Knicks in the G League this season, putting up 15.3 PPG, 7.0 APG, 5.1 RPG, and 1.9 SPG in seven contests (35.1 MPG) for New York’s affiliate.

The Raptors reportedly reached a deal earlier in the month to sign Goodwin, but it was never formally completed. It appeared that Goodwin didn’t pass the COVID-19 screening process at the time. However, if he did test positive for the coronavirus, he has since been cleared.

As of Thursday, the Cavaliers only had two players left in the health and safety protocols: Darius Garland and Cedi Osman. Cleveland already has two hardship additions – Tre Scott and Malik Newman – on its roster, so the signing of Goodwin means the team either ended one of those deals early or has at least one more player entering the protocols today. Scott’s 10-day deal is set to expire after tonight’s game.

Cavaliers Sign Tre Scott To 10-Day Deal

December 22nd, 2021 at 10:00am CST by Luke Adams

The Cavaliers have signed free agent forward Tre Scott to a 10-day contract using a hardship exception, the team announced today in a press release. Scott’s deal will run through December 31.

Scott, 25, went undrafted out of Cincinnati in 2020 and spent his rookie season with Utah’s G League affiliate, the Salt Lake City Stars. In 15 games for the Stars, the 6’8″ forward averaged 10.1 PPG, 5.3 RPG, and 2.1 APG on .443/.296/.714 shooting in 29.3 minutes per contest.

Scott played for the Cavs in the Las Vegas Summer League earlier this year and then joined the Cleveland Charge, the Cavs’ NBAGL affiliate. He has averaged 14.1 PPG, 6.0 RPG, and 2.4 APG on .442/.333/.714 shooting in 10 G League games (34.4 MPG) this season.

Cleveland has now added three players this week via the hardship exception, with Scott joining Luke Kornet and Justin Anderson. The Cavs currently have eight players in the health and safety protocols, so they’re eligible to sign a few more replacement players if they so choose.

Cavaliers Waive Tre Scott

September 15th, 2021 at 5:44pm CST by Arthur Hill

Tre Scott, who signed a non-guaranteed training camp contract with the Cavaliers last week, has been waived by the team, according to NBA.com’s transactions log.

The 24-year-old forward signed with the Jazz in 2020 after going undrafted out of Cincinnati and played for the Salt Lake City Stars in the G League, averaging 10.1 points and 5.3 rebounds in 15 games. He also played five games for Cleveland last month in the Las Vegas Summer League.

Scott was one of six players who signed non-guaranteed contracts with the Cavs this summer. His departure leaves the team with 17 players under contract – including 10 fully guaranteed and one two-way – plus reported agreements with Denzel Valentine and Kevin Pangos.