NBA 10-day contracts salary may not be enough for an experienced player or even a rookie, but it allows them to keep a foot in the league.
It’s an opportunity to showcase how valuable you can be to a team, to know if you’d be compatible with them and if their values align with yours.
While NBA 10-day contracts are of immense help to teams, it also helps players keep their career or start one.
No doubt, the salary paid for the NBA 10-day contract might not be enough, but the opportunity it provides is a promise of something more if such a team retains your services.
This article will be looking into how the NBA 10-day contract works, what the salary is for the NBA 10-day contract, and lots more.
Stick with us.
What Are NBA 10-Day Contracts?
It’s one of the common ways of signing a player that is out of contracts, and they last for 10 days of three matches – whichever lasts longer. It can also be extended if need be with wages renegotiated.
NBA 10-day contracts are kind of career lifelines thrown to NBA players that are not committed to any team.
Just like the name, an NBA 10-day contract lasts only for 10 days or for three matches, whichever is longer.
Signing a 10-day NBA contract means you become a member of the NBA team for a period of 10 days, with the option to be retained or not.
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How Does An NBA 10-day Contract Work?
The possibility of a long-term contract is another reason why clubs sign 10-day contracts. Players on 10-day contracts have the opportunity to establish themselves and show that they are valuable additions to teams.
In such circumstances, the team can easily convert the player to a long-term deal. As a result, 10-day contracts are a good approach to assess a player’s ability and compatibility before committing to making them a member of your club.
If the team does not play three games in ten days, the contract might be extended to span that time frame, with the prorated salary adjusted accordingly. Because of the NBA’s busy schedule, this only happens once a year during All-Star Weekend.
Teams can sign two 10-day contracts, but when the second one ends, they must commit for the remainder of the season or move on. These two 10-day contracts can be consecutive or separated by a period of time.
NBA teams are not obligated to keep players for the whole 10-day pact, but they must guarantee the compensation for the duration of the deal, and the cap hit must be paid by the team.
The number of 10-day contracts that an NBA team can deploy at any given moment is proportional to the number of standard contracts that the organization has on its payroll.
Teams with 15 players can sign three 10-day contracts (the entire roster), whereas teams with fewer standard deal players can sign multiple 10-day contracts.
Teams will be eager to expand their roster and acquire future rotation pieces in the second half of the NBA season, therefore 10-day contracts will be attractive.
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What Happens After a 10-Day NBA Contract
After these players’ 10-day contracts expire, the team must make a decision. They have the option of re-signing the player for a second ten-day contract, releasing them, or purchasing them for the rest of the season.
The team’s decision is sometimes influenced by the player’s performance during their run. Even if a team decides to release a player before the contract expires, they must still pay the agreed-upon wage.
The wage may or may not be the exact minimum wage, it can be higher if the player in question is experienced.
In the case of a rookie, it’s rarely seen where they get paid higher in a 10-day NBA contract. Whatever be the case, it can’t be lower than the minimum wage.
What is the 10-day Contract Salary?
When players sign a 10-day contract with an NBA team, they normally receive a higher income than the league’s minimum wage. They utilize a simple approach to determine what a player receives based on the length of the season.
The 2020/2021 season, for example, is 174 days long, thus they divide a player’s minimum wage by 174 to get the daily salary amount. The remuneration for a 10-day contract is then calculated by multiplying the daily wage by ten.
The player’s experience and, in particular, years spent in the NBA, are the key exceptions to the salary of a 10-day contract. Rookies and veterans are not the same things, and their pay scales change as well.
A rookie in the NBA may not earn more than $1 million, but veterans with at least 10 years of experience can earn more than $2.5 million.
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Why Does NBA Have 10-Day Contracts?
For a variety of reasons, NBA players can sign players to 10-day contracts. Injuries are one of the most common.
Many teams suffer from injuries, especially as the season progresses and they need to reassemble their squads to replace players who are unable to participate.
As the season progresses, some players become burnt out and unable to maintain the same level of stress. 10-day contracts are a quick remedy for overcoming roadblocks, meeting minimum roster criteria, and keeping the organization afloat.
The possibility of a long-term contract is another reason why clubs sign 10-day contracts. Players on 10-day contracts have the opportunity to establish themselves and show that they are valuable additions to teams.
In such circumstances, the team can easily convert the player to a long-term deal. As a result, 10-day contracts are a good approach to assess a player’s ability and compatibility before committing to making them a member of your club.
What is the Difference Between a 10-Day Contract and a Hardship Contract?
It’s usually very uncommon for people to mix up hardship contracts and 10-day contracts. Players can only sign with the same team twice on conventional 10-day contracts, however, they can sign with more than two teams on hardship contracts.
Another distinction is the availability of additional roster spaces on the respective teams’ rosters. In a 15-man roster, you should only have one slot for 10-day regular contracts. There is an exception to this when the NBA grants a hardship exception to the teams, allowing them to add more players.
They also differ greatly in terms of pay. While the salary on conventional 10-day contracts counts against the team’s salary cap, this is not the case with hardship 10-day contracts.
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It’s one of the common ways of signing a player that is out of contracts, and they last for 10 days of three matches.
Players can only sign with the same team twice on conventional 10-day contracts, however, they can sign with more than two teams on hardship contracts.
For a variety of reasons, NBA players can sign players to 10-day contracts. Injuries are one of the most common.
Conclusion
Signing an NBA 10-day contract might not be what you looking for as a rookie or experienced non-committed NBA player, but it’s better than nothing.
The NBA 10-day contract salary can keep you going for a while until something happens or receive that call.
Whatever be the case, seeing it as an opportunity for something better will keep your mind right, and help you keep your body in shape, and ready to work when called upon.
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