What's an Exhibit 10 Contract and How Does it Effect the Recently Waived Wizards? | Wizards Blog Truth About It.net

What Are Exhibit 10 Contracts and How Do They Affect The Wizards?

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Updated: October 15, 2018

The Washington Wizards announced on Saturday that they waived four players from their roster, but that does not necessarily mean they’re out of the Monumental Sports family. Chris Chiozza, Chasson Randle, Lavoy Allen, and Tiwian Kendley were all waived, but all four are expected to sign with Capital City Go-Go and play in the new St. Elizabeths Sports Arena.

Allen signed a training camp deal, but was selected by Capital City Go-Go in the G-League expansion draft so his rights will be retained. The other three players signed Exhibit 10 contracts with the Wizards. The Exhibit 10 contract was negotiated on behalf of the NBA Players Association during the latest Collective Bargaining Agreement. It essentially allows younger players to sign training camp deals with an NBA organization and, if they are waived, they can receive up to a $50,000 if they sign with a G-League affiliate. In order to receive that bonus, the players must spend at least 60 days with the G-League team. This is the first year that the Wizards are able to use the Exhibit 10 contracts because it is also the Go-Go’s inaugural season.

With the creation of the Go-Go, Washington became the 27th NBA team to have a G-League team directly associated with their franchise—and they are still in the process of filling out their roster before their first game against the Greensboro Swarm on November 3. Exhibit 10 contracts save the Wizards from keeping unnecessary money on their salary cap books. Last season, the Wizards incurred a salary-cap hit for players with partially guaranteed money who were eventually waived at the end of training camp. Now, the team will not have a cap charge for the bonus money awarded to players who were essentially only there for the duration of training camp.

An Exhibit 10 contract can be converted in to a two-way contract before the season starts, but that scenario is very unlikely with the Wizards considering they already have two such contracts (Devin Robinson and Jordan McRae). Washington’s three Exhibit 10 players are all promising and should be able to impact the Go-Go and propel Washington’s farm system to a positive start.

The Wizards’ most promising Exhibit 10 player is Chasson Randle, who played for Euro League champions Real Madrid last season and has two years of G-League experience with the Westchester Knicks. Randle also played eight games in the 2016-17 season with the Philadelphia 76ers and 18 games with the New York Knicks, averaging 5.3 points per game on 40 percent shooting from the field and 34 percent from 3-point range. Randle, who played Team USA basketball this summer in a World Cup Qualifying round, was acquired by the Go-Go in a trade on the day of the G-League expansion draft in exchange for the rights to Stephen Zimmerman. Of the four players waived, Randle received the most playing time during the Wizards’ five-game preseason slate, playing in three games (where he averaged 13 minutes and 54.5% shooting from the field).

Chris Chiozza and Tiwian Kindley both played on the Wizards’ summer league team in Las Vegas with the former finishing third in the Vegas Summer League in assists per game with 7.4. Chiozza has exhibited the ability to run the team as a floor general. The Go-Go staff are very high on Chiozza because of his court vision, tough-nosed defense, and big shot-making ability (on display as a First Team All-SEC performer last year). Kindley did not get as many opportunities in Summer league but distinguished himself working out for the Wizards.

It has been a long time coming for the Wizards to finally have their G-League affiliate. Having two-way roster spots filled and multiple young prospects within the franchise umbrella offers the Wizards serious roster flexibility and learning opportunities for players who could one day play in the NBA. Washington has eight players who will be coming off the books as free agents in the summer of 2019, and with the team having most of its money tied up by top players, picking out inexpensive but familiar talent will be more important than ever.

 

Troy Haliburton on Twitter
Troy Haliburton
Writer
Troy Haliburton is a native Washingtonian, and graduate of Gonzaga College High School and Morehouse College. Bylines on bylines on bylines.

Will write for food.