How Much Are 10 Day Contracts In The NBA?
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Here’s a quick rundown of how much NBA players can earn on 10-day contracts, according to Spotrac.
What is a 10-day contract?
In the National Basketball Association (NBA), a 10-day contract is a professional contract that a player signs with an NBA team for 10 days. After those 10 days have passed, the team can either release the player, sign him to another 10-day contract, or sign him for the remainder of the season.
In order to be eligible for a 10-day contract, a player must not have been on an NBA roster for more than three previous seasons. A player can only sign two 10-day contracts with the same team in one season.
The minimum salary for a player on a 10-day contract is $50,865, which is prorated based on the number of days in the contract. For example, if a player signs a 10-day contract on January 1st, they will earn $5,086 per day.
10-day contracts are typically used by NBA teams when they need to fill a short-term need or when they want to take a look at a player who might be worth signing for the rest of the season.
How much do 10-day contracts pay?
The minimum salary for an NBA player is $562,493 for the 2017/18 season. A 10-day contract earns a pro-rated share of that amount, based on the number of days in the contract. So if the minimum salary is $562,493 and a player signs a 10-day contract, he will earn $56,249 per day.
What are the benefits of signing a 10-day contract?
There are a few benefits to signing a 10-day contract:
1. It allows a player to showcase their talents for an extended period of time.
2. It gives the player an opportunity to prove themselves worthy of a longer-term contract.
3. It provides much-needed stability for players who are on the fringe of the NBA.
4. It gives teams an opportunity to evaluate talent without making a long-term commitment.
5. It allows players to sign multiple 10-day deals with different teams in a single season.
What are the drawbacks of signing a 10-day contract?
The main drawback of signing a 10-day contract is that it can be difficult to prove your worth in such a short amount of time. Because of this, many players who sign 10-day contracts end up getting cut before the end of the season.
Are 10-day contracts worth it for NBA players?
NBA 10-day contracts are worth it for players because they offer a chance to prove themselves and earn a guaranteed salary for at least part of the season. For teams, 10-day contracts allow them to take a look at players without committing to them for the rest of the season. Players on 10-day contracts earn a prorated portion of the NBA minimum salary, which is $947,276 for the 2019-20 season.
While players on 10-day contracts are not eligible for the playoffs, they can be signed to another 10-day contract or a rest-of-season deal once their first contract expires. Players who sign multiple 10-day contracts with the same team in a season can be signed to a rest-of-season deal starting at 120% of their previous salary, or for the league minimum if they make less than that.
In recent years, more and more players have been signing 10-day contracts as a way to enter the league or get back into it after time spent in the G League or overseas. For example, 19% of NBA players were on 10-day contracts at some point during the 2018-19 season.
