How Much Do NBA 10-Day Contracts Pay?

Check out this blog post to learn how much NBA 10-day contracts pay and the benefits that come with them.

What is a 10-day contract?

A 10-day contract in the NBA is a contract that a team can sign a player to for 10 days. This allows teams to see if a player is a good fit for their team without having to commit to a long-term contract. These contracts are typically used for players who are not currently under contract with an NBA team, but have shown enough talent to warrant a look from an NBA team.

Players on 10-day contracts are paid prorated amounts based on the amount of the season that has already elapsed, and they are only eligible to play in games during that 10-day period. For example, if a player signs a 10-day contract on January 1st, they would be paid 1/162nd of the league minimum salary for each day they are on the contract, and they would only be eligible to play in games until January 10th.

Once a player completes their 10-day contract, the team can choose to either sign them to another 10-day contract, sign them for the rest of the season at a prorated salary, or release them. Players can only sign two 10-day contracts with the same team in one season before they must be signed for the rest of the season or released.

How much do 10-day contracts pay?

NBA 10-day contracts are typically worth $50,000 to $100,000, depending on the player’s experience and value to the team.

Minimum Salary

The minimum salary for a player on a 10-day contract is $50,752, which is 84.7 percent of the prorated rookie scale. A total of $90,681 is the maximum amount that can be earned by a player on two 10-day deals with the same team.

Maximum Salary

The maximum salary for a player on a 10-day contract is $50,800, which is prorated for the number of days the contract covers. For example, if a player signs a 10-day contract on Jan. 1, he would earn $5,080 per day for the first 10 days. If the same player signed another 10-day contract on Jan. 11, he would earn $4,170 per day for those 10 days.

In order to sign a10-day contract, a team must have an open roster spot, and teams are limited to signing two players to 10-day contracts in any given season.

What are the benefits of a 10-day contract?

The main benefit of a 10-day contract is that it allows players to sign with an NBA team for a short period of time and receive a pro-rated portion of the league minimum salary. This can be beneficial for both the player and the team, as it gives the player a chance to prove themselves at the NBA level and earn a larger contract down the line, while also giving the team flexibility in terms of roster management. In addition, 10-day contracts do not count against a team’s salary cap.

How to sign a 10-day contract?

According to Sportrac, the average NBA salary for the 2019-2020 season is $7.7 million. The minimum NBA salary for the 2019-2020 season is $898,310. However, most NBA players make much more than the minimum.

In order to sign a 10-day contract, a player must first clear NBA waivers. Waivers are a process that allows teams to release players without having to pay their entire guaranteed salary. Once a player clears waivers, they become an unrestricted free agent and can sign with any team.

Teams can sign players to 10-day contracts at any point during the season, but most 10-day contracts are signed in January and February. This is because teams are only allowed to sign each player to two 10-day contracts per season. After signing two 10-day contracts with the same team, the player must either be signed for the rest of the season or released.

The prorated portion of the minimum salary for a 10-day contract is $46,606. This means that if a player signs a 10-day contract on January 1st, they will be paid $46,606 for each day they are on the contract (10 x $46,606 = $466,060).

Some players who sign 10-day deals end up receiving multi-year contracts from their teams if they perform well while on their initial deal. For example, guard Bobby Brown recently signed a two-year deal with the Minnesota Timberwolves after impressing them on two separate 10-day contracts.

NBA 10-day contract rules

NBA 10-day contracts can be worth up to $50,000, pro-rated based on the number of days in the contract. The league minimum salary for a player on a 10-day contract is $8, comfortable for most players but a relative bargain for the team.

In order to sign a player to a 10-day contract, an NBA team must have an open roster spot. A team can have no more than 20 players under contract at any given time, so if they wish to sign a free agent or call-up a player from the G League, someone else on the roster must be released or traded first.

Once signed, a player can be on his 10-day contract for a maximum of ten days (not counting any days where games are not played, such as All-Star break). If the team wants to keep him beyond that point, they must either sign him for the rest of the season or release him.

If multiple teams want to sign a player to a 10-day contract, he is free to choose which offer he accepts. However, once he signs with one team, he cannot be signed by another team for the rest of that season unless he is first released by the original team.