How Much Is A 10 Day Contract Nba?
Contents
We all know that NBA contracts are big business. But just how much do they really pay? Here’s a look at the average salary for an NBA player on a 10-day contract.
What is a 10-day contract in the NBA?
In the NBA, a 10-day contract is a contract that a player signs for 10 days with a particular team. After those 10 days are up, the team can either release the player, sign him to another 10-day contract, or sign him for the rest of the season.
How much do 10-day contracts pay?
In the NBA, 10-day contracts are typically used to bring in players for a short period of time while the team decides if they want to sign the player for the remainder of the season. The pay for a 10-day contract is 1/170th of the player’s salary for the season, pro-rated for the number of days on the contract. So, for example, a player making $1 million would earn $588 per day on a 10-day deal.
What is the difference between a 10-day contract and a standard NBA contract?
The NBA’s collective bargaining agreement has a provision that allows each team to sign two players to “10-day contracts” each season. These are short-term agreements that are used to fill roster spots on teams that have been hit by injuries or other unforeseen circumstances, such as a player being suspended.
Teams can sign a player to two 10-day contracts in a row, but after that they must either sign the player for the rest of the season or release him. Players on 10-day contracts are paid a prorated portion of the league minimum salary for each day they are under contract, and they are not guaranteed any playoff money if their team makes the postseason.
In contrast, players on standard NBA contracts are guaranteed their full salary for the season, even if they are injured or released before the end of the campaign. They also receive playoff money if their team goes deep into the postseason.
How do teams use 10-day contracts?
In the NBA, 10-day contracts are typically used to address short-term needs. For instance, if a team has a player on its roster who is injured and will be sidelined for an extended period of time, the team may sign a 10-day contract with another player to help fill the void.
10-day contracts can also be used to take a closer look at a player who may be a potential long-term fit for the team. In this scenario, the team will often assign the player to its NBA G League affiliate so that he can get some game action and continue to develop his skills. If the team likes what it sees, it can then sign the player to a standard contract.
It should be noted that very few players actually sign more than one 10-day contract with the same team. In most cases, if a team wants to keep a player beyond his initial 10-day deal, it will simply sign him to a standard contract.
What are the benefits and drawbacks of signing a 10-day contract?
The main benefit of signing a 10-day contract is that it gives the player an opportunity to prove themselves and earn a spot on the team’s regular season roster. If the player performs well, they may be signed to a longer-term contract. The downside of signing a 10-day contract is that it is generally only given to players who are not considered to be starters, meaning that they will likely have limited playing time. Additionally, if a player is not performing well, they may be released from their contract before it expires.