In the NBA, 10-day contracts are typically used to fill roster spots for short-term injuries or other unforeseen circumstances. These deals are not guaranteed, and players can be released at any time during the 10 days without having their salary count against the cap. So, how much do these contracts pay?
The answer may surprise you. While the league minimum salary for a player with one year of experience is $898,310, a player on a 10-day contract will earn $46,179 per day. That means that a player on a 10-day contract will earn more than $460,000 over the course of the deal!
The average NBA 10-day contract pays $50,812. This is prorated based on the number of days left in the season, so a player who signs a 10-day contract on March 1st would earn about $12,703 for the remainder of the season. Players can sign two 10-day contracts with the same team in a single season before they must be signed for the rest of the season or released.
10-day contracts are often used as a way for teams to evaluate players without committing to them long-term. They can also be used as a stopgap measure when injuries strike and depth is needed. Whatever the reason, 10-day contracts provide an opportunity for players to prove themselves and potentially earn a more lucrative deal down the line.
NBA 10 Day Contracts and 2 Way Contracts for true dummies
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How Much Do 10 Day Contracts Pay in the Nba
In the NBA, 10-day contracts are typically worth around $46,000. However, this number can vary depending on a player’s experience and whether or not they have an agent. The minimum salary for an NBA player with one year of experience is $874,636, so a 10-day contract would be worth 5.3% of that.
Players with two or more years of experience make a minimum of $1,512,601, so a 10-day contract would be worth 3% of that.
For Example, If a Player Signs a 10 Day Contract Worth $50,000, He Would Earn Approximately $5,556 Per Day
According to ESPN, the average NBA salary is $7.7 million per year. However, the minimum salary a player can earn is $582,180, which is set by the NBA’s collective bargaining agreement. Players on 10-day contracts earn a prorated portion of the league minimum salary based on the number of days they are under contract.
For example, if a player signs a 10 day contract worth $50,000, he would earn approximately $5,556 per day.
Conclusion
NBA players on 10-day contracts earn a prorated portion of the league minimum salary based on the number of days they are under contract. For example, a player on a 10-day contract who is signed for the remainder of the season would earn 1/186th of the league minimum salary.