An NBA contract is a legal agreement between a player and team that outlines the terms of employment. The average NBA salary is $7.7 million, but rookies make a lot less, with salaries starting at $525,093. If a player signs a 10-day contract, they are guarantee to earn 10/183rds of their salary for that season, or about $56,000.
So if a player on a 10-day contract was making the league minimum of $898,310 per year, they would earn approximately $49,351 over the course of those 10 days. Players can sign multiple 10-day contracts with the same team in one season, but can only sign one standard NBA contract per season.
If you’re lucky enough to sign a 10-day contract with an NBA team, you can expect to earn a pretty penny. The minimum salary for an NBA player is $582,180, so a 10-day contract would pay at least $58,218. However, the average salary in the NBA is much higher than that, so most players on 10-day contracts are earning significantly more than the minimum.
Of course, the amount you ultimately earn on your 10-day contract depends on a number of factors, including your experience and skill level. If you’re a veteran player with plenty of talent, you could easily earn millions of dollars on just a 10-day deal. On the other hand, if you’re a young player or relative unknown quantity, your earnings will be much more modest.
Either way, signing a 10-day contract is definitely a financial windfall for any NBA player lucky enough to land one. So if you ever find yourself in that position, be sure to make the most of it!
NBA 10 Day Contracts and 2 Way Contracts for true dummies
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How Much Does a 10 Day Nba Contract Pay
When an NBA player is signed to a 10-day contract, they are paid the prorated portion of the league minimum salary for that season. For the 2019-20 season, the league minimum salary is $898,310. This means that a player on a 10-day contract would earn $89,831 per day.
For Example, If the League Minimum Salary is $5 Million And a Player Signs a 10-Day Contract, He Would Earn $500,000
The NBA’s minimum salary is $582,180 for the 2020-21 season. Players on 10-day contracts must be paid at least 75% of that amount, or $436,635.
Conclusion
In the NBA, 10-day contracts are typically used to fill roster spots of players who have been injured or released by their previous team. These contracts are not guaranteed, meaning that a player can be cut at any time during the 10 days. However, if a player performs well enough, they may be signed for the rest of the season.
So how much do these 10-day contracts pay?
According to Spotrac, the average salary for an NBA player on a 10-day contract is $46,000. This amount varies depending on a player’s experience and skill level.
For example, a minimum salary player would make less than $46,000 while a more experienced or talented player could make up to $100,000 on a 10-day deal.
While the money isn’t guaranteed and there’s no guarantee of playing time, signing a 10-day contract in the NBA can still be lucrative for some players. It gives them an opportunity to showcase their skills and prove that they belong in the league.
For teams, it’s a way to add talent without having to commit long-term.