It looks like Tyler Ulis has found a home for next season.
Source: Warriors signing former Suns guard Tyler Ulis to an Exhibit 10 contract. He’ll be with them in camp.
— Anthony Slater (@anthonyVslater) September 22, 2018
If you were wondering what an Exhibit 10 contract is read below:
There are 50 players who have signed a contract with the Exhibit 10, a new type of deal in the most recent collective bargaining agreement (CBA).
A player who is signed to a contract with an Exhibit 10 will receive a bonus up to $50,000 if he signs a contract with the team’s G League affiliate upon being waived from the parent club.
However, there is a catch. A player waived by Oct. 17 must report to his G League affiliate by Oct. 20 and remain there for at least 60 days to receive the bonus (in addition to the G League salary). Unlike last season, when a team would incur a salary-cap hit for players with partially guaranteed money who were eventually waived at the end of training camp, an NBA team will not have a cap charge for the bonus money awarded.
A player signed with an Exhibit 10 can also be converted to a two-way contract by the first day of the regular season. The bonus would then be rescinded and the two-way contract would apply.
