Former Indiana forward Juwan Morgan signed with the Utah Jazz, the team announced on Wednesday. Morgan played with the Jazz in the NBA Summer League.
Terms were not disclosed, but according to Keith Smith of Yahoo! Sports, the deal is an Exhibit 10 contract.
According to SlamOnline, here is what a typical Exhibit 10 deal entails:
These one-year deals are often non-guaranteed, which lets NBA teams waive the player and remove their cap hit from the team payroll.
Exhibit 10 attachments allow players to earn a bonus of $5,000 to $50,000 in the event that they are waived by the NBA team, then sign a deal with that franchise’s G League affiliate* and remain with that affiliate team for 60 days.
This bonus $5,000 – $50,000 bonus, which does not count against the NBA salary cap, is in addition to the G League salary the player would also collect in this particular scenario. If a player’s Exhibit 10 contract is converted to a two-way deal, the Exhibit 10 bonus converts to guaranteed salary.
Here’s the full release from the Jazz, who also announced the signing of Trevon Bluiett:
We have signed Trevon Bluiett and Juwan Morgan. pic.twitter.com/bZOM8mJQRO
— Utah Jazz (@utahjazz) August 21, 2019
Filed to: Juwan Morgan