JULY 9: Arms has officially signed with the Nuggets, according to RealGM’s transactions log.
Arms, 23, played five seasons of college basketball, but only one for the Red Raiders. The 6’6″ guard was an honorable mention All-Big 12 selection after averaging 8.6 points, 4.4 rebounds and 2.8 assists in 37 games.
An Exhibit 10 deal is a one-year, minimum-salary contract that counts toward a team’s 20-man offseason roster limit, but doesn’t count against the cap unless the player makes the regular season roster. Although it’s not guaranteed, a player on an Exhibit 10 contract can earn a bonus of up to $50K if he’s waived and then joins his team’s G League affiliate. An Exhibit 10 contract can also be converted into a two-way deal before the start of the regular season.