2022/23 NBA Two-Way Contract Conversions

At Hoops Rumors, we track virtually every kind of transaction, including free agent signings, trades, contract extensions, waiver claims, and many more. One form of roster move that has become increasingly common in recent years is the two-way conversion, involving a player either being converted from an Exhibit 10 contract to a two-way deal, or from a two-way deal to the standard roster.

We’re going to track all of the two-way conversions (either to or from the standard roster) in 2022/23 in the space below.

Let’s dive in…


Exhibit 10 contracts to two-way contracts:

When a player signs a contract during the offseason that includes Exhibit 10 language, he gives his new team the ability to unilaterally convert his deal into a two-way contract. The deadline to convert such a deal is the day before the season begins — this year that was Monday, October 17.

A player who signs a training camp contract that doesn’t include Exhibit 10 language could still sign a two-way deal with his club as long as his camp contract doesn’t include a guarantee exceeding $50K. However, he’d have to clear waivers before inking that new two-way contract.

Here are the players who had their Exhibit 10 contracts converted into two-way deals in 2022/23:

Most of these players were invited to training camp on Exhibit 10 contracts and ultimately earned two-way slots based on their performances in camp and the preseason. However, there are a few exceptions.

Butler had his Exhibit 10 contract converted into a two-way deal early in October, then was waived by the Pelicans at the end of the preseason. It’s possible New Orleans was still negotiating with second-rounder E.J. Liddell at that point and only decided to cut Butler after Liddell agreed to accept a two-year, two-way contract.

Days was in camp with the Heat, but was waived by Miami and claimed by the Rockets, who converted his Exhibit 10 contract to a two-way deal.

Fernando’s conversion from an Exhibit 10 to a two-way was completed for procedural reasons. Doing so allowed the Rockets to negotiate a new standard contract with Fernando (as detailed below) without having to waive him.


Two-way contracts to standard contracts:

A player who is on a two-way contract can have his deal unilaterally converted a one-year, minimum-salary contract by his team (or a two-year, minimum-salary contract if the player’s two-way deal covers two years, but this is rare).

Generally though, the team’s preference is to negotiate a longer-term contract with the player in order to avoid having him reach free agency at season’s end.

When converting a player from a two-way contract to the standard roster, the team can use cap room or the non-taxpayer mid-level exception to negotiate a deal of up to four years; the taxpayer mid-level exception for a deal up to three years; or the room exception, bi-annual exception, or minimum salary exception for a two-year deal.

The player must agree to any deal that is worth more than the minimum or exceeds the number of years left on his two-way pact.

Here are the players who have been converted from two-way deals to standard contracts this year, along with the terms of their new contracts, in chronological order:

  • Jericho Sims (Knicks): Three years, $5,660,082 (story). First year guaranteed. Second year partially guaranteed ($600K). Third-year team option.
  • Bruno Fernando (Rockets): Four years, $10,869,564 (story). First year guaranteed. Second and third years non-guaranteed. Fourth-year team option.
  • Darius Days (Heat): One year, minimum salary (story). Non-guaranteed. Exhibit 10.
    • Note: Days was subsequently waived by the Heat and claimed by the Rockets, who converted him back to a two-way contract (as noted above).
  • Eugene Omoruyi (Thunder): Two years, minimum salary (story). First year guaranteed. Second-year non-guaranteed team option.
  • Charles Bassey (Spurs): Four years, $10,200,000 (story). First two years guaranteed. Third and fourth years non-guaranteed.
  • Admiral Schofield (Magic): Two years, minimum salary (story). First year guaranteed. Second-year team option.
  • Trevor Keels (Knicks): 10-day contract (story).
  • Ish Wainright (Suns): Two years, $2,402,747 (story). First year guaranteed. Second-year team option.
  • Jordan Goodwin (Wizards): Three years, $4,920,240 (story). First year guaranteed. Second year partially guaranteed. Third-year partially guaranteed team option.
  • Bryce McGowens (Hornets): Four years, $7,002,014 (story). First two years guaranteed. Third year partially guaranteed. Fourth-year team option.
  • Lindy Waters (Thunder): Two years, $3,855,792 (story). First year guaranteed. Second-year team option.
  • Sandro Mamukelashvili (Spurs): One year, minimum salary (story).
  • Carlik Jones (Bulls): Three years, minimum salary (story). First year guaranteed. Second and third years non-guaranteed.
  • DaQuan Jeffries (Knicks): 10-day contract (story).
  • Anthony Lamb (Warriors): One year, minimum salary (story).
  • David Duke (Nets): One year, minimum salary (story).
  • Kobi Simmons (Hornets): Two years, minimum salary (story). First year guaranteed. Second year non-guaranteed.
  • Kenneth Lofton Jr. (Grizzlies): Four years, $6,927,014 (story). First two years guaranteed. Third year non-guaranteed. Fourth-year non-guaranteed team option.

Players on two-way contracts can be converted to standard deals until the last day of the regular season, so we expect to add many more players to this second list in the coming months.

Southwest Notes: Wood, Tate, Pelicans, Spurs

Mavericks star Luka Doncic likes what he has seen from new teammate Christian Wood so far this season, as Brad Townsend of The Dallas Morning News writes. Wood has racked up 50 points and 20 rebounds in just 49 minutes of action in his first two games with Dallas.

“He’s a great player,” said Doncic, who has a +26.3 net rating when sharing the court with Wood. “He listens to us. He accepts his role, and he’s just doing amazing stuff out there. It’s only two games, but he’s going to be very good for us.”

Wood, who has come off the bench so far, is making a strong case to be promoted to the starting five, but the Mavericks are unlikely to make any immediate changes to their lineup, according to Tim Cato of The Athletic. Dallas’ coaching staff wants to assess its current rotation across a larger sample before drawing any conclusions, Cato explains.

“We’ll look at a 10-game stretch, maybe,” head coach Jason Kidd said. “We can’t do two games and figure that’s the way we’re going to roll. You don’t get enough data.”

Let’s round up a few more items from around the Southwest…

  • Barring a setback, Rockets forward Jae’Sean Tate will return to action on Wednesday in Utah, sources tell Kelly Iko of The Athletic (Twitter link). Tate, who signed a new three-year contract with Houston in the offseason, has been on the shelf for the team’s first four games of the season due to a right ankle injury.
  • Brandon Ingram (concussion protocol), Zion Williamson (right posterior hip / low back contusion) and Herb Jones (right knee hyperextension) have all been ruled out for the Pelicans‘ game vs. Dallas on Tuesday, the team announced (via Twitter). All three players were initially listed as questionable, so they’ll presumably be considered day-to-day going forward.
  • The Spurs, widely expected to be a player in the Victor Wembanyama sweepstakes, are off to a 3-1 start this season. Swingman Devin Vassell admitted after Monday’s win in Minnesota that the outside expectations for the team have been a motivating factor. “I try not to listen to the outside noise, but I’m not going to lie, it does get frustrating when everybody is talking about tanking, tanking, tanking,” Vassell said, according to Tom Orsborn of The San Antonio Express-News. “We are professional athletes. We all want to play. We all want to win. And that’s how we are going to approach every game.”

Bulls Notes: Jones, Reserves, Caruso, Williams

After being held out of the Bulls‘ first two games, Derrick Jones Jr. is trying to prove he deserves regular playing time, writes Rob Schaefer of NBC Sports Chicago. Jones helped change the course of Monday’s win over the Celtics, scoring 10 points in the second quarter during his eight minutes on the court as Chicago turned a nine-point deficit into a seven-point lead. He also made an impact on defense as Boston managed just 15 points in the quarter.

Schaefer notes that Jones might not still be with the Bulls if their offseason pursuit of free agent Danilo Gallinari had been successful. Instead, Gallinari signed with the Celtics and Jones returned to Chicago on a one-year, $3.3MM contract that could turn into a bargain.

“I’ve been through this many times throughout my career,” Jones said of having to fight for a rotation role. “It’s not the first time. I’m good. … Always working. We stay in the gym, even the guys that get low minutes, we stay in the gym.”

There’s more from Chicago:

  • Jones wasn’t the only Bulls reserve who played well Monday, notes Darnell Mayberry of The Athletic. The team also got contributions from Goran Dragic, Alex Caruso, Javonte Green and Andre Drummond as Chicago’s bench has been an early-season bright spot. “We dug ourselves a hole in that second quarter, but I give our second unit a lot of credit,” coach Billy Donovan said. “I thought those guys came in and really played with great energy and great enthusiasm and kind of turned the game.”
  • Caruso isn’t on an official minutes restriction, but Donovan is closely monitoring his playing time, per Joe Cowley of The Chicago Sun-Times. Last season, Caruso averaged more minutes in losses than in wins, and the coaching staff wants to make sure he doesn’t burn himself out with his aggressive style of play.
  • Patrick Williams‘ frustrating start to the season continued Monday, but he’s not in any immediate danger of losing his starting spot, according to Julia Poe of The Chicago Tribune. Williams played just 15 minutes against Boston, contributing four points and three rebounds, but Donovan offered support after the game. “Since he’s gotten into the league, he’s been always guarding the team’s best players and he’s always taken it on,” Donovan said. “He’s never batted an eye. I think he has really incredible potential in the future and we all believe in him. This is a process where the more that keeps getting thrown at him competitively, he has to respond.”

Atlantic Notes: Boucher, Achiuwa, Curry, Sixers, Mazzulla

While Chris Boucher would rather have been playing in the Raptors‘ first three games, the veteran forward/center found a silver lining in having to sit out with a hamstring injury, as Doug Smith of The Toronto Star relays.

“To be honest with you, I feel like it was good for me just to see what I can bring to the team, sitting down and watching,” Boucher said on Monday before returning to the Raptors’ lineup in Miami. “If I was playing and we were losing games, I probably wouldn’t see as much.”

Boucher got into quick foul trouble in his season debut on Monday, picking up five fouls in just 12 minutes of action. But he was effective in his limited role, scoring 10 points on 4-of-5 shooting in a Raptors victory.

Here’s more from around the Atlantic:

  • The Raptors got a big night out of Precious Achiuwa against his old team on Monday, as he grabbed 22 rebounds against the Heat. While the team isn’t expecting regular 22-rebound nights from Achiuwa, head coach Nick Nurse wants to see him produce more consistently. “I always say you can play good, like one out of three games, right? It’s got to get bumped up to two out of four, then three out of five,” Nurse said, per Doug Smith of The Toronto Star. “No one is going to play great every night but we got to start making some progression where there’s some consistency there.”
  • Nets sharpshooter Seth Curry, who continues to work his way back from offseason ankle surgery, is getting closer to making his season debut, according to head coach Steve Nash. “(Curry) traveled and we’re just monitoring him still. He’s doing well,” Nash said on Monday, per Brian Lewis of The New York Post. “I’d say he’s out for Wednesday, but we’ll see whether Thursday, Saturday or the subsequent games. It’s coming soon.”
  • After averaging an NBA-low 11.3 bench points in their first three games (all losses), the Sixers got 36 points from their reserves in their first win of the season over Indiana on Monday, as Joel Embiid and James Harden worked to get the bench players involved, writes Rich Hofmann of The Athletic.
  • In an in-depth profile, Chris Mannix of SI.com takes a closer look at Celtics interim head coach Joe Mazzulla, including revisiting his arrests as a student at West Virginia in 2008 and 2009. “I’m not perfect,” Mazzulla said. “I made the mistakes. I’ve worked to reinvent myself. I know who I am and I know the mistakes that I made. It’s important to be secure about that if you want to be authentic with people.””

Team USA Rumors: Young, Beal, Allen, Embiid

Under former USA Basketball managing director Jerry Colangelo, continuity was a top priority for the men’s national team. Colangelo required players to make two-year commitments to the program, maintained a pool of about 40 Team USA players, and conducted training camps in summers when there was no major international competition.

However, as Joe Vardon of The Athletic details, new managing director Grant Hill has decided to take a different approach, having concluded – along with new Team USA head coach Steve Kerr – that it’s not realistic to expect NBA superstars to commit back-to-back summers to the national program.

The plan for Team USA is to spend the next several months, into the spring, building the team that will represent the country at the World Cup in the Philippines next fall. USA Basketball will then repeat that process the following year in preparation for the 2024 Olympics in Paris, Vardon writes.

While it remains to be seen which players will ultimately suit up for Team USA at those two events, Vardon’s article includes some additional info on potential candidates. Here are some highlights:

  • Hawks star Trae Young has long wanted to play for Team USA at a World Cup or Olympics, but hasn’t gotten the chance to do so yet. He’s optimistic he’ll get that chance now that Hill – a minority owner of the Hawks – is so involved in the process. “It’s exciting, knowing someone who has more of a say,” Young told Vardon.
  • Wizards star Bradley Beal missed the last World Cup due to the birth of his son and also had to sit out of the Olympics after contracting COVID-19, but he’s interested in playing for the team going forward. “I definitely see myself playing for USA,” Beal told Vardon. “That’s always been a goal of mine, obviously to play in the Olympics, but there’s a step to get there (the World Cup). So if it’s available to me, for sure.”
  • Cavaliers center Jarrett Allen is receiving “heavy consideration” from Team USA officials, according to Vardon. Allen would be interested if he’s invited to take part, telling Vardon he would “take a lot of pride in representing us on a stage in front of the world.”
  • Confirming a previous report from Marc Stein, Vardon says Team USA is very interested in Joel Embiid, a native of Cameroon who has French and U.S. citizenship. USA Basketball hasn’t begun a formal recruitment of Embiid, but doesn’t want to see him join a French frontcourt that already features Rudy Gobert and Victor Wembanyama.
  • Jayson Tatum, Bam Adebayo, Devin Booker, Khris Middleton, and Zach LaVine are among the players who won gold with Team USA in Tokyo and would be welcomed back if they want to play in the 2023 World Cup, says Vardon.

Trade Breakdown: Donovan Mitchell To Cavaliers

This is the 11th installment in our series breaking down the major trades of the 2022 offseason. As opposed to giving out grades, this series explores why the teams were motivated to make the moves they did. Let’s dive into a blockbuster deal between the Cavaliers and Jazz


On September 3, the Jazz shocked the NBA world by trading Donovan Mitchell to the Cavaliers in exchange for Lauri Markkanen, Collin Sexton (via sign-and-trade), No. 14 overall pick Ochai Agbaji, the Cavaliers’ unprotected first-round picks in 2025, 2027 and 2029, and the right to swap first-round picks with the Cavaliers in both 2026 and 2028.

Part of what made the trade with Cleveland so surprising is that nearly everyone – including Mitchell – expected him to be dealt to New York. I’m not interested in going into that hypothetical much since it didn’t happen, but I do think the Cavs were in a much better position than the Knicks to deal away significant assets.

The Cavaliers’ Perspective:

Over the past 25 years, Cleveland has made the playoffs one time without LeBron James – all the way back in 1998 under former head coach Mike Fratello. With James, the Cavs made nine postseason appearances in 11 seasons, including five trips to the NBA Finals and one championship in 2016 (the Cavs were the underdog in each of those matchups).

In those 11 seasons with James on the roster, the Cavs went 560-342 – a .621 winning percentage, or an average of almost 51 wins over an 82-game season. In the 14 seasons without James during that 25-year span, the Cavs went 420-735 – a .352 winning percentage, or an average of just under 29 wins in an 82-game season.

In the three years after James joined the Lakers in free agency in 2018, the Cavs were the worst team in the NBA, compiling a 60-159 record – a .274 winning percentage, equivalent to just over 22 wins in an 82-game season.

The reason I bring up the Cavaliers’ recent history is because they turned things around in 2021/22, finishing with a 44-38 record. Injuries derailed what had been a great start and they ultimately lost both of their games in the play-in tournament, missing out on the playoffs once again, but the season was still a resounding success.

In many ways, Cleveland’s situation entering the ’22/23 offseason mirrored Minnesota’s – both teams had been very bad without their superstars (Kevin Garnett for the Wolves), but showed a lot of promise last season. Both the Cavs and Wolves are in the midwest, feature talented young cores, and are not free agent destinations. Both were worried about the losing momentum they had gained from last season, so they made blockbuster trades with the Jazz.

The ability to acquire a 26-year-old three-time All-Star with three years remaining on his contract is extremely difficult to pull off, and the Cavs were able to land Mitchell without including any of Darius Garland, Evan Mobley or Jarrett Allen, the team’s other core players. Mitchell holds a player option in ‘25/26, but he’s highly likely to turn it down considering the salary cap is expected to go up exponentially in 2025 with a new media rights deal.

Mitchell is not a perfect fit for the roster. At 6’1″, he’s the same height as Garland, leading to defensive concerns, particularly in the playoffs against top teams. Mitchell has been below average on that end the past few seasons, and was particular poor in ‘21/22.

During the ‘21/22 regular season, opponents shot 4% better than their expected field goal percentage with Mitchell as the closest defender, which ranked 245th out of 273 players who played at least 50 games, per NBA.com. During the playoffs, he was a complete disaster defensively, with opponents shooting 9.6% better than expected – a figure that would have ranked dead last in the NBA in seven of the last nine regular seasons.

Obviously, those figures need to improve. Relying on Mobley and Allen to cover up his mistakes is not an answer to that problem, just as it wasn’t with Rudy Gobert. Mitchell needs to hold himself accountable and play with much more effort on that end.

It’s important to note that defensive field goal percentage is only one statistic and Mitchell does some things well defensively, like forcing turnovers. Last season, he ranked 23rd in the league in deflections per game (2.4) and 11th in steals per game (1.5).

He certainly has the physical attributes to be at least an average defender, if not better, like he was his first couple of seasons. Despite his relative lack of height, Mitchell possesses a 6’10” wingspan and a strong 215-pound frame, and he’s a top-tier athlete. He has been a motivated and willing defender through three games with Cleveland; we’ll see if that continues.

Mitchell makes up for defensive concerns with his offensive skill. He is an elite shot creator who was the best offensive player on the league’s top-ranked regular season offense in ‘21/22.

He has been outstanding in his first three games (38.0 MPG) with the Cavs, averaging 33.3 PPG, 5.3 RPG, 7.0 APG and 2.0 SPG on .493/.423/.875 shooting. Those numbers aren’t sustainable, but he’s been highly impressive nonetheless playing without Garland, who is currently dealing with an eye injury.

With an explosive first step and a large package of dribble-drive moves, Mitchell is extremely difficult to contain. Because he’s such a strong two-footed leaper, he only needs a sliver of space to get his jump shot off.

As a three-level scorer, Mitchell can put the ball in the hoop in a variety of ways: he can play with or without the ball, finish at the basket, draw contact, and is a very good shooter. From 2020-22, he averaged 26.1 PPG, 4.3 RPG, 5.3 APG and 1.3 SPG on .444/.368/.849 shooting.

Mitchell is an opportunist — if he sees an opening, he exploits it without hesitation. He’s nearly unstoppable if he gets a half step on his opponent due to his excellent body control and ability to change direction and speed on the fly, particularly favoring Euro-steps near the basket.

As Mitchell grew as a player, so to did Utah’s offensive rating, climbing each of his five seasons: from 16th to 14th to ninth to fourth to first. That is not a coincidence.

It’s true that the Jazz built their offensive system around Mitchell, surrounding him with strong screen-setters and shooters who could space the floor and move the ball intelligently. It’s reasonable to say Mitchell benefited from that, particularly the complementary play-makers.

It’s also reasonable to say that he’s a good enough offensive player to build your entire system around and be the top offense in the league during the regular season.


Unlike Gobert, whom I previously characterized as a floor-raiser due to his elite interior defense and rebounding, Mitchell is a ceiling-raiser due to his elite shot creation ability and high-level scoring. The Cavs are certainly hoping he can help take them to the next level.

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Warriors Notes: Wiggins, Williams, Green, Brown, Kerr, Wiseman

Andrew Wiggins, who signed a four-year, $109MM extension before the season, is playing like a star in the early going. He’s averaging 22.3 points, 6.3 rebounds, 2.7 assists, 2.3 steals and 1.3 blocks through the first three games. Warriors coach Steve Kerr believes Wiggins is playing at the top of his game, according to Dalton Johnson of NBC Sports Bay Area.

“This is the best I’ve ever seen Wiggs,” Kerr said. “He was an All-Star last year, he helped us win a championship and I think he’s used that momentum that he gained a year ago to kind of springboard into this season.”

We have more on the Warriors:

  • Suns coach Monty Williams was “quietly upset” that JaMychal Green joined the Warriors on a one-year, veteran’s minimum contract, Duane Rankin of the Arizona Republic tweets. “Why did he go there?” Williams said.
  • The Warriors topped the Kings 130-125 on Sunday in a coaching matchup featuring Kerr and his former top assistant, Mike Brown. Kerr is thrilled that Brown got another head coaching job, Anthony Slater of The Athletic writes. “He’d always talk about how much he loved this job,” Kerr said. “That’s always what we’d lean on if he didn’t get an interview somewhere. Like, ‘You’ve got a pretty good gig. I’ve got it good. You’ve got it good. We’ll just keep it going.’ But we both felt like he was too talented and too young not to get another chance.”
  • In a subscriber-only story, Howard Beck of Sports Illustrated speaks to James Wiseman about his comeback from a knee injury that kept him out of action last season. Wiseman is averaging 11 points and six rebounds in 17.7 minutes per game.

Western Notes: Markkanen, Hart, Bassey, Porter Jr.

Lauri Markkanen was not the centerpiece of the package the Jazz received in the Donovan Mitchell blockbuster with the Cavaliers. However, in his first regular-season week with Utah, Markkanen has played like a star, Sarah Todd of the Deseret News writes. In the first three games, he averaged 24 points, 9.7 rebounds and 3.7 assists, all career-highs.

“It’s a good fit here,” Markkanen said. “I’ve tried to stay active and aggressive on both ends every time I come out there. It’s a good start, but we’ve still got to keep learning and keep getting better.”

We have more from the Western Conference:

  • Josh Hart‘s contributions are a big part of any Trail Blazers success, according to Damian Lillard. “He’s a winning teammate,” Lillard told Aaron Fentress of The Oregonian and other media members. “The way he plays the game. He plays hard. He’s physical. He does everything that you ask him to do. He’s got his teammates best interest. He communicates.” Hart’s $12.96MM salary for 2023/24 is non-guaranteed but he holds a player option and could choose to become a free agent.
  • Spurs coach Gregg Popovich had a colorful response when asked about the team’s latest addition, Tom Orsborn of the San Antonio Express-News tweets. Charles Bassey was signed to a two-way contract on Monday and Jordan Hall was waived. “Management wants me to look at him, so I’m going to look at him,” Popovich said of Bassey.
  • Michael Porter Jr. has shown a greater commitment to playing defense, Nuggets coach Michael Malone told Mike Singer of the Denver Post. “I’m on him a lot about his defense, but I think being a coach in a leadership position, you also have to reward them when they’re doing things correctly and build the confidence up,” Malone said, adding “right now what he’s showing me is that he cares.”

Southwest Notes: Campazzo, Morant, Durant, Sengun, Rockets

Facundo Campazzo‘s visa issues have been resolved and he’ll be in uniform Tuesday and ready to play in the Mavericks’ game in New Orleans, coach Jason Kidd told Dwain Price of the team’s website (Twitter link) and other media members.

Campazzo was signed to a one-year, non-guaranteed contract last week to add depth for the Mavericks at point guard. Campazzo spent the last two seasons with the Nuggets after establishing himself as one of the top point guards in the EuroLeague.

We have more from the Southwest Division:

  • Grizzlies star Ja Morant poured in 49 points against Houston during the opening week of the season and Nets perennial All-Star Kevin Durant is dazzled by Morant’s talent, ESPN’s Nick Friedell writes. “He’s a unique player. A lot of athleticism and creativity out there,” Durant said. “Body type reminds you of somebody like — well he’s taller than A.I. [Allen Iverson], but a wiry, strong player … but he’s an incredible player, man.”
  • The Rockets’ rotation, particularly at center, remains a fluid situation, Jonathan Feigen of the Houston Chronicle notes. Alperen Sengun didn’t start on Saturday even with Bruno Fernando out with a sore left knee. While there are some matchups where Sengun will be suited for the starting lineup, there are others where it’s wise for him to be on the second unit with Fernando or Usman Garuba in the starting five. Sengun missed Monday’s game with an illness, Feigen tweets.
  • Jalen Green and Jabari Smith Jr. are the main building blocks in the Rockets’ rebuild and Kelly Iko of The Athletic takes a deep dive into the state of the franchise and its plans to develop those young players.