The contract that Svi Mykhailiuk signed with the Celtics is a one-year, minimum-salary deal that is partially guaranteed for $200K, Hoops Rumors has learned. If Mykhailiuk remains under contract through at least the start of the regular season, his partial guarantee would increase to 50% of his $2,346,614 salary, which works out to $1,173,307. He’d be assured of his full salary for 2023/24 if he isn’t waived on or before January 7.
Here are more details on a few recently signed contracts:
- Shaquille Harrison‘s contract with the Grizzlies is a non-guaranteed Exhibit 10 deal, Hoops Rumors has learned. While there has been some speculation that Harrison could fill the extra roster spot Memphis will create after the first five games of the season (when Ja Morant can be moved to the suspended list), he seems unlikely to make the opening-night roster. So if the Grizzlies want to have him fill that spot, Harrison would likely be waived and then re-signed.
- As previously reported, P.J. Washington‘s contract with the Hornets is worth exactly $46.5MM, with $1.5MM in total incentives ($500K per year). It’s fully guaranteed with no options. Since his bonuses are considered unlikely, Washington’s first-year cap hit is $16,847,826; he’ll make a base salary of $15.5MM in year two and $14,152,174 in year three.
- The two-way contracts recently signed by GG Jackson (Grizzlies) and TyTy Washington (Bucks) are each just for one year, so both players will be eligible for restricted free agency in 2024.