As we explain in a glossary entry, Exhibit 9 contracts are generally handed out by NBA teams to players who will only be with the team during training camp and/or the preseason.
The Exhibit 9 clause protects the team in case the player suffers an injury before the season begins. In that scenario, the club wouldn’t have to pay him his full salary until he gets healthy enough to play — it would only have to pay a maximum lump sum of $15K when it waives the player.
While most Exhibit 9 signees were released in advance of the regular season, three NBA veterans who signed Exhibit 9 contracts survived the cut and made their respective teams’ regular season rosters. Here are those three players:
These three players will now be on one-year, minimum-salary contracts that will remain non-guaranteed until January 10. In order to secure their full-season salaries, they’ll have to stay under contract beyond January 7 (a player cut on Jan. 8 or 9 wouldn’t clear waivers prior to the league-wide salary guarantee date of Jan. 10).
As our list of non-guaranteed contracts by team shows, Arcidiacono, Giles, and Stevens are three of the 31 players on standard deals whose salaries for the 2023/24 season aren’t fully guaranteed.
Several of these players will receive partial guarantees by remaining on rosters through the start of the regular season, and a few more have November or December trigger dates that will increase their guarantees. However, none of those 31 players will lock in their full salary until Jan. 10.
Here are a few more items of interest about the NBA’s opening night rosters for ’23/24, per ESPN’s Bobby Marks (Twitter link):
- The Spurs have the NBA’s youngest roster, while the Clippers have the oldest.
- Players are earning a combined total salary of $4.8 billion for the 2023/24 season. The Celtics, Nuggets, Warriors, Clippers, Lakers, Heat, Bucks, Pelicans, Sixers, and Suns are the biggest contributors to that pool, as they’re all currently over the luxury tax line.
- As our roster counts page shows, there are 12 open spots on standard 15-man rosters around the NBA. Those openings belong to the Celtics, Bulls, Cavaliers, Pistons, Warriors (two), Lakers, Heat, Timberwolves, Pelicans, Trail Blazers, and Kings.
- The Nets and the Suns are the only two teams that haven’t filled all three of their two-way slots, as our tracker shows. They’re each carrying a pair of two-way players, meaning 88 of the 90 spots around the league are occupied.