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How NBA Exhibit 10 and Two-Way Contracts Shape a Player’s Path to the Roster

Exhibit 10 can offer a conditional G League path or a pre-season Two-Way conversion; a Two-Way contract links NBA and affiliate service, but neither guarantees a standard roster spot.
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An NBA Exhibit 10 contract and a Two-Way contract are different routes for a player trying to stay in an NBA organization. Exhibit 10 is an attachment to a one-season contract that can create a conditional path to the team’s G League affiliate or let the team convert the deal to a Two-Way contract before the regular season. A Two-Way contract directly links NBA and G League service, with NBA access limited by season-specific rules. Neither guarantees a Standard NBA Contract; conversion is a team decision.

What is an Exhibit 10 contract?

Exhibit 10 is an attachment to a one-season NBA contract, not a separate standard-roster place. Under the NBA’s 2024-25 CBA 101, its terms can give a team the right to convert the contract to a Two-Way deal before the first day of the regular season. The attachment can also provide a bonus if the player is waived, signs with the team’s G League affiliate, and serves there for 60 consecutive days.

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For 2024-25, the NBA described the Exhibit 10 bonus range as $5,000 to $77,500. The maximum is tied to the salary cap, so that figure should not be treated as a current 2026-27 amount.

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The Exhibit 10 route

  1. Sign the one-season contract with the Exhibit 10 attachment. The player may compete for a place during training camp and preseason, but the attachment does not itself guarantee a standard roster spot.
  2. The team chooses whether to keep, waive, or convert the player. If the team uses its contractual option, it can convert the deal to a Two-Way contract before the regular season begins.
  3. If waived, the player may sign with the team’s G League affiliate. Serving there for 60 consecutive days is a condition of the potential Exhibit 10 bonus under the cited 2024-25 terms.

In other words, Exhibit 10 can keep a player connected to the organization after an NBA roster cut, but the affiliate route and bonus depend on the contract conditions and the team’s decisions.

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What is a Two-Way contract?

A Two-Way contract is a direct contract with an NBA team that allows the player to serve both that team and its G League affiliate. The NBA G League’s detailed rules for 2025-26 say a player spends most of the season with the affiliate and can have limited time on the NBA team’s Active List. Those rules allowed each NBA team up to three Two-Way players in addition to up to 15 Standard NBA contracts; a Two-Way contract could run for one or two seasons.

The limits, pay, and eligibility rules depend on the season. For 2025-26, the G League specified a maximum of 50 NBA Active List games per Two-Way player, prorated for midseason signings, and an aggregate 90 Under-Fifteen Game limit for teams’ Two-Way Active List appearances. It listed annual Two-Way salary at $636,435 for that season, equal to half the applicable zero-years-of-service NBA minimum, with midseason deals prorated. Do not carry these figures or rules forward as 2026-27 terms without checking that season’s rules.

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The 2025-26 eligibility rules also included limits based on NBA years of service and a narrow exception for a player with four years of service who met the stated roster and no-games condition. The G League’s detailed season page is the relevant reference for applying those particular conditions: Two-Way contracts. A separate G League FAQ still has older 45-day wording, which conflicts with the detailed 2025-26 rules; the older wording should not be substituted for the season-specific 50-game limit.

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How the two routes compare

Question Exhibit 10 Two-Way
What is the contract status? An attachment to a one-season NBA contract. A direct NBA-team contract for NBA and G League service; the 2025-26 rules allowed one- or two-season deals.
Where does the player serve? The player may compete for a camp roster place; after a waiver, the contract can support a route to the team’s G League affiliate. Primarily with the affiliate, with limited NBA Active List time under that season’s rules.
How can NBA access change? The team may have a right to convert the contract to a Two-Way deal before the regular season. NBA Active List games are capped under season-specific rules; the team may convert the player to a Standard NBA Contract.
What money is tied to the deal? A conditional bonus may be available after waiver, affiliate signing, and the required service; the cited 2024-25 range was $5,000–$77,500. Salary and other limits are season-specific; the cited 2025-26 annual salary was $636,435, with midseason deals prorated.
What is the next roster step? Potential Two-Way conversion or continued development with the affiliate; neither is automatic. Possible conversion to a Standard NBA Contract, at the team’s discretion.

Can a Two-Way contract become a standard NBA contract?

Yes. The NBA’s CBA 101 says the team has exclusive negotiating rights with its Two-Way player and may sign or convert him to a Standard NBA Contract. That is a meaningful roster step, but it is not an automatic promotion or a promise that the team will make the change.

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Postseason eligibility has a separate deadline: the player must be signed or converted to a Standard NBA Contract before the start of the team’s final regular-season game. A Two-Way player may travel and practice with the NBA team during the postseason, but without that standard contract the player is not eligible for the postseason roster.

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What these contracts do—and do not—say about a player’s chances

Both contract types provide a way for a team to keep or develop a player without immediately placing him on a standard NBA roster. Exhibit 10 can preserve a path to the affiliate after a waiver; Two-Way status gives the player an ongoing NBA-team relationship with defined but limited NBA availability. Neither label establishes how likely a player is to earn or retain a standard roster spot. The official rules and transaction announcements do not supply a reliable advancement rate.

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Team announcements illustrate that organizations use both mechanisms, but not what a player’s odds are. In October 2025, Milwaukee announced a Two-Way deal for Alex Antetokounmpo and Exhibit 10 contracts for Johnny Davis and Jeremiah Tilmon. New Orleans announced that it converted Bryce McGowens from a Two-Way contract to a standard deal on February 20, 2026. These examples show the contract paths in practice; they do not measure how often either path leads to a standard contract.

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Because detailed G League rules cited here cover 2025-26, and the cited Exhibit 10 ceiling covers 2024-25, check the applicable season’s terms before relying on a specific cap, salary, service limit, or eligibility condition for 2026-27.

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