On Sunday, the Philadelphia 76ers officially announced the signing of Javonte Smart.
According ESPN’s Adrian Wojnarowski, Smart is signing an Exhibit 10 deal with the 76ers.
Here are notes related to Exhibit 10 contracts, according to hooprumors.com,
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A team can’t carry more than six Exhibit 10 contracts at a time.
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An Exhibit 10 contract can only be converted to a two-way deal before the regular season begins.
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An Exhibit 10 contract that gets converted to a two-way deal can later be converted into a standard NBA contract.
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An Exhibit 10 bonus earned by a player who ends up in the G League or on a two-way contract isn’t counted toward the NBA team’s total salary.

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