Warriors sign Marcus Derrickson to an Exhibit 10 contract

Marcus Derrickson impressed the Golden State Warriors at the Las Vegas Summer League. Heck, while it’s not nearly as important, he also impressed me.

So it’s not a huge surprise that the team decided to offer Derrickson, an undrafted free agent from Georgetown, an Exhibit 10 contract.

Now, with that news out of the way, let’s address something important. What, exactly, is an Exhibit 10 contract?

An Exhibit 10 contract is somewhere between a training camp invite and a two-way contract. Players with this type of contract receive a training camp invite, and that invite can be converted to a two-way contract.

If the player is waived, but they choose to sign with the team’s G-League affiliate (in this case the Santa Cruz Warriors), they can receive up to a $50,000 bonus depending on how long they stay with the affiliate.

So for Derrickson, this assures that he won’t just get the tiny G-League contract this year. If the Warriors or another team offer him a two-way contract or guaranteed contract, great. If not, he can join Santa Cruz and still make the $50,000 bonus. For the Warriors, it helps get Derrickson into training camp (rather than signing elsewhere), so that they can evaluate him and potentially offer him their second two-way contract (Damion Lee has the first).

Welcome to the Warriors, Marcus Derrickson.