So it’s not a huge surprise that the team decided to offer Derrickson, an undrafted free agent from Georgetown, an Exhibit 10 contract.
Sources: Undrafted Georgetown forward Marcus Derrickson has agreed to sign with the Warriors on an Exhibit 10 contract. He averaged 13 points/five rebounds in eight summer league games for Golden State.— Shams Charania (@ShamsCharania) August 10, 2018
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.