Former NC State All-ACC F TJ Warren Signs Exhibit 10 Deal with the Knicks

Former NC State ACC Player of the Year TJ Warren has signed an Exhibit 10 deal with the Knicks.

Knicks are signing veteran wing TJ Warren to an Exhibit 10 deal, per SNY sources

— Ian Begley (@IanBegley) October 2, 2024

What is an Exhibit 10 deal?

Here’s what Google’s AI cooked up:

An Exhibit 10 contract is a one-year, minimum salary, non-guaranteed NBA contract that teams can use to bring in players for Summer League competition. The contract can include an optional bonus of up to $75,000 if the player spends at least 60 days with the team’s G League affiliate after being waived.

Conversion to two-way contract: Teams can convert an Exhibit 10 contract into a two-way contract before the regular season begins. This guarantees the bonus and makes the contract a two-way contract.

Maximum number of contracts: Each team can have up to six Exhibit 10 contracts at a time.

Roster spot: If a player is kept on the 15-man roster after the regular season begins, their contract becomes a standard minimum deal.

Compensation protection: Exhibit 10 contracts don’t come with compensation protection.

When the contract becomes fully guaranteed: If the team doesn’t guarantee the deal, it becomes fully guaranteed on January 10. However, in reality, contracts become fully guaranteed on January 7 because players must clear waivers by January 10 to avoid this.

Warren is looking to find a new NBA home as he approaches his 10th NBA season. Last year, TJ played in only 11 games for the Minnesota Timberwolves, averaging 3.7 points in 11.4 minutes per game. In 2022-23, Warren played in 42 games split between Brooklyn and Phoenix, averaging 7.5 points in 16.4 minutes per game. Prior to that, TJ missed the entire 2021-22 due to a foot injury, which also caused him to miss all but 4 games of the 2020-21 season.

It’s been a rough couple of years for the former ACC Player of the Year (2014), but prior to that, Warren had been a starter in the NBA for 5 straight seasons, averaging 14+ points per game in each of those seasons.