Haywood Highsmith signed an Exhibit 10 contract with the 76ers

By Eurohoops team/ [email protected]

Haywood Highsmith is leaving Italy to sign an Exhibit 10 contract with the 76ers, as his Italian club Vanoli Cremona announced. Highsmith stayed almost a month under Cremona’s jersey, however his contract with the Italian club included an exit close that permits him to return to the States.

An Exhibit 10 contract, is a minimum contract that may be converted to a two-way contract at the team’s option. Exhibit 10 can be used only in one-year, non-guaranteed contracts for the minimum NBA salary, with no bonuses except for an “Exhibit 10 bonus” of $5,000 to $50,000. The bonus is paid if the player is waived by his NBA team, signs with the G League, is assigned to that NBA team’s G League affiliate and remains with the affiliate for at least 60 days.

Highsmith was signed to a two-way contract by the Philadelphia 76ers on January 8, 2019, and spent the 2020-21 season in Germany with the Crailsheim Merlins.

 

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