The Panamanian basket player, who played with the Milwaukee team in the NBA summer league (Summer League) when he was hired as a free agent.
Panamanian point guard Iverson Molinar signed an ‘Exhibit 10’ contract with the Milwaukee Bucks NBA team, reported Keith Smith of Spotrac.com, a website specializing in contracts and salaries in American professional sports.
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According to the specialized media, Molinar will be with the Bucks team in the preseason camp where he will have the option of making the big team or also playing in the G-League affiliate.
The ‘Exhibit 10’ is a preseason agreement that has the particularity that if the player is fired but remains 60 days in the linked G League quintet of the franchise that cuts him, he can pocket up to 50,000 extra dollars.
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With this agreement, the team makes sure to keep a player under its radar that may be of interest in the future. The ‘Exhibit 10’ expires at the end of training camp and if the player is not cut this deal can become a dual contract or a non-guaranteed standard contract.
Molinar, 22, had previously signed a free agent deal after not being picked in the NBA Draft with the Bucks, a team with which he played in the Summer League.
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Source: Critica
