August 20, 2019, 9:10 amKyle AlexanderC, Miami Heat
While the Heat looks to be done offering standard contracts this offseason barring a trade, it still has room to sign two players to two-way deals.
Miami’s roster currently includes 17 players, with three of them, Kyle Alexander, Chris Silva and Jeremiah Martin eligible for two-way contracts. Because the Heat has no room under the hard cap to sign any more players to a standard contract, it’s trying to entice players to sign Exhibit 10 contracts with the expectation that they will have a legitimate chance to earn a two-way contract during training camp. The trio will be among those competing in September for a two-way contract, but even if they make the team, they are far away from having any fantasy value.
Source: Miami Herald
July 15, 2019, 5:44 pmKyle AlexanderC, Miami Heat
The Heat have signed Kyle Alexander to an Exhibit 9, 10 contract.
An Exhibit 9 contract is for one year at the minimum, and they cannot be signed by teams until there are 14 players on the roster already. In essence, it's the sort of contract that can help hard-capped teams (like Miami) in the case of preseason injury, where a similar injury to a player on a different contract would have larger cap ramifications. An injured player's salary becomes fully guaranteed until he recovers, while an Exhibit 9 player can be waived at a cost of $6,000 to the team. Alexander averaged 4.8 points, 6.0 rebounds and 1.2 blocks in Summer League. Look for him to spend his season in Sioux Falls.
Source: Ira Winderman on Twitter