Common use of Two-Way Player Salary Clause in Contracts

Two-Way Player Salary. (i) Subject to the limitations set forth in this Section 11, an NBA Team may enter into a Player Contract that provides a player (“Two-Way Player”) with a tiered Salary as set forth in Section 11(a)(ii) below based on whether the player is performing services on a particular day for (i) an NBADL team, or (ii) the NBA Team (“Two-Way Contract”). (ii) The Salary provided for in a Two-Way Contract shall be the sum of the Two-Way NBA Salary (as defined in Section 11(a)(ii)(A) below) and the Two-Way NBADL Salary (as defined in Section 11(a)(ii)(B) below) (together, the “Two- Way Player Salary”), and subject to the following rules: (A) A player’s “Two-Way NBA Salary” shall equal the Minimum Annual Salary called for under Article II, Section 6(a) for a player with zero (0) Years of Service (irrespective of how many Years of Service the player has accrued prior to the Contract or accrues during the term of the Contract), multiplied by a fraction, the numerator of which is the number of NBA Days of Service (as defined in Section 11(b)(i)(A) below) that the player accrues during the NBA Regular Season, and the denominator of which is the total number of days of that NBA Regular Season. (B) A player’s “Two-Way NBADL Salary” shall equal the player’s Two-Way Annual NBADL Salary called for below, multiplied by a fraction, the numerator of which is the number of NBADL Days of Service (as defined in Section 11(b)(i)(B) below) that the player accrues during the NBADL Regular Season, and the denominator of which is the total number of days of that NBADL Regular Season. Two-Way Annual NBADL Salary 2017-18 $75,000 2018-19 $77,250 2019-20 $79,568 2020-21 $81,955 2021-22 $84,414 2022-23 $86,946 2023-24 $89,554 2024-25 $92,241 (C) Notwithstanding anything to the contrary in this Agreement, no Two-Way Contract may include or provide for any (i) bonuses or Incentive Compensation of any kind, (ii) deferred compensation, (iii) loans, or (iv) advances (other than pursuant to Paragraph 3(b) of the Contract). (iii) Every Two-Way Contract must contain an Exhibit 1B and include the following sentence in such Exhibit (which shall be deemed amended in the manner described in such sentence): “This Contract is intended to provide for a Base Compensation for the Season(s) equal to the Two-Way Player Salary for such Season(s) (with no bonuses of any kind) and shall be deemed amended to the extent necessary to so provide.”