Two-Way Contract definition

Two-Way Contract means a Contract between a Two-Way Player and a Team made in accordance with Article II, Section 11. In the event that a Two-Way Contract is converted to a Standard NBA Contract pursuant to the Team’s exercise of its Standard NBA Contract Conversion Option, the Contract shall no longer be a Two-Way Contract for the purposes of this Agreement.
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Two-Way Contract means a player contract between a Player and a Member that provides for a tiered salary based on whether the Player is performing services on a particular day for (i) an NBA G League team, or (ii) an NBA Team, in accordance with the NBA/NBPA Collective Bargaining Agreement then in effect.
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Two-Way Contract means a contract for any player who earns less than $1,500,000 per year, such that said player’s contract shall only count against the Team’s Salary Cap if the player is on the Pro Roster, at the discretion of the GM.
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Examples of Two-Way Contract in a sentence

  • The Standard NBA Contract Conversion Option may be exercised at any point during the period beginning on July 1 and ending just prior to the start of the Team’s last Regular Season game in each Salary Cap Year covered by the Two-Way Contract.

  • Every Two-Way Contract shall provide the Team with an option to convert the Two-Way Contract during its term to a Contract that is not a Two-Way Contract (“Standard NBA Contract”) that provides for a Salary for each Salary Cap Year equal to the player’s applicable Minimum Player Salary and a term equal to the remainder of the original term of the Two-Way Contract beginning on the date such option is exercised (“Standard NBA Contract Conversion Option”).

  • The term of a Two-Way Contract may not exceed two (2) Seasons in length and may not include any Option Year or Early Termination Option.

  • To effectuate the requirements set forth in the preceding sentences, every Two-Way Contract with an Exhibit 1B must contain the following language (and only such language) under the “Standard NBA Contract Conversion Option” heading: “Team shall have the option to convert this Contract to a Standard NBA Contract (“Standard NBA Contract Conversion Option”).

  • For the avoidance of doubt, in no event may a Team and a player extend, renegotiate, or include an Option Year or Early Termination Option in a Two-Way Contract or a Contract containing an Exhibit 10.

  • On July 1 of each Salary Cap Year, any Player Contract (other than a Two-Way Contract) entered into on or after the effective date of this Agreement that provides for a Salary for the upcoming Season that is less than the applicable Minimum Player Salary based on the Minimum Annual Salary Scale applicable to the player shall be deemed amended to provide for the applicable Minimum Player Salary based on such Minimum Annual Salary Scale.

  • Notwithstanding anything to the contrary in this Agreement or the Uniform Player Contract, upon execution of the Standard NBA Contract, the prior Two-Way Contract between the Team and player will immediately be rendered null and void and of no further force or effect.

  • Every Contract with an Exhibit 10 shall provide the Team with an option (to be set forth in Exhibit 10) to convert the Contract to a Two-Way Contract that provides for the Two-Way Player Salary (“Two-Way Player Conversion Option”); provided, however, that the Two-Way Player Conversion Option (a) must be exercised prior to the first day of the NBA Regular Season, and (b) may not be exercised if it would result in a violation of Article X, Section 4(d).

  • Notwithstanding the foregoing, a Team may sign or convert a player who has four (4) Years of Service to a Two-Way Contract covering no more than one (1) Season if the player was credited with one (1) or more Years of Service in respect of a Season in which he (A) did not play in a Regular Season, Play-In, or playoff game and (B) was on a Team’s roster at all times from the first day of the Regular Season through the end of the last day of the Regular Season.

  • In addition, a Two-Way Contract may also provide for Base Compensation protection for a Season to increase to up to fifty percent (50%) of the Base Compensation provided for by such Contract for such Season if the Team does not request waivers on the player by a certain date that is on or after the first day of the Regular Season encompassed by such Season.


More Definitions of Two-Way Contract

Two-Way Contract means a contract for any player who
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Related to Two-Way Contract

  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;

  • Storage Contract means the contract described in paragraph 8.3.3 of the Conditions of Business or paragraph

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Connection Contract means a contract under which Distributed Generation is connected to the Network entered into by the Distributor and a Distributed Generator in accordance with Part 6 of the Code, and, for the purposes of this Agreement, the Distributor and a Distributed Generator are deemed to have entered into a Connection Contract if the regulated terms in Part 6 of the Code apply;