Common use of Day Contracts Clause in Contracts

Day Contracts. (a) Beginning on January 5 (if a business day) or the first business day following January 5 of any NBA Season, and solely for the purpose of replacing an injured player, a Team may enter into a Player Contract with a player for the longer of (i) ten (10) days, or (ii) a period encompassing three (3) games played by such Team (a “10-Day Contract”). No Team may enter into a 10-Day Contract with the same player more than twice during the course of any one Season. (b) The Salary provided for by a 10-Day Contract shall not be less than the Minimum Player Salary. (c) Notwithstanding anything to the contrary contained in a Uniform Player Contract, a 10-Day Contract shall be terminated simply by providing written notice to the player (and not by following the waiver procedure set forth in paragraph 16 of the Uniform Player Contract) and paying only such sums as are set forth in Exhibit 1 of such Contract.