The Orlando Magic have agreed to terms on an Exhibit 10 contract with former Wyoming sharpshooter Drake Jeffries, his agency One Motive Sports announced.
Jeffries, a 6-foot-5 guard, averaged 9.1 points (39.4% on 3-pointers) and 4.3 rebounds in his two seasons with the Cowboys, including 10.3 points (40.9% on 6.8 3s) and 5.4 rebounds in 2021-22.
He scored 6 points in one game with the Denver Nuggets summer league team after going undrafted.
Jeffries spent the first three seasons of his college career at the Division II (Minot State, N.D.) and JUCO (Indian Hills Community College, Iowa) levels.
Exhibit 10 deals are 1-year, minimum salary contracts that allow a player to be a part of training camp and are often non-guaranteed — allowing teams to waive the player without taking a cap hit.
Exhibit 10 contracts include bonuses ranging from $5,000-$50,000. Players receive the bonus if they sign with the organization’s G League affiliate after being waived by the NBA team, depending on how much time they spend on the G League roster.
Teams can convert a player’s Exhibit 10 deal into a two-way contract before the start of the regular season.
The Magic will have 19 players under contract for 2022-23 after signing Jeffries — 15 on guaranteed standard contracts, one on a fully non-guaranteed deal (Devin Cannady), Admiral Schofield and Kevon Harris on two-way contracts and Jeffries.
Teams can have up to 20 players, including two-way players, signed to deals during the offseason before having to cut their rosters down to 15 players on standard contracts (plus a pair of two-way players) before the regular season starts.