Armaan Franklin Signs Exhibit 10 Contract With Denver Nuggets

The former UVA shooting guard is joining the NBA Champion Nuggets as an undrafted free agent

Matt Pendleton-USA TODAY Sports

Former Virginia shooting guard Armaan Franklin signed an Exhibit 10 contract with the Denver Nuggets as an undrafted free agent, as reported by Jon Chepkevich of DraftExpress on Friday morning. 

Virginia’s Armaan Franklin has agreed to an Exhibit-10 contract with the Denver Nuggets, I’m told.

The 6’4” guard led UVA in scoring this season + finished his NCAA career on a high note, earning All-ACC Tournament honors.

— Jon Chepkevich (@JonChep) June 23, 2023

Franklin participated in confirmed pre-draft workouts the Atlanta Hawks, Charlotte Hornets, Orlando Magic, and his hometown Indiana Pacers, but it was the Denver Nuggets, who captured their first NBA Championship earlier this month, who ultimately inked Franklin to an Exhibit 10 contract after he went undrafted on Thursday night. 

An Exhibit 10 contract is a one-year deal that pays the minimum salary and doesn't come with any compensation protection, but can include an optional bonus of up to $50,000. It allows NBA teams to designate a player as an affiliate in order to retain his G League rights if he is waived before the season begins. An Exhibit 10 contract can be converted to a two-way deal, but only before the regular season begins. 

For Armaan Franklin, this means he has until the start of the regular season in October to prove to the Denver Nuggets that he deserves a spot on their roster. That includes the entire offseason process, beginning with the NBA Summer League in the first two weeks of July and continuing through training camp and preseason games this fall. Per the new collective bargaining agreement between the NBA and the National Basketball Players Association back in April, NBA teams can now carry three players on two-way contracts on their active rosters. Armaan Franklin will likely by vying for one of those three two-way spots for the defending NBA Champion Nuggets. 

In his fourth season of college basketball - and second at Virginia - Franklin averaged a career-high 12.4 points per game to go along with 4.1 rebounds, and 1.4 assists. After shooting an abysmal 29.6% from three in his first season at UVA after transferring from Indiana, Franklin improved his perimeter shooting drastically and shot 37.3% from beyond the arc this season. Franklin was the leading scorer for a Virginia team that captured a share of the ACC regular season title and was named to the ACC All-Tournament Second Team after helping the Cavaliers reach the ACC Championship Game. 

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