According to reports, the Bulls have signed former St. John's guard Justin Simon to an Exhibit 10 contract.
Simon played three seasons of NCAA basketball, one year with Arizona and two years at St. John's under the tutelage of NBA Hall of Famer Chris Mullin.
The Exhibit 10 contract is a fairly new situation, allowed by the NBA's last Collective Bargaining Agreement. What it means is that a player under this type of contract will get the league's minimum salary on a non-guaranteed deal that can include bonuses up to $50,000.
Big ups to @simon_Says_so who is the first player ever to sign an Exhibit 10 with the @chicagobulls. We couldn’t be prouder of Justin and can’t wait to see him crush it and continue to grow. No one grinds harder. #OnlyTheBeginning #RZAAthlete pic.twitter.com/eieyVgdMx6— RZA Sports (@RZASports) September 12, 2019
S/O to the young BULL Justin Simon @simon_Says_so 6’6 Point Guard St Johns, Temecula, CA. Congrats Jus! You signing your first Professional Contract with the Chicago Bulls Yo!!! Its only the beginning yo, #TMC🏁 proud day, been a tremendous journey thus far... pic.twitter.com/FOMAOBlYAm— Sunni in San Diego (@Sunni_in_SoCal) September 13, 2019
The deal will allow Simon to participate in training camp with the Bulls with the goal of making the roster. The most likely scenario in these situations—i.e. when a player does not make the NBA roster— is that the player is waived before the season starts and assigned to that team's NBA G League affiliate.
So in layman's terms, Bulls fans should expect to see Simon in Hoffman Estates with the Windy City Bulls for the 2019-20 season, that is, as long as he doesn't choose to play overseas or elsewhere. With an Exhibit 10 contract, there are two ways a player can guarantee the full amount of their bonus money: spending at least 60 days on the G League affiliate team or getting their Exhibit 10 deal converted into a Two-Way contract (G League+ NBA deal combined, paid based on what league you are playing in at the time).
Simon is an intriguing add for the Bulls. Currently, the Chicago roster doesn't contain any guards shorter than 6-foot-3, and at 6-foot-5 with a massive 6-foot-11 wingspan, Simon certainly fits the mold.
Simon was the 2018-19 Big East Defensive Player of the Year, finishing in the top 10 in the Big East in both blocks and steals. In his junior year, he was also solid offensively, scoring 10.4 points per game while racking up 104 total assists over 34 games.
We all know how Jim Boylen loves players with the "dog" mentality and Simon's aggressive defense surely caught the eye of Boylen and the Bulls front office.
In the 2019-20 NBA Summer League, Simon played for the Bulls, averaging 6.8 points, 4.0 rebounds, 1.4 steals and 0.6 blocks per game. Unfortunately, Simon did not make a single 3-point shot over his NBA Summer League stint with the Bulls but he has shown the ability to hit the 3-point shot at times at the NCAA level. For his college career, he was a 35.1 percent 3-point shooter but those figures were helped by his sophomore season in which he hit 15 of his 36 shots from deep (41.7 percent).
Simon is not likely to shoot it well from the outside right away at the professional level but this is an important thing to monitor as his jump shot—as with most highly-skilled defensive players—will be the swing skill that will impact his ability to potentially make the NBA roster.
The Bulls reportedly start training camp on October 1 and fans will likely get their first chance to see Simon in action at the first preseason game vs. the Milwaukee Bucks on October 7 on NBC Sports Chicago.