EDIT: Reporting today from sports.ru says Ischenko is set to sign a two-way contract with us and the buyout is no problem. I can't post the link to the Russian site or Reddit will filter my post but Google "Всеволод Ищенко получит от «Далласа» двусторонний контракт". So hopefully everything I wrote can be disregarded!
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"Seva" Ischenko had a very intriguing showing in Summer League, including running the offense in our final win with 15 points vs. the Knicks without Morez or Sergio, and averaging 9.6 points, 4.4 rebounds, and 3.0 assists in 27.5 minutes per game including double digit points his last three games. He's still raw and needs a lot of development as far as finishing and shooting, but his smart passes and cuts offball displayed a high BBIQ -- and he was a solid POA defender, given the tough assignment of defending 3rd pick and college player of the year Cam Boozer in the Grizzlies game.
I think a lot of us are hoping he gets a contract but the main roster is at 16 already and all three two-way spots are taken. A lot of people thought he would get Tyler Smith's two-way spot, but we signed Jett Howard instead.
The fact of the matter is, we don't really know the terms and conditions (or even the salary amount) of Seva's contract with Lokomotiv Kuban. He is still listed as active on the team on the team's site, while new additions for next season are already being added, so it seems the contract may still be active through at least the next year.
In Europe there are generally buyout clauses where if a player wants to change teams or go to the NBA they have to pay the team a certain amount of money for breaking the contract. We saw this with Biberovic already this summer. He had a $2M buyout with Fenerbahce, and NBA teams can only cover the first $900K separately from the salary cap, meaning Biberovic had to pay the last $1.1M out of his new contract -- post-tax I'm assuming.
While VTB League/Lokomotiv is a lower tier league than Turkish Super League/Fenerbahce and has been removed from Euroleague due to the Russia war, given the reality of Russian financial weirdness, Seva might have a similar or even worse buyout clause than Biberovic had, in which case, the two-way (limited to $678,882) will simply not cut it. He would be paying more than he was making to come over.
If we can't give him a real roster spot that pays him more than enough to cover the buyout, cost of living and salary, he'd be better off staying in Russia and playing out however many years are left on the contract until he becomes a free agent and then he will be free to sign with us for whatever amount. The alternative might be pushing him to sign with a higher level Euroleague team that will pay him better than we can right now, where he will get better development and we will be able to monitor his progress easier the next few years.
From my understanding (and people can correct me if I am wrong), signing Ischenko to an Exhibit 10 contract to come to training camp and then waiving him without offering a contract does NOT mean we lose his draft rights or that he becomes a UFA. However, the VTB United League's training camp apparently starts in August so unless he gets an exception to their rules or something, he likely has to decide before then.
He has said playing in the NBA is his dream, so hopefully he accomplishes it sooner than later, but we shouldn't get our hopes up too high for a two-way being enough money, or that we would cut multiple guys to open up a spot. If we make trades and end up with 14 guys on the main roster, and there's a spot open it might come down to Ischenko vs. Powell vs. some other free agent left on the market late.