The post-draft frenzy of undrafted free agent signings can be extremely confusing, especially when the notifications are piling at 2 a.m. ET.

Some undrafted rookies sign Summer League deals. Some sign Exhibit 10 deals. Others land Two-Way contracts. What does it all mean?

Two-Way contracts are the ones to know, in particular, because those deals guarantee a roster spot for the undrafted free agents who sign them.

What is a Two-Way contract, you ask? We have you covered with answers below, along with a team-by-team tracker.

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NBA Two-Way contracts, explained: Tracking undrafted player signings

What is a Two-Way contract?

Here is the definition of a Two-Way contract, according to the G League’s official site:

It’s also important to note that Two-Way players are not eligible to compete in the NBA Playoffs unless the contract is converted to a full-time roster spot.

However, there were exceptions in the last two seasons because of the COVID-19 pandemic. Two-Way players were able to spend an unlimited number of days — and games played — with their affiliated NBA club. They were also eligible to compete in the postseason.

According to ESPN’s Adrian Wojnarowski, the Two-Way rules are expected to go back to normal next season.

What is the salary for a Two-Way contract?

As Wojnarowski mentioned above, Two-Way contracts are worth half of a rookie minimum contract — roughly $502,000. At first, the salary was based on the number of games played with an NBA team, but it is now a flat rate for the season.

2022-23 NBA Two-Way contracts: Team-by-team tracker

Below you can find which teams have signed 2022 NBA Draftees to Two-Way contracts.