Undrafted rookie shooting guard Gabe Madsen has reached an agreement to sign an Exhibit 10 contract with the Miami Heat, according to Jon Chepkevich of DraftExpress.
Madsen spent the last four years playing college basketball at the University of Utah, where he steadily developed into a reliable contributor.
In his senior season (2024-25), he posted averages of 15.2 points, 2.6 rebounds, and 2.5 assists per game while logging nearly 30 minutes over 33 starts.
His shooting percentages that year – 37.1% from the field, 32.2% from three-point range, and 85.4% from the free-throw line – were somewhat below his typical standards.
Prior to that final season, Madsen had demonstrated stronger long-range shooting ability, having made 38.2% of his career three-point attempts, which was considered a solid mark for a college guard.
This capability became more evident again during his recent summer stint with the Golden State Warriors in both the California Classic and Las Vegas Summer League tournaments.
Over six games, Madsen averaged 9.2 points per contest while playing limited minutes (just 14 per game), and he impressed by knocking down 51.9% of his three-point shots.
One of Madsen’s standout moments came during the Las Vegas Summer League matchup against Utah, his alma mater, when he scored 22 points and drained six three-pointers in under 17 minutes of play, showcasing his shooting prowess and ability to score in bunches.
The Exhibit 10 contract Madsen signed is a one-year, minimum salary agreement that is fully non-guaranteed and does not impact the team’s salary cap unless he earns a spot on the Heat’s regular-season roster.
This type of contract can be converted into a two-way deal before the start of the season, allowing a player to split time between the NBA and the G League.
Additionally, players on Exhibit 10 deals can receive a bonus of up to $85,300 if they are waived but then commit to spending at least 60 days with the team’s G League affiliate, providing a financial incentive to remain within the organization’s developmental system.
Miami is adding another player to its offseason roster: https://t.co/O1e0qK9Onz
— Hoops Rumors (@HoopsRumors) July 27, 2025
