Trail Blazers sign Caleb Houstan to an Exhibit 10 contract

The Portland Trail Blazers signed forward Caleb Houstan to an Exhibit 10 contract, with the plan for him to join the Rip City Remix, Portland’s G League affiliate, according to The Oregonian.

Houstan, the 32nd overall pick in the 2022 draft, spent three seasons with the Magic and one with the Hawks, appearing in 186 regular-season games. He shot 37.8 percent from three-point range while averaging 3.9 points and 1.4 rebounds in 13.4 minutes per game.

The 22-year-old was in training camp with the Pelicans on a non-guaranteed Exhibit 9 deal before New Orleans waived him earlier this week. With four years of NBA service, Houstan is no longer eligible for a two-way contract, but the Exhibit 10 deal makes him eligible for a bonus worth up to $91,000 on top of his G League salary if he spends at least 60 days with the Remix.

No corresponding roster move was required, as Portland had three open spots on its 21-man camp roster. If Houstan impresses with Rip City, he could emerge as a call-up candidate for a Blazers team thin on reliable forward depth behind starters Deni Avdija and Toumani Camara.