San Antonio Spurs signed guard Ja'Kobi Gillespie to a Two-Way Contract

The Spurs' signing of Ja'Kobi Gillespie to a two-way contract earns a B- Contract Value Index (CVI), reflecting a straightforward low-cost developmental bet with modest immediate return but meaningful upside optionality at virtually no financial risk. At $560K on a one-year deal, this is a floor price for any NBA roster spot — the team is spending nothing and betting on a Tennessee product to develop within the G League ecosystem while maintaining a backdoor path to the NBA rotation if he accelerates. Two-way contracts are by definition value-neutral to favorable propositions; the Spurs are not overpaying for production, nor are they gambling on an untested prospect at market rate. The risk is pure opportunity cost — a roster slot that could theoretically house a veteran backup or lower-cost free agent depth piece — but at this price and term, the downside is negligible, and the upside (a usable guard rotation piece emerging from a developmental year) justifies the minimal capital. In the context of a 62-win Western Conference contender with playoff urgency, this move does not move the needle on contention, but it represents responsible cap hygiene and front-office optionality, neither overstretching nor leaving value on the table.