The Oklahoma City Thunder liked Malevy, but they already had 3 players on the NBA Two-way contract, which is the maximum allowed. So they had him signed him to a standard G-League contract this year. The risk with that is that it allows any NBA team to "steal" them by signing them to an NBA contract, a Two-way Contract or an Exhibit 10 Contract. Golden State also had 3 players on Two-Way Contracts, but waived one of them today (Alex Toohey, who is out for the season with knee surgery). That allowed Golden State to sign Malevy, who they have also liked for a long time. They were interested in signing Malevy last year as a free agent, but he chose to sign with Oklahoma City..
There are stipulations for the Two-Way Contract-
The player can split their time between the G-League team and the NBA team, and the salary is half the NBA rookie minimum salary. The Two way contract can be continued for as long as 2 years, but has a maximum of 50 games games per year with the NBA team (Golden State has 57 games remaining this season). And the player does not have playoff eligibility, unless under emergency situation.
The good news for Malevy is a big boost in salary. A standard G-League contract pays around $45,000-$50,000 per year. Some G-League players can negotiate a highler salary. The Two Way salary for 2025-26 pro-rated for the rest of the season will be around $500,000.
Malevy is now listed on the NBA team's 18-man active roster-
https://www.nba.com/warriors/roster
The Golden State press release (see below) states that he will wear #33 for the team, though the roster page currently shows him with his number from the OKC Blue, #17. But, one of Golden State's nine retired numbers is #17 (for Chris Mullin), so Malevy had to change numbers to #33.
Only 15 players can dress for any NBA game. Golden State's next game is Friday, Dec. 12. They have not yet announced whether he will stay with the NBA team, or go to their G-League team, the Santa Cruz Warriors. Currently, the Santa Cruz Warriors are in last place in the G-League West Division, with a 1-11 record, the worst record in the entire G-League.
gleague.nba.com
Golden State's press release-