Mainstreet, >>As I understood it years ago, players used to sign a make-good contract prior to participating in summer league. So if they made the team, I believe they were already under contract.
However, I have seen FA's now being signed to guaranteed contracts prior to summer league.
Anyone know if the Suns retain his rights if another team offers him a guaranteed contract or how it works?<<
I seem to recall players being signed by teams other than the one that had them on their summer league team. Stephen Graham played for us last summer but signed on with the Spurs during training camp, for example. Of course, the Suns could have released him from some kind of a make good contract before the Spurs signed him. My guess is that the team and the player can sign a variety of summer league contracts - make good or just for a certain duration. IIRC, when you hear about 'make good' contracts they are for training camp, not summer league.