PG picked by Mem at #17 in 2016, waived I believe a few days ago http://www.espn.com/nba/player/_/id/3136696/wade-baldwin-iv
Strengths: Baldwin possesses good size and length for a combo guard ... Measuring in at 6'3" with a 6'11" wingspan and 195 lbs, he has the length to make up for his lack of height ... Attacks the rim with ferocity and is very difficult to contain ... Already a strong defender, capable of guarding multiple positions ... Uses his length and strength to force opposing players into tough shots ... Has the lateral quickness to stick in front of smaller guards ... Plays very aggressively on both ends of the court ... Has strong numbers shooting from outside (above 40% from three in both seasons at Vanderbilt) ... Has a compact release that is easily replicated on each attempt ... Shoots well off both hop and one-two gathers ... Solid at the free throw line as well ... Does a good job of finding the open teammate ... Delivers the ball on target and into the shooter's pocket ... Plays with an excellent pace ... Knows when to pull up and when to bring it out on fastbreaks ... Very efficient player ... Weaknesses: Questions remain about his ability to truly play the PG position ... Doesn't have an impressive handle ... Needs to get lower while dribbling ... Often tries to use his strength alone to get by his defender ... Baldwin is a late-bloomer on the court ... Still working on his knowledge and understanding of the game ... Will at times dribble himself into trouble ... Needs to develop a go-to dribble move ... Point guard instincts are lacking, not a natural at distributing and running the team ... Isn't an elite-level athlete ... Tight hips limit his flexibility ... Has trouble finishing at the rim ... Must work on developing his in between game ... Has a low release point on his jump shot ... Still uncomfortable when forced to his weak hand ... Doesn't draw many fouls despite consistently being in the paint ... Can be too nonchalant on defense at times ... Too upright in his stance and relies only on his length to make plays ... Too inconsistent from game to game ... Has underperformed against tougher competition ... Can get caught driving into the paint without having a plan ... Could stand to improve his shot selection ... Shooting numbers are very good, but questions remain about his form and ability to extend range and shoot with the same efficiency with volume ... Overall: Baldwin possesses a body-type and frame that hasn't been seen often in NBA point guards ... If he can continue to develop his game at the rate he's done since entering college he will soon become a difference maker ... Potential to play point guard along with great length has some very excited about his prospects .
Beginning in the 2017 offseason, NBA rosters expanded from 15 to 17 players with the addition of two spots for players under “Two-Way Contracts.” NBA teams may have up to two players under NBA Two-Way Contracts who will spend the bulk of the season in the NBA G League and not more than 45 days with their NBA team. Two-Way players are paid a corresponding daily amount based on the number of days they play in each league. Only players with four or fewer years of NBA service are able to sign Two-Way Contracts, which can be for either one or two seasons.
It's the hand that feeds him. As for Baldwin, his physical profile seems interesting (I have a thing for guards with plus wingspans ok shut up) but I've never really seen him play.
Basically it means they play in the "G-League" http://hoopshype.com/2017/07/19/hoopshype-explains-how-do-two-way-contracts-work/