Is it possible for a two-way player to hold Bird Rights?

A two-way player can indeed hold Bird Rights if they meet specific service criteria. Bird Rights are a mechanism in the NBA Collective Bargaining Agreement that allows teams to exceed the salary cap to re-sign their own players who meet certain eligibility requirements, primarily related to years of service with the team.

For a player to qualify for Bird Rights, they typically must have been with the same team for at least three consecutive seasons or have received a qualifying offer at the end of their previous contract. If a two-way player meets these criteria, such as being promoted to a standard NBA contract and fulfilling the necessary time on the roster, they can gain Bird Rights. This provides teams with valuable flexibility to retain the player's services despite salary cap constraints.

Other options presented, like the idea that only standard contract players can have Bird Rights, or suggesting that it only applies during playoff seasons or if players switch teams, oversimplify or misrepresent the rules around Bird Rights. Understanding the eligibility criteria of Bird Rights is crucial for managing player contracts effectively within a franchise.