Grizzlies sign first-round pick Desmond Bane to rookie contract

The final pick in the first round of the 2020 draft has signed his rookie scale contract, as the Grizzlies issued a press release Wednesday confirming they’ve locked up No. 30 selection Desmond Bane.

Bane, who tested the draft waters as a junior in 2019, returned to TCU for his senior year and had a strong season. He averaged 16.6 PPG, 6.3 RPG, and 3.9 APG on .452/.442/.789 shooting in 32 games (36.0 MPG) for the Horned Frogs.

The Grizzlies acquired Bane’s rights from the Celtics in a three-team trade that saw them surrender a pair of future second-round picks and cash while taking on Mario Hezonja‘s contract.

Assuming he receives his maximum allowable contract (120% of the rookie scale), Bane will have a first-year salary of $1.94M and projects to earn nearly $10M over the life of his four-year rookie deal.

Ten of 30 first-round picks have now officially signed their first NBA deals, as our tracker shows.