For the first time in several years, a first-round pick has accepted below the standard maximum of 120% of his rookie scale amount, tweets Jeff Siegel of Early Bird Rights. According to Siegel, No. 30 overall pick Kevin Porter Jr. will only earn 80% of his rookie scale amount during his first season before getting 120% of that amount in years two through four.
The rookie scale amount this year for the No. 30 pick is $1,613,700, so Porter’s expected salary for his rookie season would have been $1,936,440. Instead, he’ll get just $1,290,960, according to Siegel.
While this is just speculation, it seems likely that the Cavaliers would have checked in with Porter and his agent before drafting him to see if he’d be okay with that reduced first-year salary, given how rare it is. Porter, the final pick in the first round, will still earn significantly more than the rookie minimum of $898K that many early second-rounder selections will receive, while the Cavs, who are up against the luxury-tax line, will put themselves in better position to avoid potential repeater penalties.
Here are more contract details from around the NBA, all courtesy of Siegel unless otherwise indicated:
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