On Monday, the Timberwolves announced that they officially signed 1st round draft selection, Zach LaVine, to his rookie contract:
#Twolves officially sign 2014 first-round draft pick Zach LaVine. Per team policy, terms of the deals were not released.
— Timberwolves PR (@Twolves_PR) July 8, 2014
While official team rules don’t allow for it, a little digging suggests that the deal would likely be worth a little under $5.4 million for the next three seasons, with the following breakdown: $1,713,200 in 2014/15, $1,884,600 in 2015/16, and $1,965,700 in 2016/17. The new CBA calls for a 4th year option and a 5th year Qualifying Offer. As the 13th pick in the draft, the Wolves would owe LaVine a 42.9% increase on his official third year salary with that 4th year option and then a 38.3% increase on top of his official fourth year salary for his Qualifying Offer. [Read more…]