August 18, 2022

The Orlando Magic shocked a lot of the league by taking Paolo Banchero with the No. 1 general decide within the 2022 NBA Draft. By transferring to the highest of the draft, the Duke star added a number of million {dollars} to his checking account. 

Gamers who get drafted are paid in keeping with the NBA’s rookie wage scale. Whereas there’s a little room for negotiation, first-round picks signal contracts primarily based on how excessive they have been drafted and the league’s wage cap of their first season.

First-round draft picks can signal for anyplace between 80% and 120% of their slot within the rookie wage scale. Rookie contracts are 4 years lengthy, and solely the primary two seasons are assured.

After being picked first within the 2021 NBA Draft, Cade Cunningham signed a four-year, $45.59 million contract. It was essentially the most cash the Detroit Pistons might give the rookie primarily based on the $112.4 million wage cap.

It’s estimated that the NBA may have a $122 million wage cap for the 2022-2023 season. Utilizing that determine, Orlando can provide Banchero a four-year contract value as much as $49.4 million, in keeping with Spotrac. 

Banchero’s wage will improve every season. The ahead is projected to make a median wage of $11.15 million in his first two years.

The Oklahoma Metropolis Thunder chosen Gonzaga’s Chet Holmgren with the No. 2 general decide. Holmgren’s four-year deal is projected to be value $44.2 million, together with $20 million assured within the first two seasons, in keeping with Spotrac.

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For weeks, up till draft day, Auburn’s Jabari Smith was projected to be chosen by the Magic. Smith fell to the Houston Rockets at No. 3 general. With a projected four-year, $39 million contract, Smith would possibly’ve misplaced greater than $10 million in complete wage by Orlando’s determination to seize Banchero as an alternative.

The Sacramento Kings are projected to pay No. 4 decide Keegan Murray $35 million over 4 years. Jaden Ivey is more likely to get a deal value as much as $32.5 million after being picked fifth by Detroit.

Paolo Banchero walks out along with his household throughout introductions in the course of the 2022 NBA Draft at Barclays Middle on June 23, 2022 in New York Metropolis. Photograph: Arturo Holmes/Getty Pictures

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