$8.76 million for four years. Here is the contract that has just been signed colby jones with the Kings. Chosen in the second round of the last Draft, in 34th position, the rookie from Xavier University will have two years fully guaranteed on this contract.
He thus becomes the very first player to benefit from a “second round exception”, a contractual provision of the new collective agreement. His contract includes a “team option” for the last year.
According to the Sacramento Beethanks to this new type of contract, teams can sign a player for three years with a salary in the first year equivalent to the minimum annual salary of a player with one year’s seniority, or a four-year contract with a salary in first year equivalent to the minimum annual salary of a player with two years of seniority.
Until now, if franchises wanted to sign players drafted in the second round for more than the minimum for rookies, over more than two seasons, they had to do so using their salary margin or exceptions. Now they can do it thanks to these new kind of rookie contracts.
We recall that Sacramento had set up a transfer to climb four ranks in the second round of the Draft, and thus ensure the selection in 34th place of Colby Jones, whose versatility the Kings greatly appreciate.
