The Cavs have signed first-round picks Dion Waiters and Tyler Zeller to rookie contracts, according to a team release. Waiters, 20, was selected fourth overall by Cleveland after starring at Syracuse in the backcourt. Zeller, 22, was drafted 17th overall by the Mavericks and dealt to the Cavs in a draft night trade. The former UNC forward/center won the ACC Player of the Year award during his senior year. Bob Finnan of The News-Herald says Waiters received a four-year $16.7MM deal while Zeller obtained a four-year, $7.4MM contract (Twitter links).