3:26pm: GM Danny Ferry says Scott's contract includes some guarantees and that the rookie big man "will be on the team this year," tweets Cunningham.
3:00pm: The Hawks have officially signed Scott, according to a team press release. The two-year contract is for the minimum salary and includes "few, if any, guarantees," according to Michael Cunningham of the Atlanta Journal Constitution.
12:27pm: The Hawks have agreed to terms on a two-year deal with second-round pick Mike Scott, reports Adrian Wojnarowski of Yahoo! Sports (via Twitter). Scott, the 43th overall pick in June, was one of a handful of second-rounders who were not yet under contract for the coming season.
As we noted earlier today when we discussed Quincy Miller's contract offer from the Nuggets, today represents a deadline of sorts for second-round picks. If teams don't submit a required tender to their second-rounders, the players become free agents. Rather than tendering Scott a one-year offer, the Hawks agreed to terms on a multiyear contract, though I imagine it's only partially guaranteed.
Scott, 24, racked up 18.0 points and 8.3 rebounds per game while shooting 56.3% from the floor in his final year at the University of Virginia. The 6'9" forward will be the 14th player under contract for Atlanta.