Jazz Sign Trey Burke, Rudy Gobert

4:45pm: The Jazz also announced their official signing of Burke.

SATURDAY, 2:48pm: The Jazz have officially signed Gobert, according to their website.

FRIDAY, 8:35am: The Jazz have signed their two first-round picks to rookie contracts, according to Eric Pincus of HoopsWorld (via Twitter). While no official announcement has been made by the team yet, Pincus hears that Trey Burke and Rudy Gobert have been locked up.

The formal signing of a first-round pick is one of the few transactions that's allowed during the July moratorium. With the move, Burke's and Gobert's cap holds will be replaced by 120% of their respective amounts, assuming they each signed the maximum allowable rookie deal, which virtually all first-rounders do.

As our chart of likely first-round salaries shows, that would mean a first-year salary of about $2.44MM for Burke and $1.08MM for Gobert. Overall, the newly-signed contracts will amount to an increase of about $600K on the team's 2013/14 books. That difference should be negligible as Utah pursues free agents, since the club still has more than $25MM in cap room.

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