The Magic have signed No. 2 overall pick Victor Oladipo, the team announced via press release. His rookie-scale figure is close to $4MM, so he’s likely to receive a first-year salary equal to 120% of the scale amount, like most first-round picks. That would give him slightly more than $4.76MM, as our salary chart for this year’s first-rounders shows.
The signing of first-round picks is one of the few transactions allowed during the July Moratorium, so the move is official. Oladipo gives the Magic a high-energy defender with a rapidly improving offensive game. When I examined his potential this spring, I figured Oladipo would continue his rise on draft boards around the league, and he wound up just one pick shy of the top spot.
He was a full-time starter for just one season in high school and two at Indiana University, but the 21-year-old wound up eclipsing fellow shooting guard prospect Ben McLemore in the eyes of the Magic, who have appeared ready to deal Arron Afflalo to clear a space in the lineup for Oladipo.