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Raptors Sign Bruno Caboclo

6:50pm: Toronto has made the signing official in a team release. Whether Caboclo received the full 120% rookie scale salary has yet to be revealed, but presumably that’s the case.

11:13am: The Raptors have signed surprise No. 20 overall pick Bruno Caboclo, as Caboclo revealed on his verified Twitter account (hat tip to Ryan Wolstat of the Toronto Sun). He’s likely in line for a salary worth $1.458MM this season, assuming he signs for the standard 120% of the rookie scale, as our chart of salaries for 2014 first-round picks shows.

Wolstat wrote last week that the 18-year-old Caboclo was likely to join the team for the coming season, even though there seemed to be a strong chance the unheralded small forward would remain out of the NBA for another year or two. The 6’8″ Brazilian wasn’t on Jonathan Givony’s DraftExpress final rankings of the top 100 prospects in the 2014 draft. Still, the Jazz and Suns were reportedly interested in him as well, and though the Raptors had promised to draft him 37th overall, they did so at No. 20 to get the jump on Phoenix and Utah.

The Raptors are also likely to add another recent first-round pick from Brazil for next season after acquiring the rights to 7-footer Lucas Nogueira from the Hawks late last month. 

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