FRIDAY, 12:02pm: The signing is official, the team announced via press release.
6:03pm: The total value of the deal is about $4.2MM, as Michael Scotto of SheridanHoops hears (Twitter link).
THURSDAY, 5:54pm: The contract will run four years, with a team option on the final season, Fischer tweets. The first two seasons are guaranteed for a total of $2.1MM, according to Fischer.
WEDNESDAY, 1:44pm: The Sixers have agreed to a deal with 37th overall pick Richaun Holmes, reports Shams Charania of RealGM (Twitter link). The power forward from Bowling Green will see a “significant” amount of guaranteed money over the next two seasons, a league source tells Jake Fischer of SI Now (Twitter link). It’s unclear just how much he’s getting, but the deal will probably be similar to the four-year contract for more than $4MM that No. 36 pick Rakeem Christmas recently signed with the Pacers.
The 21-year-old, who’ll turn 22 in October, was a late bloomer who caught the eye of scouts out of the Mid-American Conference. He didn’t put up particularly eye-popping numbers this past season, averaging 14.7 points and 8.0 rebounds in 28.8 minutes per game, aside from his 41.9% three-point shooting, an especially valuable asset given his 6’10” height. Holmes spoke about the development of his shot and more in an April interview with Zach Links of Hoops Rumors. At that point, the Keith Kreiter client seemed like a late second-rounder, but he climbed into the top end of the round and ultimately didn’t seem like a reach, with Jonathan Givony of DraftExpress ranking him the 34th-best prospect in his final listings for this season while Chad Ford of ESPN.com pegged him 44th.
Holmes is one of three 2015 draftees to which the Sixers hold the rights, including No. 3 pick Jahlil Okafor and J.P. Tokoto, the 58th selection. Philadelphia avoids the scenario it was in with K.J. McDaniels, last year’s No. 32 overall pick, who remained unsigned right up until the end of training camp as he balked at a long-term deal. McDaniels instead penned a one-year, non-guaranteed tender for the minimum-salary, helping hasten his way off the Sixers at this year’s trade deadline and into a three-year, $10MM deal with the Rockets this summer.
What do you think of the chances that Holmes turns into a rotation-caliber player in the NBA? Leave a comment to give us your thoughts.