The Bobcats have signed Michael Kidd-Gilchrist, the No. 2 overall pick from last month's draft, the team said in a statement. Rick Bonnell of the Charlotte Observer pegs his salary at about $4MM for the coming season, but Kidd-Gilchrist is eligible for up to $4,602,720, which is 120% of the slotted amount for his position in the draft.
Most first-round picks sign for that 120% maximum, and it seems unlikely Kidd-Gilchrist would get anything less than that. A 6'7", 233-pound small forward who's known for his defense, Kidd-Gilchrist averaged 11.9 points and 7.4 rebounds in his lone season at Kentucky this year, teaming with No. 1 overall pick Anthony Davis to lead the Wildcats to the national championship.