The Nets have signed first-round pick Caris LeVert to his four-year, rookie-scale contract, the team announced today in a press release. LeVert was formally selected by the Pacers in last month’s draft, but Indiana was making the pick on behalf of the Nets, who had agreed to send Thaddeus Young to the Pacers in exchange for the No. 20 overall selection.
LeVert, 21, was something of a surprise pick at No. 20 for the Nets, given his health issues in recent years. In his junior and senior seasons at Michigan, LeVert appeared in only 31 total games, playing just over 15 minutes per contest. The young guard flashed plenty of potential, averaging 16.4 PPG, 5.4 RPG, and 4.9 APG in his senior year, but he’ll have to shake the injury-prone label in the NBA.
As our breakdown of salaries for 2016’s first-round picks shows, LeVert will be in line for a first-year salary of about $1.562MM, with an overall value of about $7.523MM on his four-year rookie contract.