OCTOBER 21: The Wizards have made it official, formally picking up Oubre’s third-year option, per RealGM.
AUGUST 2: In an unsurprising move, the Wizards will exercise the third-year option on Kelly Oubre‘s rookie contract, reports J. Michael of CSNMidAtlantic.com. Washington won’t have to rush to make the move official, since the deadline for rookie-scale option decisions is still nearly three months away.
Rookie-scale contracts for first-round picks feature two guaranteed seasons, followed by two non-guaranteed team options. Teams must make decision on those options a year in advance, by October 31. Generally, those third- and fourth-year salaries are so affordable – particularly under the new salary cap – that it makes sense for teams to exercise those options unless the player has been a total bust.
Oubre, the 15th overall pick in last year’s draft, didn’t receive a ton of playing time in his rookie season, but flashed potential when he saw the floor. The 20-year-old, who played his college ball at Kansas, appeared in 63 games for the Wizards in 2015/16, averaging 3.7 PPG and 2.1 RPG in 10.7 minutes per contest.
Oubre’s contract will pay him about $2MM this season, while his third-year option for 2017/18 will be worth about $2.093MM. A year from now, the Wizards will have to make a decision on Oubre’s fourth-year option for 2018/19, which will pay him $3.209MM if it’s picked up.