JULY 29th, 12:42 pm: Ferguson has signed the contract, Royce Young of ESPN.com tweets. FIBA clearance issues prevented him from signing earlier, Young adds.
JULY 27th, 8:55pm: The Thunder have agreed to a four-year deal with Terrance Ferguson, Shams Charania of The Vertical reports (Twitter feed). With Ferguson coming to an agreement with OKC, every first-round pick in the 2017 draft class is now under contract for the 2017/18 season.
The 19-year-old, who played for an Australian team last season, received clearance from FIBA to play in the NBA earlier today. Up until today, Ferguson was not eligible to sign an NBA deal because of the contractual conflict with his international club. He was also unable to play for the Thunder’s Summer League team because of the previously made agreement.
Ferguson, who was selected with the No. 21 overall pick in this offseason’s draft, is set to make roughly $10.33MM over the next four seasons assuming he signs for the standard 120% of the rookie scale.