The Lakers have officially signed first-round pick Moritz Wagner to his rookie scale contract, the team announced today in a press release. While most signings can’t be completed during the July moratorium, there’s nothing stopping first-rounders from formally inking their rookie deals during the first week of July.
Wagner, the 25th overall pick in last month’s draft, played his college ball at Michigan and posted 14.6 PPG to go along with 7.1 RPG in 2017/18. The 6’10” forward also flashed stretch-four potential, knocking down 38.5% of his threes in his three-year college career.
Wagner’s salary in 2018/19 figures to be approximately $1.76MM, which is 120% of his rookie scale amount.
The fact that Wagner has formally signed his deal won’t impact the Lakers’ cap room for this summer, since he was already on the team’s books with a cap hold equivalent to his new rookie salary. However, it does mean that he can’t be included in a trade for the next 30 days.