Garuba had been the last of this year’s 30 first-round picks who remained unsigned. The process was held up a little due to the fact that he was participating in the Tokyo Olympics and had to finalize a buyout agreement with Real Madrid, his team in Spain.
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As a result of that team-friendly buyout, Garuba owes Real Madrid in excess of two million Euros, but will be able to pay it off in installments. He should more than make up that amount in the NBA based on the terms of his rookie deal. Assuming he signed for the standard 120% of the rookie scale, Garuba will earn $2.35MM as a rookie and $11.81MM over the course of four seasons.
Garuba, 19, had been a member of Real Madrid since 2017 and was a regular part of the team’s rotation in 2020/21. He was named the ACB Best Young Player and received the EuroLeague Rising Star award, then was one of four prospects selected by Houston in this first round of the 2021 draft.