6:32pm: The Jazz have officially confirmed that they've signed Murphy, though terms of the deal were not released. Steve Luhm of the Salt Lake Tribune first reported the signing once it became official (via Twitter).
4:34pm: The Jazz are close to a deal with Kevin Murphy, whom they took with the 47th pick in June's draft, reports Steve Luhm of The Salt Lake Tribune (Twitter link). The 6'6" Murphy averaged 20.6 points and 5.2 rebounds as a senior for Tennessee Tech last year.
Fellow Salt Lake Tribune scribe Brian T. Smith reported the two sides were making progress on a deal back in August, and that the Jazz were hopeful to have him in camp. If they want to go above the minimum to sign him, the Jazz could use part of their mid-level exception, since they have $2.5MM left after giving $2.5MM to Randy Foye earlier in the summer. The Jazz currently have 14 players on fully guaranteed deals, so bringing in Murphy would put them at the 15-man regular season limit.
Most of the second-round picks who have signed this year have gotten the minimum salary or slightly more in the first year of their deals, followed by one or two more non-guaranteed seasons at the minimum, so Murphy could be in line for a deal with a similar framework. He was one of a handful of unsigned picks when I provided an update on second-rounders earlier this month.