5:58pm: Jason Jones of The Sacramento Bee hears McCallum received a guaranteed three-year contract (Twitter link).
5:50pm: The Kings have officially signed Ray McCallum, the 36th pick in last month's draft, the team announced in a press release. Financial terms weren't disclosed, but it's probably a partially guaranteed multiyear deal, based on what we've seen a few other second-rounders sign for this year. It's unlikely he'll make much more than the minimum salary.
McCallum, a 6'2" point guard out of the University of Detroit, will join fellow rookie Ben McLemore on the Kings this season. The steady floor general figures to have an uphill battle for minutes, with veteran Greivis Vasquez set to start and Isaiah Thomas and Jimmer Fredette also on the roster.
The 22-year-old McCallum averaged 18.7 points, 4.5 assists and 2.1 turnovers per game this past season at Detroit. He's not a long-distance shooter, having drained just 32.3% of his three-point looks last year, but he hit the boards for 5.1 rebounds per contest.