The Wizards have locked up their 2013 draft picks, according to Michael Lee of the Washington Post, who reports (via Twitter) that Otto Porter and Glen Rice Jr. have signed their respective deals.
Porter, the third overall pick, will be on a standard rookie-scale contract, which figures to pay him about $4.28MM in his first NBA season, as our chart of rookie salaries shows. Rice, on the other hand, was a second-round pick (35th overall), meaning he isn't subject to the same scale.
The terms of Rice's deal aren't known, but the Wizards are believed to have committed their mid-level exception to Martell Webster and their bi-annual exception to Eric Maynor. If that's the case, it would leave room for just a minimum-salary contract for Rice.