10:14pm: Bogdanovic’s NBA escape clause for the summer of 2016 involves a buyout of 1 million euros, according to Nikos Varlas of Eurohoops.net. That’s the equivalent of more than $1.36MM at today’s exchange rate.
11:08am: Suns first-round pick Bogdan Bogdanovic has officially signed with Fenerbahce Ulker of Turkey, the team announced on Twitter (hat tip to Sportando’s Emiliano Carchia). NTV Spor’s Ismail Senol originally reported the deal (Twitter link; translation via Carchia), which runs four years. It’s worth $4.6MM, according to Croatia’s Sportske Novosti (hat tip to Paul Coro of the Arizona Republic). The 21-year-old shooting guard, who was the 27th overall pick last month, won’t have a chance to get out of the contract and join the NBA for two years, as David Pick of Eurobasket.com reported earlier.
The Suns and Bogdanovic agreed in writing earlier this week that he wouldn’t sign an NBA contract this year, so his $930,500 cap hit was removed from Phoenix’s books. The Suns also drafted T.J. Warren 14th overall, Tyler Ennis 18th overall, and Alec Brown 50th overall this year, and there was little chance from the beginning that all of them would play for the team as rookies in 2014/15.
Bogdanovic played with Serbia’s KK Partizan last season and averaged 14.9 points and 3.7 assists in 30.2 minutes per game. If he doesn’t come to the NBA in 2016, he’ll no longer be bound by the rookie scale, so if he continues to develop, he might be in line for much more than NBA rookies are accustomed to, as Bulls prospect Nikola Mirotic seemingly will be. Bogdanovic is not to be confused with Nets draft-and-stash prospect Bojan Bogdanovic.