6:40pm: The signing is official, the team has announced.
5:20pm: The Jazz have signed the No. 5 overall pick Dante Exum, reports Jody Genessy of the Deseret News (Twitter link). He’ll likely receive slightly more than $3,615,000 this coming season, as our chart of salaries for 2014 first-round picks shows, and confirmed by Gennesy via a second tweet. Exum joins No. 23 overall pick Rodney Hood, who signed earlier today, in Utah.
Exum will most likely begin his career as a shooting guard, but may eventually shift over to the point guard position, especially if last year’s first rounder, Trey Burke is unable to develop into an effective starter.