1:42pm: Katz provides some additional details on Dadiet’s contract, tweeting that only the first year will be at 80% of the rookie scale amount, with years two through four jumping to 120%.
All told then, Dadiet’s deal will be worth $13,012,968 (instead of $13,917,008) over four years.
12:33pm: The Knicks have finalized a buyout with Ratiopharm Ulm, Pacome Dadiet‘s team in Germany, clearing the way for them to sign their first-round pick to his rookie scale contract, reports Michael Scotto of HoopsHype (Twitter link).
Interestingly, according to Fred Katz of The Athletic (Twitter link), the Knicks have signed Dadiet to a contract that will be worth 80% of the standard rookie scale amount for the No. 25 pick, instead of the usual 120%. That’s the minimum allowed for a first-round pick.
As our breakdown of rookie scale salaries shows, a “maximum” rookie scale contract for Dadiet would’ve started at $2,712,120. However, 80% of his rookie scale amount will work out to a first-year salary of $1,808,080. As Katz notes, that’ll give the team about $904K in extra spending flexibility below its second-apron hard cap for 2024/25.
An NBA team is permitted to pay up to $850K to a player’s international team as part of a buyout agreement in 2024/25 without that amount counting against its cap. The NBA club would be permitted to pay more than that, but any amount above $850K would count against the player’s cap hit. For instance, a $1MM buyout for a player who will earn a $2MM salary would result in a $2,150,000 cap hit.
League sources tell Ian Begley of SNY.tv (Twitter link) that the Knicks, not coincidentally, paid exactly $850K to Ratiopharm Ulm, meaning Dadiet’s cap hit will be equivalent to his salary and won’t include any portion of his buyout.
This is likely an arrangement the Knicks discussed with Dadiet and his representatives before selecting him rather than springing a lower offer on him after drafting him.
The 18-year-old French wing averaged 6.4 points and 1.6 rebounds in 14.9 minutes per game across 18 EuroCup appearances for Ulm last season.
Knicks should try to get Tristan Vukcevic
1mil in NY?! Dude is not going to see real money in his rookie year smh.
Can’t rent a dumpster in New York for that price
He’s not going to be in NY for a while
This guy & Zacch Risacher had an incredible matchup in a EuroCup game earlier this yr. Both guys going at each other, making skillful plays & showing why they’re future NBA players… link to m.youtube.com
Both these guys have legit size. Risacher definitely has game. He’s a legit 2way player with star upside. I still believe Sarr should have been the pick.
For all grief Thibs gets for not playing young guys. This draft tells a different story. Very impressive.
Good. He had the option of playing out his last year over there. This works too though. Anxious to see what he has.
He was one of Keith smiths (spotrac ) “my guys “before the draft . Was very excited when his name got called and said Nyk got a steal if they are patient
He is their only young guy. Time to sign three young guys on two ways. A PG, SG and a PF or C
I can’t see him in NBA. I know he’s got size. Rose has used the G-league well to develop talent. This is a swing for the fences …
that could pay off.
Kolek, McCullar have a chance to help this yr. Knicks drafted 3 older players 22yrs old. Hukporti is a big that Thibs can work with. He really could help. Even in second half of season.
Considering all were drafted in second rd. It’s an impressive draft to me. All have a legit chance to help. Even down the road or as trade assets as they develop their game.
Yeah I actually really like what the knicks did this off-season. If they stay healthy I think it’s them and the Celtics in the east