The Pacers have signed second-round pick Johnny Furphy to a four-year, $8.59MM contract, Michael Scotto of HoopsHype tweets. The fourth year is a team option.
Furphy was projected as a first-round pick and even had a green room invite but slipped to the second round. He was part of a draft night trade after being selected by the Spurs with the No. 35 selection.
Indiana is using the second-round exception to sign Furphy. The max allowed under the second-round exception on a four-year deal is around $9.06MM, so Furphy took a little less than that.
Players who are signed using the second-round pick exception won’t count against a team’s cap between July 1 and July 30 of their first season.
He averaged 9.0 points and 4.9 rebounds in 24.1 minutes per game in his one-and-done season at Kansas.
Furphy for fhree points !
Lol
Interesting to see how the new second round exception is being used. I would’ve thought a guy selected this high in the second round, particularly a guy like this with a first-round grade, would get the max allowable, weird that he took $500k less. Weirder that they offered less to begin with… seems like an inexpensive way to build good will.
He may have asked for a 4th year of initial security instead of the max ?
The fourth year is a team option, which is a requirement of the exception.
Three guaranteed years is somewhat rare for a second-rounder (only three guys got that last year; Kolek is the only other one so far this year). Furphy is assured of more guaranteed money (about $6.1MM) than the last eight picks of the first round.