The Sixers have officially signed first-round pick Jared McCain to his first NBA contract, the team announced today in a press release.
The 16th overall pick last Wednesday, McCain declared for the draft as an early entrant following his freshman year at Duke. In 36 games (all starts), he averaged 14.3 points, 5.0 rebounds, 1.9 assists, and 1.1 steals in 31.6 minutes per contest, with a shooting line of .462/.414/.885.
Assuming McCain signed for the maximum allowable 120% of the rookie scale amount for the No. 16 pick, he’ll earn about $4.02MM as a rookie and $19.45MM across a total of four seasons, assuming his third- and fourth-year options are eventually exercised.
Signing McCain before completing their other roster moves doesn’t affect Philadelphia’s cap room, since the team already had to account for a cap hold for the 6’3″ guard equivalent to 120% of his rookie scale amount.