Former Florida center Marreese Speights will receive a hefty payday as
the 16th overall pick in the first round of the NBA draft.
Speights will likely receive a two-year, guaranteed contract in the $3-4 million range, according to the current NBA rookie salary grade that slots salaries based on where players are drafted.
Last year’s 16th overall pick, USC guard Nick Young, earned a shade more than $1.6 million in his rookie season with the Washington Wizards. This year, in the second year of a guaranteed deal, Young will earn $1.7 million. The Wizards hold a team option for $2.6 million in the third year of the contract, with the fourth year of the contract worth a potential $3.7 million.
Speights’ agent, Andy Miller, will likely negotiate a three-to-four year deal with the Sixers. The first two years of the deal are guaranteed under the NBA’s collective bargaining agreement.
Because of the salary scale, most contracts get done fairly quickly. Young signed his deal on July 5, less than three weeks after the NBA draft.