As reported by Shams Charania of the Vertical, the Oklahoma City Thunder have signed Terrance Ferguson to a standard 4 year contract. As the 21st pick, Ferguson’s baseline salary is $1,487,500 for the first year. He can earn upwards of $1,785,000 (120% of his baseline salary) or as low as $1,190,000 (80% of his baseline salary).
Ferguson last played for the Adelaide 36ers in Australia. He played in 30 games (17 starts) and averaged 4.6 points and 1.1 rebounds while shooting 38% from the field and 31% from deep.
Apparently, Ferguson received clearance from FIBA on July 14th, but the Thunder and Ferguson likely kept it quiet until they were ready to sign Ferguson. With this signing, the Thunder now have 15 guaranteed contracts.
The long-standing national nightmare is over with. It was once thought that a protracted stand-off would lead to sanctions and eventually war. But cooler heads prevailed and Terrance Ferguson was finally granted clearance from FIBA. That clearance will allow Ferguson to sign his rookie contract. Every other first rounder from the 2017 Draft has already signed their contracts.
Those new uni’s look nice. Wonder what the other two uniforms will look like? Here are the Rumblings for this Thursday.
Fred Katz looks at the unsigned contracts of Russell Westbrook and Terrance Ferguson: “Yet, the reigning MVP has made the Thunder wait almost a month, already. And it could end up being longer — maybe forever, though the organization remains cautiously optimistic about the prospects of Westbrook signing for the long term before the start of the season. The reasons for the Thunder’s optimism along with the ones for Westbrook making the organization wait are still unclear. Yet, they’re consistent with the past. Westbrook waited a month last summer to sign an extension that was effectively for one season. And that was during a time when putting off re-signing tangibly affected the organization. The Thunder had to stay under the salary cap last summer to account for the raise in Westbrook’s 2016-17 salary after renegotiating it. Because of that, the team wasn’t able to bring in free agents and had to let former OKC guard Dion Waiters walk to the Miami Heat.” Continue reading Daily Thunder Rumblings – 27 July 2017→