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.