Just to pass along the official word, the Chicago Bulls have signed both Aaron Brooks and Doug McDermott today. Neither contract details have been released, but the consensus is Brooks will most certainly receive a one-year deal on the veteran minimum salary. Meanwhile McDermott will receive the slotted rate for a rookie picked with the eleventh overall selection which comes out to $1,843,100 in year one and $1,916,700 in year two as guarantees.
McDermott’s third season becomes a team option which if picked up is just a shade under $2 million at $1,999,200, his fourth year is also still under team option which is 32.7 percentage increase over his third year salary.
It’s pretty worthless for the time being to speculate over what McDermott could make four years down the road, with restricted free agency potentially altering things as well as an extension between McDermott and the Bulls going into his fourth season, would. So for now the main takeaway is that McDermott’s under the Bulls’ control for a possibility of up to seven years, but is guaranteed only the first two years of money.
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