Reed gets a four-year deal, with the first year fully guaranteed at likely around $1.3-1.4 million to start (years and guarantees are confirmed, but the salary is not confirmed. See below*). The second year, 2018-19, is half-guaranteed with a 6/30/2018 guarantee date while the last two years are non-guaranteed with no set guarantee date (i.e. mid-January of each season to guarantee the remainder of the season).
The length of the Reed contract is that of a first-round pick, but with just a bit fewer guarantees: first round picks get two fully guaranteed years and the distinction of “team option” versus “non guaranteed” in years three and four. The team option requires a decision before the league year starts on July 1, while non-guaranteed deals give the team until mid-season to full guarantee the whole season.
If he works out well, the Suns have him for four full years on a great contract. And if he washes out, the Suns are on the hook for only 1.5 years of salary.
Programming note: Tyler Ulis, Devin Booker, T.J. Warren, Derrick Jones Jr., Marquese Chriss and Dragan Bender all get raises this year too over what they were originally signed to make in 2017-18 thanks to the new CBA. The new CBA specifically gives that raise to those making the NBA minimum and those on rookie contracts, but the raise does NOT count against the salary cap because that would be detrimental to teams. Reed’s contract DOES fully count against the salary cap, as does Josh Jackson’s which is now higher than last year’s #4 pick Dragan Bender.
Here are some notes:
• Rookie Scale/Existing Rookie Scale Contracts. The Rookie Scale will also be increased 45%, with the increase phased in over three years. The Rookie Scale will increase or decrease annually beginning in 2018-19 at the same rate as the Salary Cap. As under the 2011 CBA, there will be a new Rookie Scale each season. Going forward, the Rookie Scale for a season will be issued prior to the start of the Moratorium Period for that season to reflect the increase or decrease in the Salary Cap from the prior season. Existing Rookie Scale contracts will be amended to reflect the 45% increase (phased in over the three-year period). The salary increases for existing Rookie Scale contracts will be funded collectively through a league-wide fund.
• Minimum Annual Salary Scale. As with the Rookie Scale, there will be a new Minimum Annual Salary Scale issued each season prior to the Moratorium Period for contracts, including multi-year contracts, signed that season. The 2017-18 Minimum Annual Salary Scale will increase minimum salaries for that season by 45%. The revised amounts will increase or decrease annually beginning in 2018-19 at the same rate as the Salary Cap.
The University of Miami product was the 32nd overall pick in last month’s NBA Draft.
Last season with the Hurricanes, Reed earned Third Team All-ACC Honors and was named to the All-ACC Defensive team.
A significant contributor all four years, the 22 year-old appeared in 131 games in his collegiate career. Last season he averaged career highs of 14.9 points and 4.8 rebounds per contest.
The Summer Suns roster will feature a half-dozen players younger than Reed. Here’s your roster:
Here's the Suns' summer league roster for Las Vegas pic.twitter.com/PZPdSKjNiB— Kellan Olson (@KellanOlson) July 4, 2017
No Tyler Ulis, no Alec Peters due to injury.
Phoenix NBA Summer League action from Las Vegas gets underway Friday when the Suns meet the Sacramento Kings at UNLV’s Thomas and Mack Center. Tip is scheduled for 7:30pm PT, and you can catch the game on ESPN2.