Hornets sign Davis, Rivers to rookie contracts

Hornets sign Davis, Rivers to rookie contracts

Credit: Getty Images

NEWARK, NJ - JUNE 28: Anthony Davis of the Kentucky Wildcats walks off stage after he was selected number one overall by the New Orleans Hornets during the first round of the 2012 NBA Draft at Prudential Center on June 28, 2012 in Newark, New Jersey. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Elsa/Getty Images)

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by Associated Press

WHAS11.com

Posted on July 24, 2012 at 3:43 PM

Updated Tuesday, Jul 24 at 3:44 PM

NEW ORLEANS (AP) -- New Orleans Hornets first-round draft choices Anthony Davis and Austin Rivers have signed their rookie contracts.

The moves, announced by the club Tuesday, are formalities for players chosen in the first round. The values of their rookie deals are outlined in the NBA's collective bargaining agreement.

As the first pick in this summer's draft, the 6-foot-11 Davis receives a three-year guaranteed contract worth a little more than $16 million, with just over $5 million paid in the first year.

Rivers, a 6-4 guard picked 10th overall, receives a three-year guaranteed deal worth nearly $5.9 million, with nearly $1.9 million paid during his rookie season.

The Hornets' second-round pick, 6-8 forward Darius Miller, still must negotiate his contract. Generally, contracts for second-round picks are not fully guaranteed.

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