New York Knicks

Porzingis contract projects to about $18 million

Published Jul. 30, 2015 4:28 p.m. ET

foxsports

The Knicks announced the signings of 2015 first-round picks Kristaps Porzingis and Jerian Grant earlier Thursday, and now, some of the contract details are out.

Marc Berman explains the details of the rookie-scale deals over at the New York Post:

The Knicks have officially signed their two first-round picks, No. 4 selection Kristaps Porzingis of Latvia and former Notre Dame point guard Jerian Grant.

The rookie first-round pay scale has Porzingis projected to make about $18.4 million across four years. The final two years are not guaranteed on rookie pacts. Porzingis would start at a projected $4 million as a rookie. Grant’s starting salary, at No. 19, is projected at about $1.5 million.

The Knicks drafted Porzingis fourth overall in this past June's draft, and he impressed at Las Vegas Summer League earlier in July. Grant, meanwhile, is a Notre Dame alum who the Knicks targeted at No. 19 after trading Tim Hardaway Jr. to the Hawks for the pick.

(h/t New York Post)