The contracts of rookie players are set by the CBA with little variation. All draftees have a four year contract. For 1st round players all four years are guaranteed. (Also each 1st round draft choice is subject to a fifth year option.) Each player will get a signing bonus, determined by their draft position. For those drafted in rounds 2 and 3 the signing bonus is large enough to make cutting them the first year impracticable due to the CAP hit.
The contracts of rookie players are set by the CBA with little variation. All draftees have a four year contract. For 1st round players all four years are guaranteed. (Also each 1st round draft choice is subject to a fifth year option.) Each player will get a signing bonus, determined by their draft position. For those drafted in rounds 2 and 3 the signing bonus is large enough to make cutting them the first year impracticable due to the CAP hit.
This is good information. I guess the league and the players union compromised – lower rookie salary structure for the first round picks in exchange for four years guaranteed.