Former Virginia star Joe Harris has achieved a rarity for an NBA second-round draft choice -- a guaranteed contract.
Sources have told The Daily Progress that the Cleveland Cavaliers, who picked Harris with the 33rd overall selection in last month's draft, have given Harris a guaranteed two-year deal.
This definitely bodes well for Harris' NBA future. With a guaranteed deal, he no longer has to worry about making the Cavs' roster and can focus solely on catching alley-oops from new teammate LeBron James (I kid).
Harris will have his work cut out in earning playing time. The Cavs recently signed veteran wing Mike Miller and are said to be interested in bringing in Ray Allen, James' good friend and former teammate.
According to NBA salary cap guru Larry Coon, second round picks do not have any specific salary restrictions. They may sign for any amount from the minimum to the maximum, but players who last to the second round of the draft seldom command more than the minimum salary.
Last season, Cleveland also gave a second-round pick a guaranteed contract. Big man Carrick Felix, who was picked in the identical spot as Harris (33rd overall), reportedly signed a four-year deal worth up to $3.3 million.
According to reports, Felix made $510,000 this past season and will make $816,482 this coming season. However, his third-year salary of $947,276 is not guaranteed, and the team has an option for his fourth year at $1,015,696.