How much money 2024-25 NBA Draft First round picks will earn, first year Rookie Salaries.
The 2024 NBA Draft is in the Books.
The Atlanta Hawks selected teenage French forward Zaccharie Risacher with the first overall pick of the NBA draft.
It is the second year running that a French player has been chosen first.
Last year there was little doubt Victor Wembanyama would be the number one pick, whereas this year Risacher and fellow Frenchman Alexandre Sarr have frequently traded places atop mock drafts over the past month.
How do rookie contracts work in the NBA Draft?
A player selected in the first round of the NBA draft signs what's known as a rookie-scale contract. Each first-round draft slot has an assigned rookie-scale figure based on the salary cap. A player can sign for anywhere from 80-120% of their respective rookie-scale figure.
- A rookie-scale contract carries two guaranteed years with a team option for Years 3 and 4. If an extension isn't reached by the end of the fourth year, a team can extend a qualifying offer to make the player a restricted free agent.
- A player drafted in the second round can be signed via cap space, an exception or a two-way deal. The minimum salary for a first-year player next season is $1.12 million.
How much money will NBA rookies make in 2024-25?
With a reported projected salary cap of $141 million for 2024-25 season, the No. 1 overall slot in this year's draft has a first-year rookie-scale value of $10.50 million.
Last year, 2023 NBA salary cap of $136 million, the No. 1 overall slot earned first-year rookie-scale value of $10.13 million.
- There's more than a $1 million dropoff from the first to second pick, as Scoot Henderson or Brandon Miller would project to have a first-year rookie-scale figure of $9.06 million as the No. 2 selection.
The dropoff from second to third ($8.14 million) is a bit smaller.
Here's a full look at the projected first-year rookie-scale figures of each first-round draft slot, per RealGM.com:
Pick - 1st Yr Slary - 2nd Yr Salary - 3rd yr Salary,option - 4th Year - Qualify offer
1 $10,504,800. $11,030,300. $11,555,400. 26.10% 40.00%
2 $9,398,900.00 $9,869,000.00 $10,339,100.00 26.20% 40.50%
3 $8,440,400.00 $8,862,200.00 $9,284,600.00 26.40% 41.20%
4 $7,609,800.00 $7,990,500.00 $8,371,100.00 26.50% 41.90%
5 $6,891,200.00 $7,235,500.00 $7,580,200.00 26.70% 42.60%
6 $6,258,900.00 $6,571,900.00 $6,885,000.00 26.80% 43.40%
7 $5,713,700.00 $5,999,600.00 $6,284,900.00 27.00% 44.10%
8 $5,234,400.00 $5,496,200.00 $5,757,900.00 27.20% 44.80%
9 $4,811,500.00 $5,052,300.00 $5,292,800.00 27.40% 45.50%
10 $4,570,900.00 $4,799,400.00 $5,027,700.00 27.50% 46.20%
11 $4,342,300.00 $4,559,600.00 $4,776,800.00 32.70% 46.90%
12 $4,125,400.00 $4,331,800.00 $4,538,000.00 37.80% 47.60%
13 $3,919,000.00 $4,115,100.00 $4,311,000.00 42.90% 48.30%
14 $3,723,300.00 $3,909,500.00 $4,095,700.00 48.10% 49.10%
15 $3,536,800.00 $3,713,600.00 $3,890,500.00 53.30% 49.80%
16 $3,360,200.00 $3,528,100.00 $3,696,300.00 53.40% 50.50%
17 $3,191,900.00 $3,351,600.00 $3,511,200.00 53.60% 51.20%
18 $3,032,600.00 $3,183,900.00 $3,335,800.00 53.80% 51.90%
19 $2,896,000.00 $3,040,700.00 $3,185,800.00 54.00% 52.60%
20 $2,780,000.00 $2,919,000.00 $3,057,800.00 54.20% 53.30%
21 $2,668,800.00 $2,802,400.00 $2,935,900.00 59.30% 54.10%
22 $2,562,200.00 $2,690,200.00 $2,818,300.00 64.50% 54.80%
23 $2,459,800.00 $2,582,900.00 $2,705,500.00 69.70% 55.50%
24 $2,361,500.00 $2,479,600.00 $2,597,600.00 74.90% 56.20%
25 $2,266,700.00 $2,379,900.00 $2,493,700.00 80.10% 56.90%
26 $2,191,700.00 $2,301,200.00 $2,410,700.00 80.30% 57.60%
27 $2,128,500.00 $2,234,900.00 $2,341,600.00 80.40% 58.30%
28 $2,115,200.00 $2,221,300.00 $2,327,000.00 80.50% 59.00%
29 $2,100,100.00 $2,205,000.00 $2,310,100.00 80.50% 60.00%
30 $2,084,700.00 $2,188,900.00 $2,293,400.00 80.50% 60.00%
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