Report: Thunder And Terrance Ferguson Agree To Contract Terms

Thunder rookie shooting guard Terrance Ferguson speaks to reporters in Oklahoma City on June 24th. (Photo By: Randy Renner/InsideThunder.com)

Thunder rookie shooting guard Terrance Ferguson speaks to reporters in Oklahoma City on June 24th. (Photo By: Randy Renner/InsideThunder.com)

By Randy Renner, Senior Writer

It's taken a while for Thunder 1st round draft pick Terrance Ferguson to get his clearance from FIBA but now that it's happened he has reportedly agreed to contract terms with the Thunder.

Shams Charania of The Vertical reports the deal will be for four years, which is generally what's done.

More than likely the first two years will be guaranteed and the next two years will be team options.

Terms have not been disclosed yet but Ferguson could be paid between 80 and 120 percent of his rookie slotted salary of $1.487 million.

Ferguson is the last 1st round draft pick to reach a deal with an NBA team.

He played last season in Australia and had to receive clearance from FIBA in order to play in the NBA.

The Thunder had hoped to have Ferguson signed in time to be able to participate in the Orlando Summer League but once that opportunity passed there was really no hurry to get something done.

There was also the possibility the Thunder were waiting to see if Ferguson might need to be included in any sort of trade scenario (Carmelo Anthony for instance) because the team can deal him at any time before a contract is signed. After the signatures are pn the paperwork Ferguson can't be traded for at least 30 days.

The Thunder's projected payroll will jump up to right around $130 million, putting them around $11 million over the luxury tax line.