For Jarnell Stokes, the opportunity to play for his hometown NBA team, the Memphis Grizzlies was priceless.
“My heart just exploded,” Stokes told The (Memphis) Commercial Appeal after the June draft. “I would have rather been drafted by the Grizzlies at 35 than be a late first-round pick anyway.”
Stokes actually was drafted 35th by the Utah Jazz and traded to the Grizzlies a short time later.
Monday, he and the franchise settled on a price. The Grizzlies announced that Stokes signed his first professional contract. According to The Commercial Appeal, it is a three-year deal worth more than $2.5 million that “allows him to receive a more lucrative pact than a typical second-rounder.”
From The Commercial Appeal:
The Memphis native and former University of Tennessee power forward received a deal that starts at $725,000 for the 2014-15 season. The Griz hold a team option for the third year.
… It’s a win-win transaction because the Griz can make Stokes a restricted free agent at the end of the contract. First-year players become restricted free agents after signing an initial contract of three years or longer.
POSTDATA: WARRANTY DEEDS