In the first five years of the current Collective Bargaining Agreement, two players drafted in the 50s received a $1 million guarantee the same offseason they were selected.
This year, the list has doubled.
Bolomboy’s $600,000 salary this season is fully guaranteed, and $452,625 of his salary next season is guaranteed, according to Basketball Insiders. That’s a grand total of $1,052,625 guaranteed on a three-year contract.
Only Tornike Shengelia (No. 54 pick in 2012 from Nets) and Kris Joseph (No. 51 pick in 2012 from Celtics) got more as players picked in the 50s who signed the same offseason under the current CBA. Both received two fully guaranteed seasons.
Bolomboy successfully leveraged a salary-cap environment relatively more favorable to second-rounders than first-rounders. If Utah didn’t make him such a favorable offer, he could’ve accepted the required tender and become a free agent within a year – with numerous potentially offering him a contract. The Jazz, with more cap space than they know what do with, probably didn’t mind paying Bolomboy a little more to secure him at what’s still a low rate for the next three years.
This likely wraps up any preseason competition in Utah for a regular-season roster spot. Bolomboy becomes the 15th Jazz player with a guaranteed 2016-17 salary, so he’ll almost certainly stick beyond the preseason – another plus of this contract.
This gives him security as he tries to develop into a player worthy of a second – presumably higher-paying – NBA contract.