With the number one pick in tonight's NBA Lottery Draft, the Washington Wizards are expected to select John Wall, the guard from Kentucky. In doing so, they will make Mr. Wall a very rich young man. Though Reebok has already made him wealthy with a 5 year-$25 million endorsement deal with two of his own shoe lines, it is his play for the Wizards that will eventually make him fantastically wealthy.
If history is a good barometer for what type of money Wall can expect, he should do alright. The last 5 number one picks signed the following rookie contracts:
2009: Blake Griffin (LA Clippers) 3 years, $16,071,840 (RealGM)
2008: Derek Rose (Chicago Bulls) 3 years, $12,961,200 (HoopsWorld)
2007: Greg Oden (Portland Trail Blazers) 3 years, $12,529,100 (MyNBADraft)
2006: Andrea Bargnani (Toronto Raptors) 3 years, $12,097,100 (HoopsWorld)
2005: Andrew Bogut (Milwaukee Bucks) 3 years, $11,665,000 (NBA)
According to HoopsWorld, this year's rookie scale contract is broken down as follows:
1st year: $4,286,900
2nd year: $4,608,400
3rd year: $4,929,900
4th year: $6,216,603 *estimate: Option year, must increase salary by at least 26.1%
John Wall will live a very comfortable life unless he turns into Latrell Sprewell. Enjoy your night Mr. Wall, the rest of your life begins in the morning.
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