Wednesday, August 8th, 2012 at 8:15 am  |  3 responses

Chicago Bulls Sign Marquis Teague

The Chicago Bulls have signed point guard Marquis Teague to his rookie contract, making him the last first-round selection to sign a deal. The Bulls, who now have 13 players on their roster, will pay the luxury tax for the first time in franchise history next season. CSNChicago.com has the details: “The Indianapolis native will receive 100 percent of his $857,000 rookie-scale deal in his first season, as opposed to the 120 percent typical of most rookie contracts. As first reported by ShamSports.com, Teague’s deal was likely delayed due to the Bulls’ desire to stay under the NBA’s ‘hard’ salary cap. However, even with Teague, the younger brother of Atlanta Hawks point guard Jeff Teague, taking less money in his first year — he will receive 120 percent of his salary in the final two seasons of his rookie contract — the Bulls will not be able to sign even another minimum-salary veteran player without exceeding the hard cap.”

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  • cbb_fanatic

    Congrats Teague. Learn from the pro Rose!

  • http://cnbc.com JTaylor21

    …and they wonder why the talent in the NBA has watered-down. Marquis Teague is in the NBA. HELPPPPP! The NBA needs the MLB and NFL rule so bad it is not even funny

  • http://www.slamonline.com spit hot fiyah

    took long enough, probably beacause they had to convince him and his agent to take 100% in the first year