The 2024 NBA Draft will be historic, as it will be the first draft to be held on two nights since the event was shortened to two rounds. The Atlanta Hawks defied the odds to win the No. 1 pick in the draft lottery and there’s been little indication as to what direction they’ll go, making this one of the more intriguing drafts in recent years. Here’s a look at how much money the No. 1 pick in the 2024 draft will make on his rookie deal.
First-round picks have four years on their deal before hitting restricted free agency through the qualifying offer in the fifth season. The third and fourth years on the contract are team options. Here’s how the numbers break down for the No. 1 pick this year, per RealGM.
Year 1 salary: $10,504,800
Year 2 salary: $11,030,300
Year 3 option: $11,555,400
Year 4 option: 26.1% increase from Year 3
Year 5 qualifying offer: 40% increase from Year 4
It’s important to note the player can sign for anywhere from 80% to 120% of the base numbers. So the Year 1 salary is actually going to fall between $8.4 million and $12.6 million depending on the negotiations.