Isaac Okoro Contract: What You Need to Know

Isaac Okoro, the 6th overall pick of the 2020 NBA Draft, signed a 4-year rookie contract with the Cleveland Cavaliers in December 2020. The deal, worth $22.8 million, guarantees Okoro $5 million in his first season with the Cavaliers.

Okoro`s contract is standard for a first-round pick in the NBA. The league has a rookie wage scale that determines the salary of each pick in the draft, with the amount based on the slot in which the player was selected.

Under the NBA`s current collective bargaining agreement, the salary for Okoro`s slot was predetermined at $6.4 million for the first year of his deal. However, due to the COVID-19 pandemic, the league and the NBA Players Association agreed to reduce rookie salaries for the 2020-21 season by 10%.

Okoro`s contract includes a team option for the fourth year of his deal. If the Cavaliers exercise that option, Okoro will make $8.1 million in the 2023-24 season. If the option is declined, Okoro will become a restricted free agent in 2023.

In addition to his base salary, Okoro is eligible for performance incentives during the life of his contract. These incentives include being named to the NBA All-Rookie Team, being selected for an All-Star Game, and being named to an All-NBA Team.

As a rookie, Okoro has had a solid start to his NBA career. He`s averaging 8.0 points, 2.9 rebounds, and 1.8 assists per game for the Cavaliers. While he has room for improvement, Okoro`s contract shows that the Cavaliers have confidence in his ability to develop into a key player for their franchise.

In conclusion, while Isaac Okoro`s contract may not be the most lucrative in the NBA, it`s still a significant amount of money for a 20-year-old rookie. Okoro has the potential to be a cornerstone player for the Cavaliers in the future, and his contract reflects the team`s belief in his abilities. Fans of the Cavaliers will be keeping a close eye on Okoro`s development and hoping that he lives up to the promise of his rookie contract.