Bucks sign Bogut to multiyear contract
MILWAUKEE - The Milwaukee Bucks signed the NBA's No. 1 draft pick Andrew Bogut to a multiyear contract Friday. The 20-year-old Australian, who was college player of the year at Utah last season, will take part in the Bucks' summer camp workouts and play in the Minnesota Summer League July 15-19, general manager Larry Harris said.
"This is a dream come true for me," Bogut said. "I've worked extremely hard to get to this point and I'm honored to be a member of the Milwaukee Bucks organization."
The Bucks did not reveal the details of the contract for the 7-foot-1 center.
Although the exact figures won't be known until after the NBA's new collecting bargaining agreement is finalized, Bogut's agent David Bauman said he expects Bogut to get around $4.2 million in his first year, $4.55 million the second year and $4.85 million the third year.
The figure should go to about $6 million in the fourth year, the team's option year, he said, while a fifth-year qualifying offer would be 30 percent higher than the fourth, or $7.8 million.
Bogut has formed the Andrew Bogut 4 Foundation to help underprivileged youths in Australia, Croatia, Utah and Milwaukee. He is of Croatian descent and played college basketball at Utah.
Harris said the team expects "a long and promising career" for Bogut with the Bucks.
Bogut has said he's not afraid of the expectations he faces as he joins a team coming off its worst record (30-52) in nearly a decade.
Harris now will focus on re-signing top scorer Michael Redd and other free agents, and hiring a replacement for Terry Porter, the second-year coach who was fired last week.