Cats Cash In: Towns and Lyles sign NBA rookie contracts
07/08/2015 05:28 PM
MINNEAPOLIS — The Big KAT has signed a big contract.
After making him the No. 1 overall pick in June’s 2015 NBA Draft, the Minnesota Timberwolves officially signed former Kentucky star Karl-Anthony Towns on Tuesday night to a three-year deal worth $14.9 million, including an option for an additional fourth season.
Across the Rockies in Salt Lake City, fellow former Wildcat Trey Lyles finally ended his standoff with the Utah Jazz to also agree to the terms of his rookie contract — a four-year deal worth $10.4 million dollars.
The signing of the No. 12 overall pick ended days of frustration speculation between both parties as Lyles’ camp refused to participate in Utah’s opening summer league practices and games while continuing to negotiate the finer details of the deal.
Despite the delay, Lyles finally arrived in Utah on Tuesday night to undergo a team physical and sign the contract, telling reporters awaiting his comments that he’s glad the negotiations are over and just wants to get on the court and play.
Utah’s front office and coaching staff has not yet announced if and when Lyles will start participating in summer league games.
KSTV discussed the signings of both Wildcats on Tuesday’s show, explaining the importance of summer league play for Towns and Lyles as they begin to adjust to NBA life and competition.