July 24 (Bloomberg) -- No. 1 draft pick Anthony Davis agreed to a multiyear contract with the New Orleans Hornets as the forward prepares to begin the London Olympics with the U.S. basketball team.
The Hornets also agreed to a contract with guard Austin Rivers, the 10th overall selection in June’s National Basketball Association draft, the team said in a statement.
Contract terms weren’t disclosed. Davis will make $13.4 million over his first three seasons and Rivers $5.8 million, according to the rookie salary scale set forth in the 2011 collective bargaining agreement between the NBA and its players. First-round draft picks’ first two years are guaranteed, while teams hold third-year and fourth-year options.
Davis, who helped lead the University of Kentucky to a national championship as a freshman last season, led the nation in blocks with 4.65 per game. He averaged 14.2 points and 10.4 rebounds per contest.
The 19-year-old Davis was among the final cuts on the U.S. Olympic roster before being added to the team after Blake Griffin suffered a knee injury.
Rivers, 19, led the Duke Blue Devils with 15.5 points per game last season, becoming the third freshman in school history to do so.
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