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Hornets Sign Top NBA Draft Pick Anthony Davis, Austin Rivers

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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.

To contact the reporter on this story: Mason Levinson in New York at mlevinson@bloomberg.net.

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net.

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