PORTLAND, Ore. -- The
Portland Trail Blazers announced Monday that they have signed
Greg Oden, the No. 1 overall pick in last week's NBA draft.
Oden
In accordance with the NBA's collective bargaining agreement, Oden's deal will be for two years, with team options for the third and fourth seasons. Oden will make $3.885 million as a rookie and $4.176 in Year 2. If they pick up the option in the third year, his salary will be $4.476 million.
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ESPN - Oden signs Blazers contract, hits summer league - NBA