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Julian Phillips has signed his rookie deal with the Chicago Bulls after the team selected him with the 35th overall pick (second round) in last month’s NBA Draft. Chicago officially announced the signing Wednesday afternoon.
Though the Bulls didn’t disclose the details of Phillips’ contract, ESPN’s Bobby Marks reported that it will be a 4-year deal with a team option on the final year. According to Marks, Phillips is getting $5.7 million in guaranteed money during the first 3 years of the deal, with the chance to make another $2.4 million in the fourth year.
It’s one of the top contracts for a second-round selection so far.
Julian Phillips becomes the 12th second rd. selection (out of 13) to sign a 4 year contract.
Here are the details for the Chicago Bulls forward:
23/24: $1.6M
24/25: $1.9M
25/26: $2.2M
26/27: $2.4M (Team Option)The $5.7M in guaranteed money ranks #2 among all 2nd rd. picks.
— Bobby Marks (@BobbyMarks42) July 12, 2023
You expect to see standard deals for players selected as early in the second round as Phillips was, but it’s nevertheless encouraging to see the Bulls commit to giving him a chance with the organization.
He scored 16 points on 6-of-8 shooting (3-of-3 from deep) on Tuesday in the team’s 107-99 win over the Sacramento Kings in Summer League action.
Phillips was named to the SEC All-Freshman team last season after averaging 8.3 points, 4.7 rebounds, and 1.4 assists on 41.1% shooting from the floor. The 6-foot-8 forward reached double figures scoring on 13 occasions, including a season-high 25 points on Nov. 24 against USC.
Derek Peterson does a bit of everything, not unlike Taysom Hill. He has covered Oklahoma, Nebraska, the Pac-12, and now delivers CFB-wide content.
