It is first round gauranteed three year contracts, unless that has changed in the last couple of years. Second round you might not even make the team, there is no promises. If you recall, Reece Gaines was picked by the Magic in the first round a few years ago. In the second round, the Magic picked Keith Bogans. Reece got a three year contract making millions while Bogans made the team, his first year he was playing for about $200K a year. Bogans ended up being a better NBA player and stayed in the league for a long time. Reece was traded twice and after his three year contract was up he was playing overseas.



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