This is basically just bookkeeping as the Pacers have announced they have signed their first-round pick (#26 overall), center Miles Plumlee of Duke.

We don’t technically know the terms, but all first-round picks get the first two years of guaranteed salary with team options for years three and four. And the amount of the annual salary is defined by a predetermined rookie scale that hands out cash based upon where you were picked. Last year’s #26 pick, Jordan Hamilton of the Denver Nuggets, made $1.1 million his rookie season and will get another $1.1 million guaranteed in year two.

Expect Plumlee’s contract to be nearly identical to that.