Dennis Smith Jr. signs rookie contract with Dallas Mavericks

Dennis Smith Jr. is officially a wealthy individual. He signed his rookie contract with the Dallas Mavericks on Wednesday, and while the terms were not disclosed, we’ve got a pretty good idea of what the deal is worth thanks to HoopsRumors.com.

NBA rookie contracts are four-year deals, but only the first two are guaranteed—the club can opt out of the contract in the third or fourth year of the deal. Per Hoops Rumors, the total value of DSJ’s deal is a bit over $17 million, assuming he gets all four years (he will). He will make around $3.2 million as a rookie this upcoming season.

Sounds like a bargain to me. Given the NBA salary structure, he’ll just have to bide his time before he can get into the really big-money contracts.

Dennis will make his Mavs debut in the Vegas Summer League, which gets underway on Friday. The Mavs’ first game is Saturday afternoon at 4:30 p.m. ET. NBA TV will provide the coverage.