The Washington Wizards offered a three-year contract to first-round draft pick Richard Hamilton, who could agree to terms within the next few days, according to Hamilton's agent, Al Irby.
Hamilton can earn a maximum of $4.92 million over three years, based on the NBA's rookie salary structure. It is believed the Wizards offered Hamilton 80 percent of that total.
Irby said he foresees no problems in negotiating with the Wizards to get the maximum for Hamilton, the 6-foot-6 guard from the University of Connecticut whom the Wizards drafted seventh overall.
Hamilton will not join Washington's summer league team, which begins play July 26 in Boston, until he is under contract, Irby said.
Though rookie contracts are for three years, teams can exercise an option for a fourth year. In a player's fifth year, the team for which he played his previous four seasons can renegotiate a new contract or match any offer made by another team when the player becomes a free agent.
Hamilton is one of three recent draft picks playing for the U.S. team in the Olympic qualifying tournament in Puerto Rico. The rest of the team is made up of nine NBA players. Hamilton did not play in the U.S. team's opener last night against Uruguay because of a sprained right ankle. He is listed as day-to-day.
Washington's second-round pick, 6-11 center Calvin Booth (Penn State) likely will earn approximately the rookie minimum of $301,875. An option for a second year is negotiable. Booth's contract is expected to be signed in mid-August, according to Wizards General Manager Wes Unseld.