Cavaliers Sign First Round Draft Picks Dion Waiters, Tyler Zeller

The Cleveland Cavaliers announced the signing of their two first-round draft picks Dion Waiters and Tyler Zeller on Thursday evening.

The Cleveland Cavaliers have signed 2012 NBA Draft picks, guard Dion Waiters (Syracuse) and forward/center Tyler Zeller (North Carolina), to contracts, Cavaliers General Manager Chris Grant announced today from Cleveland Clinic Courts. Per league and team policy, terms of the contract were not announced.

Waiters, an athletic sixth man for Syracuse whose physical game from the shooting guard position reminds scouts of Dwyan Wade, was the fourth overall pick taken by the Cavs. Rookie salaries are slotted as part of the NBA's new collective bargaining agreement which makes these signings a formality. According to HoopsWorld, Waiters should make around $3.1 million in his first season with increases over the next two years along with qualifying offers for the fourth year. The team has an option to pick up on the player in years three and four.

Zeller was traded to Cleveland after being drafted by Dallas at No. 17 out of North Carolina. Based on the rookie scale, Zeller should make around $1.3 million in his rookie year.

For more 2012 NBA Draft coverage, stay with this StoryStream. For more on the Cavs, be sure to visit Fear The Sword. And for more NBA news and analysis, check out SB Nation's NBA hub.

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