Payton was picked 10th overall, and that’s what his salary slot is, even though he was traded to the Magic on draft night.
His salaries will be as follows:
• For 2014-15, his salary is guaranteed at $2,397,840.
• For 2015-16, his salary is guaranteed at $2,505,720.
• For 2016-17, the Magic will have a team option of $2,613,600.
• For 2017-18, the Magic will have a team option of $3,332,340.
The Magic can submit a qualifying offer to Payton for the 2018-19 season for $4,538,647. If Payton were to decline the offer, he would become a restricted free agent, which would give the Magic the right to match any offer sheet Payton might sign with another team.