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What if a team likes its first round pick and wants to sign him, but either feels he isn worth the set salary or doesn want to commit to a long contract?

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What if a team likes its first round pick and wants to sign him, but either feels he isn worth the set salary or doesn want to commit to a long contract?

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They’re stuck. In essence, this makes late first round picks less valuable, because it forces teams to make long-term commitments to marginal players. In 1996, rather than give their first round pick Travis Knight (29th overall) a three-year deal, the Bulls renounced him, making him a free agent.

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