The Milwaukee Bucks on Tuesday officially signed first round pick John Henson to a contract that will guarantee him around $1.8 million this year and then $1.9 million in 2013-14. These figures are above the slotted contract for the 14th pick, which was at $1.4 million this year, but this is standard under the CBA as teams are allowed to pay their picks up to 20% above the slotted figure. The Bucks also hold team options on Henson for the 2014-15 and 2015-16 seasons.

With Henson now on the books, his salary can be applied to the recently set salary cap of $58.044 million. The Bucks, with Henson and Ilyasova’s (assumed) salary, currently sit about $3.7 million above the salary cap and $8.5 million below the luxury tax – which stayed roughly the same as last year at $70.307 million.

Yesterday, Brew Hoop’s Frank Madden put together this nifty little graphic for the Bucks current salary situation.

The Bucks have stated that they expect to sign second-round pick Doron Lamb before summer league starts on Monday. He is expected to sign a standard two-year second-round contract, represented in the chart above.

A few other rumblings:

  • Gery Woelfel tweeted yesterday that the Bucks have interest in the 25-year old, French center Ian Mahinmi, who has spent his first four years in the league with the Spurs and Mavericks. Last year was the first year Mahinmi saw legit minutes in the league, and he played quite serviceably. He could probably be had for a fraction of the Bucks remaining mid-level exception and would provide the team with its only legit backup center.
  • Ken Berger of CBS reported through a tweet on Sunday that the Bucks are one of six teams interested in free agent shooting guard Randy Foye. Foye is a shooter who struggled mightily at shooting last year for the Clippers, where he shot .398 from the field and .386 from three (on 5.1 attempted threes per game). The 6’4 guard would bring some size to the backcourt, but another shooter that can’t shoot is pretty low on the list of needs for this team.

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