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Anthony Davis, Austin Rivers sign

Updated: July 24, 2012, 6:06 PM ET
Associated Press

NEW ORLEANS -- New Orleans Hornets first-round draft choices Anthony Davis and Austin Rivers have signed their rookie contracts.

The moves, announced by the club Tuesday, are formalities for players chosen in the first round. The values of their rookie deals are outlined in the NBA's collective bargaining agreement.

As the first pick in this summer's draft, the 6-foot-11 Davis receives a three-year guaranteed contract worth a little more than $16 million, with just over $5 million ...

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