CHARLOTTE, N.C. — The Charlotte Bobcats have signed their first round draft pick.

The team announced Saturday that forward Michael Kidd-Gilchrist of Kentucky signed a deal worth about $4 million for his first season, according to the union negotiated rookie pay scale. Kidd-Gilchrist averaged nearly 12 points and more than seven rebounds in his only season with the Wildcats.

The Bobcats chose Kidd-Gilchrist with the second overall rick. Kidd-Gilchrist's Kentucky teammate Anthony Davis was chosen first overall by New Orleans.

Charlotte picked Vanderbilt forward Jeff Taylor in the second round with its only other pick in the draft. He has not signed.

The Bobcats head to Las Vegas later this month to play in the NBA Summer League.