Jul 10, 2009 6:43 AM EST

The Raptors have signed DeMar DeRozan, the 9th overall pick from last month's NBA Draft, to a contract.

Toronto didn't announce the financial terms of the deal, but DeRozan can earn nearly $2.3 million in the first year of his contract.

The rookie is expected to play for the Raptors in the Las Vegas summer league.

Via ESPN