Former five-star recruit Terrance Ferguson signed an endorsement deal with Under Armour, according to multiple sources and confirmed by his mother, Rachelle Holdman.
Details of the endorsement deal were not disclosed.
The 6-foot-6 wing committed to Arizona in mid-April, but spurned the Wildcats for a professional contract in Australia with the Adelaide 36ers. Although the contract with the 36ers is complicated, Ferguson is expected to net in the range of $500,000 this season, per a source.
Ferguson is the third high profile athlete to bypass college for overseas opportunities and land an endorsement deal with Under Armour. Brandon Jennings was the first. Most recently Emmanuel Mudiay, who was a high school teammate of Ferguson at Dallas (Tex.) Prime Prep, signed with Under Armour and now is a standout for the Denver Nuggets.
Ferguson had a decorated high school career that included winning three Gold Medals with USA Basketball. Ferguson closed out his high school career at the Nike Hoop Summit, where he pumped in 21 points, making 7 of his 11 three-point attempts.
Ferguson, 18, was ranked as Scout’s No. 16 overall prospect in the 2016 recruiting class. Draft Express currently has Ferguson going No. 24 in the first round of next years NBA Draft.