The D-League has three classifications for player salaries, paying $25,500, $19,000 and $13,000 per year.

D-League teams also have a per-team salary cap of $178,000 with a dollar-for-dollar luxury tax for teams that go over.

Players also receive a per diem of $40 on the road.

The Sioux Falls Skyforce have acquired forward Mike Davis from the Erie BayHawks in exchange for center Keith Benson and guard Nick Covington. Davis was acquired by Erie from the Reno Bighorns in a separate trade earlier today.

Selected fifth overall in the 2012 NBA Development League Draft, Davis averaged 9.3 points and 6.6 rebounds in four seasons (138 games) at the University of Illinois. The 6-9, 225-pound forward earned All-Big Ten Honorable Mention honors after averaging 12.5 points and 7.1 rebounds as a senior.

JaJuan Johnson was the first overall pick of the 2012 D-League Draft as he was selected by the Fort Wayne Mad Ants.

Andrew Goudelock went second to the Sioux Falls Skyforce, followed by the selection of Justin Harper by the Idaho Stampede.

Shelvin Mack was picked fourth overall by the Maine Red Claws and Mike Davis rounded out the top-five by going to the Reno Bighorns.

Christian Eyenga, a first round pick by the Cavaliers in 2009, was drafted eighth overall by the Texas Legends.

Click here for the full draft results.