The Bulls have finalized a contract with first round draft pick Marquis Teague.

"It feels good to finally get it out of the way," Teague said. "I just want to get in the gym and start working out."

Teague agreed to a slotted salary of $857,000 in his first season and is expected to earn 120 percent of the slotted rate in the following years.

Teague was the last first round pick to sign a guaranteed contract.