UPDATE: K.J. McDaniels has decided to take the second option we discussed below, reports Adrian Wojnarowski of Yahoo Sports. McDaniels will sign a one-year contract for the rookie minimum of $507,336 that is not guaranteed.

McDaniels will now be a restricted free agent in 2015 and he could cash in next July if he does put up solid numbers and starts at shooting guard.

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Rookie shooting guard K.J. McDaniels, the No. 32 pick in the 2014 NBA draft, was not with the team as the began training camp on Tuesday. A representative of the teams tells Tom Moore of The Intelligencer that McDaniels' contract "hasn’t been executed" since he and the Sixers have not agreed to terms yet.