Under the NBA's rookie scale, Augustin will make about $1.8 million next season and nearly $2 million the next. Ajinca will make about $1 million next year and then $1.1 million in year two. The Bobcats hold team options for their third and fourth seasons.
Augustin was the ninth overall pick out of Texas. Ajinca was the 20th pick after playing professionally in France.
The players signed their deals before Charlotte's first rookie and free-agent camp in Las Vegas. Both are expected to play in the Las Vegas summer league starting Saturday.
The Bobcats have yet to sign second-round pick Kyle Weaver, who was also at Tuesday's workout.