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The value of third-round contracts drops to $3.3 million, but takes an even bigger hit in guaranteed value, with the average contract worth just $756,000 in guaranteed money. Once a player falls past the third round, most draft picks will sign a 4-year deal in the $2.4-2.9 million range.
The NFL Draft resumes at 6 p.m. CDT Friday. The first player picked in the second round will receive a four-year contract worth about $7.65 million.
The NFL Draft resumes at 6 p.m. CDT Friday. The first player picked in the second round will receive a four-year contract worth about $7.65 million. The contract will not carry a fifth-year team option, and the money likely won't be fully guaranteed.
1 overall pick, who will earn approximately $32,993,327 over his rookie contract with the Cleveland Browns, including a $22,185,523 signing bonus.
The value of third-round contracts drops to $3.3 million, but takes an even bigger hit in guaranteed value, with the average contract worth just $756,000 in guaranteed money. Once a player falls past the third round, most draft picks will sign a 4-year deal in the $2.4-2.9 million range.
If signed to a contract, each rookie drafted will get a four-year deal with a minimum base salary of $480,000 (Year 1), $555,000 (Year 2), $630,000 (Year 3), $705,000 (Year 4). But those numbers can hike up.
The four-year minimum base salaries for players in this year's draft are as follows: $480,000 (Year 1), $555,000 (Year 2), $630,000 (Year 3) and $705,000 (Year 4). If eventually signed to a contract, each rookie drafted will get a four-year deal, whereas drafted rookies are only eligible for three-year contracts.
Players who are not selected in the NFL Draft may immediately sign following the draft as an drafted rookie free agent. As mandated by the CBA, the player will sign a three-year contract with the right to renegotiate following their second regular season.
Most first-round contracts are fully guaranteed for all four years. Second-round contracts are usually guaranteed for the first two years, although late in the round it appears only the first year is fully guaranteed, with a partial guarantee in 2018. Below the second round, only the signing bonus is guaranteed.
All signing bonuses for draft picks are fully guaranteed. First-round picks get all three years of base salary fully guaranteed, second and third-round picks get the first year fully guaranteed and the second year injury-only guaranteed, and fourth and fifth-round picks get the first year fully guaranteed.
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