The Broncos and quarterback Bo Nix on Friday agreed to terms on the first-round draft pick’s contract.
Nix, the 12th overall pick in last month’s draft, has a four-year deal worth a fully guaranteed $18.61 million and comes with a $10.36 million signing bonus, multiple sources confirmed to The Denver Post. Like all first-round picks, Nix’s contract has an option for a fifth year.
Rookie contracts don’t involve the kind of negotiating that went on before the 2011 collective bargaining agreement instituted a rookie wage scale. Now, each pick has an attached value and players generally sign for that amount.