Newly drafted Atlanta Falcons rookie quarterback Michael Penix Jr. has officially joined the team.
NFL insider Jordan Schultz reported on X/Twitter this afternoon that Penix Jr. and the team had agreed to terms on his rookie contract. He is getting a four-year deal that is worth $22.88 million, with a $13.46 million signing bonus. Pro Football Talk says the deal includes a fifth-year option.
Sources: The #Falcons and rookie QB Michael Penix Jr. have agreed to terms on his rookie contract. The No. 8 overall pick gets a 4-year deal worth $22.88M. His signing bonus is $13.46M. pic.twitter.com/ZPfAHdF4ve
— Jordan Schultz (@Schultz_Report) June 21, 2024
The Falcons now have all eight of this year’s draft class under contract.
Schultz cites sources for his report. Neither Penix Jr. nor the Falcons have confirmed this report as of this post.
