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Broncos sign Fant to 4-year, $12.59 million contract

Risner, Lock, Jones only remaining draft picks Broncos have to sign.
Credit: AP Photo/David Zalubowski
Denver Broncos' first-round selection in the NFL Draft, Noah Fant, center, a tight end out of Iowa, holds up his new jersey with, from left to right, Brian Stark, the team's director of college scouting, general manager John Elway, head coach Vic Fangio and Matt Russell, director of player personnel, during a news conference at the football team's headquarters Friday, April 26, 2019, in Englewood, Colo. (AP Photo/David Zalubowski)

ENGLEWOOD, Colo. — Noah Fant is going to need a local bank.

The tight end from the University of Iowa and the Broncos’ first-round draft pick, Fant signed a four-year contract worth $12,590,724 on Thursday. Every last dollar is fully guaranteed. 

The deal includes a signing bonus of $7,176,888 – which is automatically slotted for the No. 20 overall selection – and a fifth-year team option.

Fant became the Broncos’ first-round pick largely because of his rare combination of a 4.5-second, 40 meter speed from a 6-foot-4, 249-pound frame.

In his sophomore and junior seasons at Iowa, he had 69 catches for 1,102 yards (an impressive 14.7-yard average) and 18 touchdowns combined.

Fant is expected to be the Broncos’ 1B tight end with Jeff Heuerman this year. Fant follows sixth-round receiver Juwann Winfree ($171,104 signing bonus) and fifth-round linebacker Justin Hollins ($306,896) as draft picks the Broncos have signed.

They still have to sign second-round picks Dalton Risner (will receive a $3,214,388 a signing bonus), a guard from Wiggins, and quarterback Drew Lock ($3,118,776), plus third-round defensive lineman Dre'Mont Jones ($1,066,400).