x
Breaking News
More () »

Denver's Leading Local News: Weather, Traffic, Sports and more | Denver, Colorado | 9NEWS.com

Jerry Jeudy to lead Broncos rookies with $8.6 million signing bonus

The Broncos are expected to pay out $15.2 million in signing bonuses to their 10 drafted rookies.

ENGLEWOOD, Colo. — Broncos safety Justin Simmons may have to deal with the NFL’s “new economy” during his negotiations as a franchise-tagged player.

The Broncos’ drafted rookies, however, will be spared from the new math.

Every draft pick has a slotted signing bonus based on the league’s old economy. The difference between new money and old is the impact the coronavirus pandemic shutdown will have on NFL revenues, both this year and for years to come.

Rookie totals were part of the collective bargaining agreement the players union barely approved in a vote on March 15 – a few days after the world as we knew it changed because of the virus pandemic.

The Broncos are expected to sign their draft picks between Simmons’ franchise-tag contract deadline of 2 p.m. Wednesday, July 15 and Tuesday, July 21, when the team’s rookies are tentatively scheduled to report for training camp.

Until then, 9NEWS has obtained the slotted signing bonuses for each of the Broncos’ 10 draft picks. In all, the Broncos will pay out $15,522,661 in signing bonuses to their 10 drafted rookies with $14,179,069 going to the five players selected within the first three rounds.

The signing bonus totals (plus minimum salaries of $610,000 for a rookie season, $780,000 in year two; $895,000 in year three; and $1,010,000 in year four) once again proves it pays to get first.

Right, Jerry Jeudy? The signing bonus for the first-round receiver is more than 3 times better than the signing bonus of second-round receiver KJ Hamler.

A look at the Broncos drafted rookie signing bonuses and their expected total contract amount:

Rookie — Rd (pk) — Signing bonus — 4-year total

  • Jerry Jeudy — 1 (15) — $8,609,424 — $11,904,424
  • KJ Hamler — 2 (46) — $2,750,644 — $6,045,644
  • Michael Ojemudia — 3 (77) — $1,015,560 — $4,310,560*
  • Lloyd Cushenberry — 3 (83) — $946,176 — $4,241,176*
  • McTelvin Agim — 3 (95) — $857,265 — $4,152,268
  • Albert Okwuegbunam — 4 (118) … $749,040 — $4,044,040
  • Justin Strnad — 5 (178) — $237,776 — $3,532,776
  • Netane Muti — 6 (181) — $205,792 — $3,500,792
  • Tyrie Cleveland — 7 (252) — $75,492 — $3,370,492
  • Derrek Tuszka — 7 (254) — $75,492 — $3,370,492

> There is negotiating wiggle room in years 3 and 4 for third-round draft picks so contract totals may adjust slightly.

RELATED: Sports betting lounge coming to Empower Field

RELATED: Broncos' Justin Simmons set to sign $11.44 million tender while continuing to hope for long-term deal

RELATED: Broncos top 5 impact players of 2020

> Top stories curated daily just for you! Sign up for the 9NEWSLETTER to get can’t-miss stories, Next and Broncos content, weather and more delivered right to your inbox.

Credit: AP
Alabama wide receiver Jerry Jeudy (4) sets up against Mississippi during the second half of an NCAA college football game, Saturday, Sept. 28, 2019, in Tuscaloosa, Ala. (AP Photo/Vasha Hunt)

Broncos podcast: Klis' Mike Drop

Denver Broncos headlines, game previews and interviews with our 9NEWS insider Mike Klis.

HOW TO LISTEN

SUGGESTED VIDEOSSports

MORE WAYS TO GET 9NEWS

Subscribe to our daily 9NEWSLETTER

Download the 9NEWS APP
iTunes: http://on9news.tv/itunes
Google Play: http://on9news.tv/1lWnC5n 

HOW TO ADD THE 9NEWS APP TO YOUR STREAMING DEVICE

ROKU: add the channel from the ROKU store or by searching for KUSA.

For both Apple TV and Fire TV, search for "9news" to find the free app to add to your account. Another option for Fire TV is to have the app delivered directly to your Fire TV through Amazon.