2021 NFL Draft: How much picks will likely earn

The National Football League welcomed 32 new players into its ranks Thursday night when the first round with the 2021 NFL Draft occurred in Cleveland. And while several quarterbacks jockeyed to get among the top picks, we were holding also competing for something more important: a bigger payday. To see the best nfl picks follow the link.

In the NFL, the area you’re drafted could have a drastic affect your earning power a couple of years inside league. Dropping a few spots can cost a new player several huge amount of money thanks to the NFL’s rookie wage scale, which predetermines the salaries for each year’s rookies depending on the league-wide salary cap.

For 2021, the ball player selected first overall is projected by Spotrac for nearly $37 million in the first contract, including a $24.2 million signing bonus. This year’s No. 1 overall pick was 21-year-old Clemson QB Trevor Lawrence, who’s headed to the Jacksonville Jaguars.

On lack of in the spectrum, 32nd pick Joe Tryon’s four-year deal with Tampa Bay it is usually projected to get worth around one third of this at $11.2 million, including a $5.5 million signing bonus.

Each player drafted inside the first round receives a four-year contract. They aren’t qualified for renegotiate their deals until after their third contracted year.

“Unfortunately, [draft positioning] means a lot,” Michael Bapis, managing director at Vios Advisors at Rockefeller Capital tells CNBC Make It. “If you’re at the top with the draft, it’s very important. But if you just aren’t in one of the top one or two rounds, then ultimately you’re going to ought to play [well] to obtain paid.”

Unlike decades past, there isn’t much wiggle room for negotiations for top draft picks. Thanks to a change inside the league’s collective bargaining agreement this year, than ever before whenever a top-five pick can negotiate a $72 million contract before ever setting foot with an NFL field.

And even though a rookie signs their contract, that doesn’t mean all the money is certainly going to their bank-account. The only money they’re guaranteed is signing bonus. If they are cut by their team or are otherwise unable to perform, there is a very real possibility that they will not receive their salary.

“I think the population sees the important number and thinks the player gets it straight away, that is most likely the biggest misconception,” Bapis says. “You sign for your amount, nevertheless, you can always be released.”

Here are what this year’s draft picks are in position to earn, from pick No. 1 to No. 32, as outlined by Spotrac projections by Thursday afternoon. The total contract value includes the signing bonus, which is typically paid out within days in the players officially signing.

Pick No. 1: Trevor Lawrence, Jacksonville Jaguars

Total contract value: $36.9 million
Signing bonus: $24.2 million
Pick No. 2: Zach Wilson, New York Jets

Total contract value: $35.2 million
Signing bonus: $22.9 million
Pick No. 3: Trey Lance, San Francisco 49ers

Total contract value: $34.2 million
Signing bonus: $22.2 million
Pick No. 4: Kyle Pitts, Atlanta Falcons

Total contract value: $32.9 million
Signing bonus: $21.3 million
Pick No. 5: Ja’Marr Chase, Cincinnati Bengals

Total contract value: $30.9 million
Signing bonus: $19.8 million
Pick No. 6: Jaylen Waddle, Miami Dolphins

Total contract value: $27.1 million
Signing bonus: $17.1 million
Pick No. 7: Penei Sewell, Detroit Lions

Total contract value: $24.1 million
Signing bonus: $14.9 million
Pick No. 8: Jaycee Horn, Carolina Panthers

Total contract value: $21.2 million
Signing bonus: $12.7 million
Pick No. 9: Patrick Surtain II, Denver Broncos

Total contract value: $21 million
Signing bonus: $12.6 million
Pick No. 10: DeVonta Smith, Philadelphia Eagles

Total contract value: $20.2 million
Signing bonus: $12 million
Pick No. 11: Justin Fields, Chicago Bears

Total contract value: $18.9 million
Signing bonus: $11.1 million
Pick No. 12: Micah Parsons, Dallas Cowboys

Total contract value: $17.1 million
Signing bonus: $9.8 million
Pick No. 13: Rashawn Slater, Los Angeles Chargers

Total contract value: $16.7 million
Signing bonus: $9.5 million
Pick No. 14: Alijah Vera-Tucker, New York Jets

Total contract value: $15.9 million
Signing bonus: $8.9 million
Pick No. 15: Mac Jones, New England Patriots

Total contract value: $15.6 million
Signing bonus: $8.7 million
Pick No. 16: Zaven Collins, Arizona Cardinals

Total contract value: $14.7 million
Signing bonus: $8.1 million
Pick No. 17: Alex Leatherwood, Las Vegas Raiders

Total contract value: $14.4 million
Signing bonus: $7.8 million
Pick No. 18: Jaelan Phillips, Miami Dolphins

Total contract value: $14 million
Signing bonus: $7.6 million
Pick No. 19: Jamin Davis, Washington Football Team

Total contract value: $13.8 million
Signing bonus: $7.4 million
Pick No. 20: Kadarius Toney, New York Giants

Total contract value: $13.7 million
Signing bonus: $7.35 million
Pick No. 21: Kwity Paye, Indiannapolis Colts

Total contract value: $13.66 million
Signing bonus: $7.3 million

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