Drake Maye gets huge signing bonus as part of his NFL rookie contract
Drake Maye is getting PAID!
The #Patriots have agreed to terms with QB Drake Maye on his rookie deal, source says. The No. 3 overall pick is under contract. pic.twitter.com/PloNSBoVUQ
— Mike Garafolo (@MikeGarafolo) May 28, 2024
According to NFL Network's Mike Garafolo, the former UNC football star has officially signed his rookie deal with the New England Patriots.
That deal comes with a huge signing bonus.
Maye's contract is a four-year deal that includes $36.6 million in fully guaranteed money. The deal also includes a fifth-year team option for the 2028 season.
Of that $36.6 million, Maye received $23.4 of that in a signing bonus.
This deal is very team-friendly for a team looking to rebuild. In 2024, Maye will earn a base salary of $795,000 while carrying a cap hit of $6,661,775.
Here's how much money Maye will make as part of his base salary, courtesy of Spotrac:
2024: $795,000
2025: $960,000
2026: $1,075,000
2027: $1,190,000
Here is the breakdown of the cap hit numbers:
2024: $6,661,775
2025: $8,327,219
2026: $9,992,663
2027: $11,658,107
As the No. 3 overall pick in the 2024 NFL Draft, it was well-known that Maye would be set for a big payday. These are the type of deals that make a ton of sense for rebuilding teams, as they have the opportunity to add talented players around the guy they hope turns out to be the next face of the franchise.
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The former Tar Heel is now a very wealthy man, as he hopes that this is the first of many big contracts to come his way throughout his NFL career.