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FFL: Preseason | NFL: Week 1

QB Michael Penix Jr., Falcons agree to contract terms

Fri Jun 21 8:20pm ET
Field Level Media

The Atlanta Falcons have agreed to contract terms with quarterback Michael Penix Jr., their first-round pick, according to multiple media reports on Friday.

Penix, selected eighth overall out of Washington, is getting a four-year rookie deal valued at $22.88 million, including a $13.46 million signing bonus.

All contracts involving first-round selections include a fifth-year team option.

The Falcons have invested heavily in the quarterback position. Six weeks before the draft, they signed veteran free agent Kirk Cousins to a four-year, $180 million deal that includes $100 million guaranteed.

Cousins, who will turn 36 before the regular-season begins, is looking to come back from a right Achilles tendon tear that ended his 2023 season in October with the Minnesota Vikings.

That commitment made all the more surprising Atlanta's decision to use a first-round selection on a quarterback. Penix was the fourth signal caller drafted out of a record-tying six first-round QB picks.

Penix, 24, is coming off a spectacular senior season in which he led the Huskies to the national championship game. He threw for a national-high 4,903 yards and had 36 touchdown passes while getting intercepted 11 times.

He wound up as the Heisman Trophy runner-up behind LSU's Jayden Daniels, and Penix captured the Maxwell Award, which goes to the country's top college football player. Each of the past two seasons, Penix broke Washington's single-season passing record.

Penix is expected to formally sign the contract on Friday, according to media reports, and complete the Falcons' eight-player draft class signings. He has participated in every offseason training session from rookie minicamp to OTAs and the mandatory minicamp.

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From RotoBaller

Elijah Molden Aug 28 10:50pm ET
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Tyus Bowser Aug 28 10:23pm ET
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Donald Parham Aug 28 10:13pm ET
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Terrace Marshall Jr. Aug 28 10:13pm ET
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Allen Robinson Aug 28 10:13pm ET
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Taylor Heinicke Aug 28 10:13pm ET
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Sheldon Day Aug 28 10:13pm ET
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Kene Nwangwu Aug 28 10:10pm ET
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From RotoBaller

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Brandon Aiyuk Aug 28 8:10pm ET
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Bobby McCain Aug 28 7:53pm ET
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