Broncos first-round QB Bo Nix signs rookie contract

Denver Broncos first-round draft pick Bo Nix signed his four-year rookie contract.

The team announced the signing but not the terms for the quarterback, who was selected with the 12th overall pick of the 2024 NFL Draft. Multiple reports said the fully guaranteed deal is worth $18.6 million with a signing bonus of $10.36 million and includes the standard team option for a fifth season.

"I don't want to just be a draft pick," Nix said. "I want to be able to show my improvements and show that I can do what (they) picked me to do, and that's to go out there and help win games (and) do whatever I can to put his team in a better situation."

Nix, 24, completed 77.4 percent of his passes and threw for 4,508 yards and 45 touchdowns while getting picked off just three times for Oregon last season. He was named the 2023 Pac-12 Offensive Player of the Year.

Nix will compete with Zach Wilson and Jarrett Stidham for the starting role in Denver.