Found July 18, 2012 on Waiting For Next Year:

Second overall draft pick RGIII signed his deal with the Redskins this morning, becoming the first of the top picks to come to terms-

“…it’s a four-year, fully-guaranteed contract with no offset language. The contract has a value of $21,119,098, including a $13,799,344 signing bonus.

Per a source with knowledge of the deal, the base salaries are $390,000 in 2012, $1.34 million in 2013, $2.30 million in 2014, and $3.26 million in 2015.

The contract also includes, per the Collective Bargaining Agreement, an option for a fifth year. For the first 10 players taken in the draft, the team can retain the player for a fifth year at the transition tag number for his position. For Griffin, that means the average of the 10 highest-paid quarterbacks in 2015.”

This could easily be the first domino that starts a chain reaction of top ten picks signing, including the number three overall pick- Browns RB Trent Richardson.

Look for a piece from Craig later on what this means for Richardson’s deal with the Browns.

 

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