The standard rookie contract runs for four years, but the NFL’s collective bargaining agreement has only three years remaining. The gap left this year’s draft picks in limbo with regards to their contracts, but the league and the union have worked out a bridge agreement to give cost certainty to this year’s rookies and the teams that drafted them, as Ben Volin of The Boston Globe writes.
[RELATED: 2018 NFL Draft Results By Team]
The NFL and the union have set the minimum salary for fourth-year players in 2021 (meaning this year’s rookie class) at $750K. That represents a $15K increase from the minimum pay for fourth-year players in 2020, which is in line with the yearly bump that has taken place each year under the current CBA.
Roughly 15% of this year’s rookie class has already signed, as shown on PFR’s tracker. You can also click here to view the results of the 2018 NFL draft by round.