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First round pick CB Deonte Banks signs his rookie contract

New York Giants first round pick, CB Deonte Banks, has signed his rookie contract, per a report from Aaron Wilson of KPRC2 (formerly of The Houston Chronicle and Baltimore Sun).

Wilson further reports that Banks’ 4-year contract is worth $13.579 million (plus a 5th year option), and $6.875 million signing bonus and the contract is fully guaranteed.

Banks’ contract, which includes base salaries of $750 thousand, $1.367 million, $1.984 million, and $2.601 million shows the wisdom of selecting premium positions early in the draft. The top cornerbacks in the NFL count nearly $20 million per year against the salary cap, and even the 15th highest-paid cornerback (Taron Johnson, Buffalo Bills), counts $9.