Good morning, New York Giants fans!
First round pick CB Deonte Banks signs his rookie contract
New York Giants first-round pick, CB Deonte Banks, has signed his rookie contract, a four-year fully guaranteed deal worth $13.6 million (plus a fifth-year option), and $6.9 million signing bonus.
Banks’ contract, which includes base salaries of $750,000, $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.