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NFL Rumors: Michael Penix Jr., Falcons Agree to 4-Year, $22.8M Rookie Contract

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Arguably the biggest surprise pick of the 2024 NFL draft is officially a member of the Atlanta Falcons after Michael Penix Jr. agreed to his rookie contract.

According to NFL insider Jordan Schultz Penix will sign his four-year deal worth $22.8 million. The contract contains a $13.56 million signing bonus.

Penix elevated himself into the first-round mix after two stellar seasons at Washington, including a Heisman runner-up finish in 2023, but his landing spot was something of a mystery until the Falcons shocked the world by taking him at No.