Bo Nix rookie contract figures with Denver Broncos revealed after NFL Draft selection

Following Bo Nix‘s No. 12 overall selection in the 2024 NFL Draft by the Denver Broncos, his rookie contract numbers have been revealed.

The former Oregon star will sign a four-year rookie deal for $18.6 million in fully guaranteed money. His deal will include roughly $10.3 million as a signing bonus. The first-round rookie deal comes with a fifth-year option for the Broncos to keep him through the 2028 season.

According to NFL insider Adam Schefter, “Denver held a private workout with Nix the day after his pro day. The night before the workout, the Broncos sent Nix three packets of offensive play installation. And the next morning, as they worked in the classroom with Nix, he ‘crushed it,’ per a Broncos source.”

Earlier this week, the Denver Broncos acquired former first-rounder Zach Wilson from the New York Jets. The Broncos sent a sixth-round pick to New York in exchange for Wilson and a seventh-round selection.

Nix becomes sixth QB taken in 2024 NFL Draft

Over the course of his time in college football, Nix passed for 15,352 yards and 113 touchdowns, while rushing for 1,613 yards and 38 touchdowns as well, over three seasons with Auburn and two with Oregon. He was a Heisman finalist with the Ducks in 2023.

Bo Nix played high school football at the Scottsboro School (AL), where he was a five-star prospect. He was the No. 36 overall recruit in the 2019 cycle, according to the On3 Industry Ranking, a proprietary algorithm that compiles ratings and rankings from all four primary recruiting media services. The On3 Industry Ranking is the industry’s most advanced, complete and unbiased measurement.

While analyzing most of the 2024 NFL Draft class, NFL Network’s Lance Zierlein predicted Nix would be a second-round selection, predicting former Dallas Cowboys quarterback Tony Romo as his professional comparison.

“Rare five-year starting quarterback whose play has matured in front of our eyes. Nix displays the accuracy, arm talent and athleticism consistent with today’s brand of pro quarterback,” Zierlein wrote. “He can be punctual in getting the ball out at the top of his drop or he can work through progressions and beat defenses with second-reaction plays. He throws with good velocity and puts the ball on the money when throwing on the move. Nix has shown great improvement with his pocket poise. He’s capable of moving the sticks as a scrambler or as part of the running game.

“Some of his gaudy production has been driven by the Oregon offense’s design, but his talent clearly stands out. I’ve harbored bias from watching the overwhelmed version of Nix during his Auburn days, but as the saying goes, ‘tape don’t lie.’ Nix appears more than ready to attack the league with an NFL-caliber skill set.”