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Paxton Lynch agrees to contract with Denver Broncos

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Ron Chenoy-USA TODAY Sports

According to Mike Klis of 9News, the Denver Broncos have officially signed their first round draft pick, Paxton Lynch. The deal is reportedly a 4-year contract with a fifth-year option. Under the Collective Bargaining Agreement (CBA), this is fairly structured already for rookie first round picks.

The deal will be worth around $9.5 million not including the fifth year option, with about $5.1 million in signing bonuses. The Broncos now officially have their quarterback of the future.