The last unsigned member of Atlanta’s 2021 draft class has come to terms with the team, as Kyle Pitts agrees to the customary four-year deal with a fifth-year option rookie contract.
The #Falcons have signed first-round TE Kyle Pitts to his rookie contract. He gets a 4-year, fully guaranteed deal worth $32.91M, along with a 5th-year option. His signing bonus comes in at $21.29M.
— Ari Meirov (@MySportsUpdate) June 29, 2021
While we don’t have the yearly values yet, they are typically on an increasing scale for base salary, and the cap hit increases by a small amount each season. The signing bonus typically remains the same. For example, Baker Mayfield signed a four-year, $32.6 million deal with a $21.9 million signing bonus. In 2018, his base salary was $480k with a $5.46 million signing bonus for a cap hit of $5.94 million. In 2019, his base salary jumped to $570k with the same $5.46 million signing bonus, which, when combined with his $1.395 million roster bonus, created a $7.42 million cap hit.
Pitts’ contract should look pretty similar, and the Falcons will have him under control until the 2026 offseason if they exercise his fifth-year option. Atlanta may have structured Pitts’ deal differently, as their cap space situation is different from the 2018 Browns. OverTheCap has their own prediction model, and this is what it looks like:
This is a little different from Mayfield’s model, but I would expect the actual numbers to be closer to what they predict. Regardless, the cap hit is still the same and the money is fully guaranteed. The base salary and signing bonus numbers are the key factors at play.