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Rookie contracts approved

July 2nd, 2009

Updating a previous report, Scout.com reports that the three rookie contracts that were disapproved by the league have now been approved. The contracts of third round pick Chris Owens, fifth round pick Garrett Reynolds, and sixth round pick Spencer Adkins had to be re-done. Pro Football Talk reported previously that the reason for the league’s disapproving of the contracts was due to language oversight involving incentives.

According to the NFLPA website, all three players signed four-year contracts with base salaries of: $310,000 (2009); $395,000 (2010); $480,000 (2011); and $565,000 (2012).  Owens received a signing bonus of $688,000, while Reynolds got around $180,000. It is unknown how much of a signing bonus Adkins got. But as the 176th overall pick, he likely got a sum around $115,000 considering that the 178th overall pick (Seahawks quarterback Mike Teel) signed for $114,000.

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