Michael Penix Jr. signed a 4 year, $22,882,636 contract with the Atlanta Falcons on June 22nd, 2024. The Contract runs through the 2027 season and has an average annual value of $5,720,659. It also came with a $13,461,916 signing bonus and $22,882,626 guaranteed. Penix was represented by Tory Dandy & Reggie Johnson (CAA Football) in negotiations.
Year | Base Salary | Cap Hit | Cap % |
---|---|---|---|
2024 | $795,000 | $4,160,479 |
1.63%
|
2025 | $960,000 | $5,200,599 |
1.86%
|
2026 | $1,075,000 | $6,240,719 |
2.03%
|
2027 | $1,190,000 | $7,280,839 |
2.16%
|