The Denver Broncos hope they found a franchise quarterback in the first round of the 2024 NFL Draft. Bo Nix was a superstar in his final year at Oregon. He was one of the most prolific players in the country, breaking multiple school records and even notching the best single-season completion percentage in NCAA history.
Nix truly was one of the best college quarterbacks ever, ranking second in NCAA history in total yards, fourth in total touchdowns, sixth in passing yards, seventh in completions, and 17th in passing touchdowns. This helped make him an early-round prospect, adding desperately needed talent to Denver’s quarterback room.
What Is Bo Nix’s Salary?
After being drafted 12th overall in the 2024 NFL Draft, he inked a four-year, $18.6 million contract, with $10.36 million coming in the form of a signing bonus. The AAV (average annual value) of his rookie deal is $4,653,292 million.
Of course, as a first-round pick, the Broncos have a team-controlled fifth-year option they could tack on at the end of the contract. Assuming the acumen is on the field, Nix’s fifth-year extension would be north of $20 million and would be accepted after his third season.
According to Over the Cap, Nix’s deal ranks 33rd among active quarterbacks in total value and 40th in AAV.
While not an apples-to-apples comparison, Dallas Cowboys EDGE Micah Parsons was drafted 12th like Nix — his fifth-year option was appraised at $21.3 million thanks to the lofty salaries at his position. Additionally, a fifth-year option contract is fully guaranteed once accepted by the team.
What Is Nix’s Net Worth and Career Earnings?
Nix was an NIL-era athlete. Being among the top talents in the nation, he made out well in roster valuations. According to On3, Nix’s annual roster valuation was $1.4 million, obviously one of the highest in the nation.
He also marketed himself well, partnering with many companies to fill his pockets and boost his name. He inked deals with multiple companies, including Topps, Bojangles, Milo’s Tea, Bose, and Candy Digital.
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Nix’s net worth was $1.5 million pre-draft. This is sure to rise after signing a fully guaranteed $18 million deal with the aforementioned $10.36 million signing bonus.
If Nix can produce half of what he could accomplish at the collegiate level, he may be good enough to build a roster around. However, the first step is earning the starting gig, and that means beating out veterans Jarrett Stidham and Zach Wilson.