Falcons, QB Michael Penix Jr. agree to terms on rookie contract

Michael Penix Jr. is ready to sign on the dotted line.

The Atlanta Falcons' No. 8 overall pick in the 2024 NFL Draft has agreed to terms on a four-year, $22.8 million rookie contract, NFL Network Insider Ian Rapoport reported, per a source.

Atlanta's selection of Penix was the stunning decision of draft night after the club's big offseason signing of Kirk Cousins, who became a Falcon on a four-year, $180 million contract that includes $100 million in guarantees.

Penix will presumably sit behind Cousins for the next couple of years as an eventual successor. The 24-year-old rose to stardom during his final collegiate season, winning the Maxwell Award as the nation's top player and becoming a finalist for the Heisman Trophy after leading the nation in passing with 4,903 yards.

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