The Atlanta Falcons have signed first-round QB Michael Penix Jr to a rookie contract, according to Jordan Schultz.
Atlanta has now signed all eight of their picks from the 2024 NFL Draft.
| Round | Player | Pos. | Note |
| 1 | Michael Penix Jr. | QB | Signed |
| 2 | Ruke Orhorhoro | DT | Signed |
| 3 | Bralen Trice | OLB | Signed |
| 4 | Brandon Dorlus | DT | Signed |
| 5 | JD Bertrand | LB | Signed |
| 6 | Jase McClellan | RB | Signed |
| 6 | Casey Washington | WR | Signed |
| 6 | Zion Logue | DT | Signed |
Penix, 23, transferred from Indiana to Washington for the 2022 season, after spending four seasons at Indiana. The Falcons used the No. 8 overall pick in the 2024 draft on Penix.
The No. 8 overall pick is projected to sign a four-year, $22,384,370 contract that includes a $13,099,542 signing bonus and will carry a $4,069,885 cap figure for the 2024 season. The contract includes a fifth-year option for the team to pick up in 2028.
Over his college career, Penix threw for 13,741 yards and 96 touchdowns with a 63.3 percent completion rate, adding 265 rushing yards and 13 rushing touchdowns.
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