Prior to rookie minicamp, the Indianapolis Colts agreed to contract terms with sixth-round draft pick, Notre Dame quarterback Riley Leonard. Over the Cap now has those contract details.
When it comes to rookie deals, the rookie wage scale sets the parameters, based on where the player was drafted, that puts in place a ceiling and a floor for how much each draft pick can earn over their standard four-year contract.
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For a more detailed look at the rookie wage scale, click here.
For Leonard, who was the 189th overall pick, his total contract value over the four-year deal is $4.435 million and includes $235,244 guaranteed as a signing bonus.
From a cap perspective, that signing bonus amount will be prorated over the four years of the contract, in the form of a $58,811 cap hit each year.
In Year 1, Leonard will earn a base salary of $840,000. In Year 2, it increases to $1.005 million, followed by $1.120 million in Year 3, and $1.235 million in Year 4.
Riley Leonard’s salary cap hits each year with Indianapolis Colts
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With Anthony Richardson and Daniel Jones already on the roster, Leonard will have the opportunity to earn the third quarterback spot on the depth chart and continue to develop. Long-term, he has a path to becoming the Colts‘ primary backup quarterback if he can continue to progress.
Leonard was on the Colts’ radar throughout the pre-draft process, and one element of his game that stood out to Indianapolis was that he had his best performances in some of Notre Dame’s biggest matchups.
“He’s got the physical ability to be much more than a No. 3,” area scout Mike Lacy said after the draft. “I think that’s kind of what he’s going to be coming in as. He’s going to find his way. He’s going to learn, be a sponge, soak things up and be ready to go. We’re excited about what he can be, that’s for sure.”
This article originally appeared on Colts Wire: Indianapolis Colts’ salary cap: Contract details for QB Riley Leonard