Prior to rookie minicamp, the Jacksonville Jaguars agreed to contract terms with third-round draft pick, Tulane defensive back Caleb Ransaw. 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 Ransaw, who was the 88th overall pick, his total contract value over the four-year deal is $6.281 million and includes $1.208 million 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 $302,014 cap hit each year.

In Year 1, Ransaw will earn a base salary of $840,000. In Year 2, it increases to $1.075 million, followed by $1.361 million in Year 3, and $1.646 million in Year 4.

Caleb Ransaw’s salary cap hits each year with Jacksonville Jaguars

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Mike Silver of The Athletic would call Ransaw one of GM James Gladstone’s draft crushes. Ransaw brings impressive speed to the Jaguars’ defensive backfield, running a 4.33-second 40, along with versatility as well, having played multiple positions at Tulane.

Within the Jaguars’ defense, Ransaw could compete for the starting strong safety role right away, and that combination of speed and versatility provides defensive coordinator Anthony Campanile with added flexibility.

“One of the things that really jumps out more than anything is the versatility,” Gladstone said of Ransaw via Jaguars on SI. “As we look at that defensive back room, obviously the capacity to play corner, play safety, he showcased the post work at the All-Star Circuit that really jumped out.

“Obviously, if you were to ever look at his stat page, what stands out is his tackle ratio. The root word of the position safety is safe, and he’s somebody that can make sure that when there is someone who gets loose, he can get them down.”

This article originally appeared on Jaguars Wire: Jacksonville Jaguars’ salary cap: Contract details for Caleb Ransaw