The No. 5 overall pick is now a very rich man.
One of the final draftees to sign his first NFL contract was No. 5 overall pick Ja’Marr Chase, a game-breaking receiver who actually played with current Bengals QB Joe Burrow at LSU. The two were part of the Tigers’ 2019 national title-winning team, and they’ll now reunite in Cincinnati.
As you can imagine, top-five picks make quite a bit of money with their rookie contracts, and Chase will be no different. His deal is four years worth $30,819,641, which is fully guaranteed and includes a $19,774,284 signing bonus, according to Spotrac.
This coming season, Chase will earn a base salary of $660,000 and a signing bonus of $19,774,284 while carrying a cap hit of $5,603,571.
As is the case with every first-round pick, Chase’s contract includes a fifth-year option that can be exercised after three seasons (the 2024 offseason). You can read more at Over The Cap about how fifth-year contract values are determined.
The fifth-year salary is fully guaranteed when the option is exercised. A player’s fourth-year base salary will also become fully guaranteed at the time the option year is up. In the past, the salary on fifth-year options was guaranteed only for injury and wasn’t become fully guaranteed until the first day of the new league year.
In other words, Chase is now a very rich man and will remain so for a very long time as long as he manages his assets well. Hopefully, he’ll be doing so while enjoying a great NFL career with the Bengals for the foreseeable future.