FLOWERY BRANCH, Ga. – The Falcons have signed quarterback Michael Penix Jr. to his rookie deal, the organization announced Monday.
Penix's rookie deal is estimated to be $22.8 million in total value, according to OverTheCap.com. He would carry a cap number of $4.16 million in 2024 before topping out in 2027 at $7.2 million.
Get to know more about the Falcons' No. 8 overall pick in the 2024 NFL Draft.
Height: 6-2
Weight: 216 lbs
School: University of Washington
2023 stats: 15 starts | 363 completions | 555 pass attempts | 65.4 completion percentage | 4,903 passing yards | 36 touchdowns | 11 interceptions
Honors: first-team All-American | 2x second-team All-Pac 12 | Comeback Player of the Year in 2022 | Maxwell Award winner in 2023 | Heisman Trophy finalist | 4x team captain
Quotes
General manager Terry Fontenot: "Very excited about (the first round of the NFL Draft), about the outcome and being able to add Michael Penix Jr. When you can add a high-caliber player like that, with his intangibles, those tools, he's a winner. Very, very excited. You don't pass up that opportunity.
"Kirk Cousins is our quarterback. We're very excited about Kirk. Very excited about this team. And Michael Penix is - we're talking about the future. The draft is - you look at the future and you look at big picture. But we are very excited about that quarterback room. Again, Kirk is our quarterback but adding Michael Penix is thinking about the future."
Penix: "(Being drafted) was something that I'd been dreaming of since I was a kid. So, to be able to be in this position, I'm blessed. That's all that I can say, I'm blessed. I had no idea, but I know that everything happens for a reason and I'm super excited to be able to be a part of the organization and I can't wait to go make an impact."
Assistant general manager Kyle Smith: "This is the first year that we were sitting there and staring down the barrel at a player that we think can be that guy."
