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Packers Sign Sherrod

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Packers Sign Sherrod

From Rob Demovsky:

#Packers have completed negotiations with first-round pick Derek Sherrod. Source said he's on his way over to Lambeau to sign as we speak.

Tom Silverstein has the numbers:

Derek Sherrod four-year, $6.6 M contract that includes $5.32 M in grnteed money, a NFL source said.

Under the new rookie salary system, all first round contracts are four year deals with a club option for a fifth year.

The only unsigned draft pick now is third rounder Alex Green.

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Fan friendly comments only: off Comments (15) This filter will hide comments which have ratio of 5 to 1 down-vote to up-vote.

jeremy's picture

Cam Newton surely hates it, but I love this new rookie cap. We've had enough BS drama this summer.

PkrNboro's picture

OK -- so we're waiting on Alex Green and Davon House ??

I noticed on packers.com that we signed "Peanut"'s brother (Elisha Joseph) and Chris Donaldson, a 6-1,300# DE from OK State.

(http://www.packers.com/news-and-events/article-1/Packers-sign-seven-draf...)

packeraaron's picture

House is signed. Green is the only one outstanding.

PkrNboro's picture

Cool, thanks for the update.

I'm going from GBPG, PFT, packers.com, and CHTV -- trying to get the entire picture.

So with the last two undrafted guys, I've got a total of 84 (which counts ERFAs Briggs/Havner/Swain, but does not count unsigned UFAs
Bell/Bigby/Jenkins/Jones/Kuhn/Smith)

PackersThad's picture

Those numbers look so good...and reasonable!

Derek's picture

Wow, what a freaking awesome deal for a first round LT. that rookie wage scale is really paying off.

Derek's picture

saw tonight on ESPN that Cam Newton took $28 million less than Sam Bradford last year. That number is mind boggling.

FITZCORE1252's picture

If you break Sam's down to a 4 year that's true, but he signed a 6 year $78 mill contract... Cam 4 at $22... glad those days are behind us. This shit's nice.

GBP 4 LIFE

PackersRS's picture

Ah, the rookie wage scale. We'll see less and less 1st rounds busts each and every year. At least there won't be any worry of guys getting paid and shutting down. They won't get paid till their 4th year.

FITZCORE1252's picture

Absolutely love it.

Brian's picture

This is great. We open camp today with all but one drafted rookie signed, and something tells me that Alex Green's signature is on its way! Here's to yet another loaded Packer team. See yall in Indy!!!

jaydubya's picture

So nice to see some of those troublemaker agents and associated unwanted drama taken out of the rookie signing process.

Somewhat unrelated, any speculation if new wage scale will have an affect on college players choice to enter draft early?

MarkinMadison's picture

No, the drama has just moved to the second contract, and in a big way. We'll see how this shakes out. You could argue that money spent on an agent for the rookie contract is almost wasted money. It's the second deal where the agent will earn his keep. It'll be interesting to see how this affects the agents' industry.

PackersRS's picture

Second deal you know what you have. Either the player has leverage (played well) or he doesn't (played poorly). Before, teams had to commit to buttloads of money for guys they projeced to be good or bad.

Of course, this doesn't necessarily helps the Packers, as with TT we rarely made big mistakes with expensive rookies. But for the bums like the Bengals and Raiders, it's a life saver.

jaydubya's picture

Yep. It's sorta like fewer carappy odds scratch-off lotto tickets any of the teams are often practically forced to buy every late summer.

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