Packers Sign Sherrod

The Packers' first round pick is in the fold for $5.32 million guaranteed.

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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Comments (15)

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jeremy's picture

July 29, 2011 at 07:53 pm

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

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PkrNboro's picture

July 29, 2011 at 07:59 pm

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...)

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PackerAaron's picture

July 29, 2011 at 08:02 pm

House is signed. Green is the only one outstanding.

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PkrNboro's picture

July 29, 2011 at 08:15 pm

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)

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PackersThad's picture

July 29, 2011 at 08:20 pm

Those numbers look so good...and reasonable!

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Derek's picture

July 29, 2011 at 08:22 pm

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

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Derek's picture

July 29, 2011 at 08:24 pm

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

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FITZCORE1252's picture

July 29, 2011 at 08:58 pm

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

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PackersRS's picture

July 29, 2011 at 08:29 pm

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.

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FITZCORE1252's picture

July 29, 2011 at 08:59 pm

Absolutely love it.

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Brian's picture

July 30, 2011 at 07:58 am

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!!!

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jaydubya's picture

July 30, 2011 at 09:35 am

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?

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MarkinMadison's picture

July 30, 2011 at 12:05 pm

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.

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PackersRS's picture

July 30, 2011 at 12:33 pm

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.

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jaydubya's picture

July 30, 2011 at 07:28 pm

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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