NFL
Michael Penix Jr.
Michael Penix Jr.
Atlanta Falcons, Quarterback
Age: 24-203d (May 08, 2000)
Country: US
College: Washington
Drafted: Round 1 (#8 overall), 2024
Agent(s): Tory Dandy, Reggie Johnson (CAA Football)
2024 Cap Hit
$4,160,479
2024 Cash
$14,256,916
Career Earnings
$14,256,916
2024-2028 Rookie (CURRENT)
Michael Penix Jr. signed a 4 year , $22,882,636 contract with the Atlanta Falcons, including $13,461,916 signing bonus, $22,882,636 guaranteed, and an average annual salary of $5,720,659. In 2024, Penix Jr. will earn a base salary of $795,000 and a signing bonus of $13,461,916, while carrying a cap hit of $4,160,479 and a dead cap value of $22,882,636.
Contract Terms:
4 yr(s) / $22,882,636
Average Salary:
$5,720,659
Signing Bonus:
$13,461,916
GTD at Sign:
$22,882,636
Total GTD:
$22,882,636
Free Agent:
2029 / UFA
| Year | Age | Status | Cap HitAnnual | Cap % League Cap | Cash Annual | Cash Cumulative | Dead Cap Annual | |
|---|---|---|---|---|---|---|---|---|
| 2024 |
|
24 | $4,160,479 | 1.63% | $14,256,916 | $14,256,916 | $22,882,636 | |
| 2025 |
|
25 | $5,200,599 | 1.90% | $1,835,120 | $16,092,036 | $18,722,157 | |
| 2026 |
|
26 | $6,240,719 | 2.13% | $2,875,240 | $18,967,276 | $13,521,558 | |
| 2027 |
|
27 | $7,280,839 | 2.33% | $3,915,360 | $22,882,636 | $7,280,839 | |
| 2028 |
|
28 |
Club
|
- | - | - | $22,882,636 | - |
| 2029 |
|
29 |
UFA |
| Year | Age | Status | Base P5 Salary | Signing Bonus | Roster Bonus | Cash Total | Cash Cumulative | AYC Cumulative | AYC Remaining | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 |
|
24 | $795,000 | $13,461,916 | - | $14,256,916 | $14,256,916 | $14,256,916 | $4,576,527 | |
| 2025 |
|
25 | $960,000 | - | $875,120 | $1,835,120 | $16,092,036 | $8,046,018 | $2,156,430 | |
| 2026 |
|
26 | $1,075,000 | - | $1,800,240 | $2,875,240 | $18,967,276 | $6,322,425 | $2,263,533 | |
| 2027 |
|
27 | $1,190,000 | - | $2,725,360 | $3,915,360 | $22,882,636 | $5,720,659 | $1,957,680 | |
| 2028 |
|
28 |
Club |
- | - | - | - | $22,882,636 | - | - |
Contract Notes
- Fully Guaranteed
- 5th-Year Option Available
Source:
NFL contract specifics generally collected from verified reports.
Seasons
Years
Career Earnings thru 2024
$14,256,916
Earnings w/ Different Teams
1 team
Earnings Per Year
| Year | Age | Team(s) | Status | Cash Total | Cash Cumulative | Awards |
|---|---|---|---|---|---|---|
| 2024 | 24 |
|
Active
|
$14,256,916 |
$14,256,916 |
|
| Total |
$14,256,916 |
$14,256,916 |
||||
| 2025 | 25 |
|
Active
|
$1,835,120 |
||
| 2026 | 26 |
|
Active
|
$2,875,240 |
||
| 2027 | 27 |
|
Active
|
$3,915,360 |
||
| Total |
$22,882,636 |
Earnings Per Team
| Years | Team | Base | Signing | Roster | Restructure | Option | Incentives | Cash Cumulative |
|---|---|---|---|---|---|---|---|---|
| 1 |
|
$795,000 | $13,461,916 | - | - | - | - | $14,256,916 |
| Year | Team(s) | Age | Base | Signing | Roster | Restructure | Option | Workout | Incentives | Cash Total | Cash Cumulative |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 |
|
24 |
$795,000
|
$13,461,916 |
$14,256,916 |
$14,256,916 |
|||||
| Total |
$795,000 |
$13,461,916 |
$14,256,916 |
$14,256,916 |
|||||||
| 2025 |
|
25 |
$960,000
|
$875,120 |
$1,835,120 |
||||||
| 2026 |
|
26 |
$1,075,000
|
$1,800,240 |
$2,875,240 |
||||||
| 2027 |
|
27 |
$1,190,000
|
$2,725,360 |
$3,915,360 |
||||||
| Total |
$4,020,000 |
$13,461,916 |
$5,400,720 |
$22,882,636 |
Earnings Per Team
| Years | Team | Base | Signing | Roster | Restructure | Option | Incentives | Cash Cumulative |
|---|---|---|---|---|---|---|---|---|
| 1 |
|
$795,000 | $13,461,916 | - | - | - | - | $14,256,916 |
| Year | Team | GP | GS | Snaps | Snaps% | Pass Attempts | Pass Completions | Pass Completion % | Pass Yards | Pass Yards/Gm | Pass Touchdowns | Pass Interceptions | Pass Rating | Rush Attempts | Rush Yards | Rush Touchdowns | Fum |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | ATL | 2 | 0 | 20 | 2.80 | 5 | 3 | 60.0 | 38 | 19.0 | 0 | 0 | 83.75 | 0 | 0 | 0 | 0 |
