Michael Penix Jr.

Atlanta Falcons, Quarterback
Age: 24-149d (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
MANAGE CONTRACT
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
 - - - - -
2029 29
UFA
Year Age Status Base P5 Salary Signing Proration Roster Bonus Cap Hit Cap % League Cap Dead Cap
2024 24 $795,000 $3,365,479 - $4,160,479 1.63% $22,882,636
2025 25 $960,000 $3,365,479 $875,120 $5,200,599 1.90% $18,722,157
2026 26 $1,075,000 $3,365,479 $1,800,240 $6,240,719 2.13% $13,521,558
2027 27 $1,190,000 $3,365,479 $2,725,360 $7,280,839 2.33% $7,280,839
2028 28
Club
 - - - - - -
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
 - - - - - - -
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
  • Jun 22, 2024 Signed a 4 year $22.88 million contract with Atlanta (ATL)
  • Apr 25, 2024 Drafted by Atlanta (ATL): Round 1 (#8 overall)
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 0 0 0 0.00 0 0 0.0 0 0.0 0 0 0.00 0 0 0 0

TRANSACTIONS

Jun 22, 2024
Signed a 4 year $22.88 million contract with Atlanta (ATL)
Apr 25, 2024
Drafted by Atlanta (ATL): Round 1 (#8 overall)

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