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Did Malachi Corley Ever Sign A Rookie Deal ??


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On 6/20/2024 at 5:12 PM, JetsFanatic said:

 

That number is now down to 7 unsigned draft picks, out of the entire 2024 NFL draft class;

Five in the 1st round & Two in the 3rd round, 

The 5 unsigned players in the first round (2 of which are QB's) I can understand on some level - but the 2 unsigned players in the top of the 3rd round, make no sense to me, whatsoever.

2024 NFL Draft Pick Signings | The Football Database (footballdb.com)

2024 NFL Draft Pick Signings

 

Round 1
Pick Team Player Pos College Status
1 Chicago Caleb Williams QB Southern California Unsigned
2 Washington Jayden Daniels QB Louisiana State Signed on 06/14/2024
3 New England Drake Maye QB North Carolina Signed on 05/28/2024
4 Arizona Marvin Harrison WR Ohio State Signed on 05/23/2024
5 LA Chargers Joe Alt OT Notre Dame Signed on 06/11/2024
6 NY Giants Malik Nabers WR Louisiana State Signed on 05/10/2024
7 Tennessee JC Latham OT Alabama Signed on 05/13/2024
8 Atlanta Michael Penix QB Washington Signed on 06/21/2024
9 Chicago Rome Odunze WR Washington Unsigned
10 Minnesota J.J. McCarthy QB Michigan Unsigned
11 NY Jets Olu Fashanu OT Penn State Signed on 05/14/2024
12 Denver Bo Nix QB Oregon Signed on 05/13/2024
13 Las Vegas Brock Bowers TE Georgia Signed on 05/10/2024
14 New Orleans Taliese Fuaga OT Oregon State Signed on 05/10/2024
15 Indianapolis Laiatu Latu DE UCLA Signed on 05/10/2024
16 Seattle Byron Murphy DT Texas Signed on 05/06/2024
17 Minnesota Dallas Turner LB Alabama Unsigned
18 Cincinnati Amarius Mims OT Georgia Unsigned
19 LA Rams Jared Verse DE Florida State Signed on 05/28/2024
20 Pittsburgh Troy Fautanu OG Washington Signed on 06/04/2024
21 Miami Demeioun Robinson DE Penn State Signed on 06/14/2024
22 Philadelphia Quinyon Mitchell DB Toledo Signed on 06/06/2024
23 Jacksonville Brian Thomas WR Louisiana State Signed on 06/07/2024
24 Detroit Terrion Arnold DB Alabama Signed on 06/13/2024
25 Green Bay Jordan Morgan OT Arizona Signed on 06/13/2024
26 Tampa Bay Graham Barton C Duke Signed on 06/13/2024
27 Arizona Darius Robinson DT Missouri Signed on 05/29/2024
28 Kansas City Xavier Worthy WR Texas Signed on 06/07/2024
29 Dallas Tyler Guyton OT Oklahoma Signed on 05/10/2024
30 Baltimore Nate Wiggins DB Clemson Signed on 05/02/2024
31 San Francisco Ricky Pearsall WR Florida Signed on 06/21/2024
32 Carolina Xavier Legette WR South Carolina Signed on 05/10/2024

 

Round 2
Pick Team Player Pos College Status
33 Buffalo Keon Coleman WR Florida State Signed on 06/12/2024
34 LA Chargers Ladd McConkey WR Georgia Signed on 06/20/2024
35 Atlanta Ruke Orhorhoro DT Clemson Signed on 05/13/2024
36 Washington Jer'Zhan Newton DT Illinois Signed on 06/13/2024
37 New England Ja'Lynn Polk WR Washington Signed on 06/13/2024
38 Tennessee T'Vondre Sweat DT Texas Signed on 06/05/2024
39 LA Rams Braden Fiske DT Florida State Signed on 05/13/2024
40 Philadelphia Cooper DeJean DB Iowa Signed on 05/20/2024
41 New Orleans Ga'Quincy McKinstry DB Alabama Signed on 05/31/2024
42 Houston Kamari Lassiter DB Georgia Signed on 05/10/2024
43 Arizona Max Melton DB Rutgers Signed on 05/14/2024
44 Las Vegas Jackson Powers-Johnson C Oregon Signed on 05/13/2024
45 Green Bay Edgerrin Cooper LB Texas A&M Signed on 05/23/2024
46 Carolina Jonathon Brooks RB Texas Signed on 05/10/2024
47 NY Giants Tyler Nubin DB Minnesota Signed on 05/31/2024
48 Jacksonville Maason Smith DT Louisiana State Signed on 06/06/2024
49 Cincinnati Kris Jenkins DT Michigan Signed on 06/13/2024
50 Washington Mike Sainristil DB Michigan Signed on 06/11/2024
51 Pittsburgh Zach Frazier C West Virginia Signed on 06/10/2024
52 Indianapolis Adonai Mitchell WR Texas Signed on 06/06/2024
53 Washington Ben Sinnott TE Kansas State Signed on 06/14/2024
54 Cleveland Michael Hall DT Ohio State Signed on 06/07/2024
55 Miami Patrick Paul OT Houston Signed on 06/11/2024
56 Dallas Marshawn Kneeland DE Western Michigan Signed on 06/11/2024
57 Tampa Bay Chris Braswell LB Alabama Signed on 06/12/2024
58 Green Bay Javon Bullard DB Georgia Signed on 06/03/2024
59 Houston Blake Fisher OT Notre Dame Signed on 05/30/2024
60 Buffalo Cole Bishop DB Utah Signed on 06/04/2024
61 Detroit Ennis Rakestraw DB Missouri Signed on 05/31/2024
62 Baltimore Roger Rosengarten OT Washington Signed on 05/02/2024
63 Kansas City Kingsley Suamataia OT Brigham Young Signed on 05/21/2024
64 San Francisco Renardo Green DB Florida State Signed on 05/10/2024

 

Round 3
Pick Team Player Pos College Status
65 NY Jets Malachi Corley WR Western Kentucky Unsigned
66 Arizona Trey Benson RB Florida State Unsigned
67 Washington Brandon Coleman OT Texas Christian Signed on 06/14/2024
68 New England Caedan Wallace OT Penn State Signed on 05/31/2024
69 LA Chargers Junior Colson LB Michigan Signed on 05/10/2024
70 NY Giants Andru Phillips DB Kentucky Signed on 05/15/2024
71 Arizona Isaiah Adams OT Illinois Signed on 05/14/2024
72 Carolina Trevin Wallace LB Kentucky Signed on 05/10/2024
73 Dallas Cooper Beebe OG Kansas State Signed on 05/10/2024
74 Atlanta Bralen Trice LB Washington Signed on 05/17/2024
75 Chicago Kiran Amegadjie OT Yale Signed on 05/15/2024
76 Denver Jonah Elliss LB Utah Signed on 05/14/2024
77 Las Vegas Delmar Glaze OT Maryland Signed on 05/10/2024
78 Houston Calen Bullock DB Southern California Signed on 05/17/2024
79 Indianapolis Matt Goncalves OT Pittsburgh Signed on 05/13/2024
80 Cincinnati Jermaine Burton WR Alabama Signed on 05/14/2024
81 Seattle Christian Haynes OG Connecticut Signed on 05/17/2024
82 Arizona Tip Reiman TE Illinois Signed on 05/13/2024
83 LA Rams Blake Corum RB Michigan Signed on 05/13/2024
84 Pittsburgh Roman Wilson WR Michigan Signed on 05/13/2024
85 Cleveland Zak Zinter OG Michigan Signed on 05/10/2024
86 San Francisco Dominick Puni OT Kansas Signed on 05/10/2024
87 Dallas Marist Liufau LB Notre Dame Signed on 05/10/2024
88 Green Bay MarShawn Lloyd RB Southern California Signed on 05/14/2024
89 Tampa Bay Tykee Smith DB Georgia Signed on 05/22/2024
90 Arizona Elijah Jones DB Boston College Signed on 05/15/2024
91 Green Bay Ty'Ron Hopper LB Missouri Signed on 05/14/2024
92 Tampa Bay Jalen McMillan WR Washington Signed on 05/29/2024
93 Baltimore Adisa Isaac LB Penn State Signed on 05/14/2024
94 Philadelphia Jalyx Hunt DE Houston Baptist Signed on 05/13/2024
95 Buffalo DeWayne Carter DT Duke Signed on 06/04/2024
96 Jacksonville Jarrian Jones DB Florida State Signed on 05/10/2024
97 Cincinnati McKinnley Jackson DT Texas A&M Signed on 05/10/2024
98 Pittsburgh Payton Wilson LB North Carolina State Signed on 05/13/2024
99 LA Rams Kamren Kinchens DB Miami Signed on 05/16/2024
100 Washington Luke McCaffrey WR Rice Signed on 05/10/2024
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Let's play a game!  Pick one.    Out of the unsigned 7.... who will be last to sign?  I've got dibbs on Corley although it will likely be Caleb.

 

1 Chicago Caleb Williams QB Southern California Unsigned
9 Chicago Rome Odunze WR Washington Unsigned
10 Minnesota J.J. McCarthy QB Michigan Unsigned
17 Minnesota Dallas Turner LB Alabama Unsigned
18 Cincinnati Amarius Mims OT Georgia Unsigned
65 NY Jets Malachi Corley WR Western Kentucky Unsigned
66 Arizona Trey Benson RB Florida State Unsigned
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26 minutes ago, peebag said:

So what contract details exactly can these rookies barter on?  I thought with the rookie contracts there was not much wiggle room.

How rookie wage scale operates

The rookie wage scale is essentially a salary cap within the overall salary cap. The increases in rookie salaries from one draft class to another are primarily tied to growth of the salary cap. Signing bonuses are going up 3.79%, which is the biggest increase since 2019. The increase had been 1% for each of the last three years because the NFL and NFLPA agreed in 2020 to borrow money from future rookie wage scales to keep 2021 rookie deals from decreasing because of the 2020 revenue shortfall caused by COVID-19. 

There's a league-wide limit on the total amount of compensation for rookies with specific salary parameters for each draft slot. Teams have maximum and minimum amounts that can be spent on their picks based on draft position. 

All contracts for draft choices are four years. Each pick in the draft has a salary floor and ceiling in the first year and over the four years of the contract. There are very few negotiable items with rookie contracts anymore. The salary components of a deal are restricted to signing bonus, base salary, roster bonus, reporting bonus, workout bonus and select incentives. The type of salary escalators and incentives that used to be responsible for salaries skyrocketing at the top of the draft are prohibited under the rookie wage scale. A majority of picks only have signing bonus and base salaries in their deals. 

An extremely important aspect of these deals is the first-year salary cap number (also known as the rookie pool number) because it helps determine the overall value of a contract. The first-year cap number or rookie pool number consists of the player's prorated amount of signing bonus and the rookie minimum base salary, which is $795,000 in 2024. 

The maximum annual increase in each of the four years of a deal is 25% of the first-year cap number. To illustrate this concept, 2023 26th overall pick Dalton Kincaid's cap numbers were limited to a $610,320 increase in each year of his deal because his first-year cap number was $2,441,280. Since all of these deals have minimum base salaries in the first year, the remainder of the contract is derived within these constraints. 

Draft-pick contracts can't be renegotiated until the conclusion of a player's third NFL regular season. This means the earliest Kincaid's deal can be redone is in January 2026.

Teams have an option for a fifth year with first-round picks that must be exercised after the third year of the deal. The period for exercising fifth-year options begins after a player's third NFL regular season ends (Jan. 8, 2024 with the 2021 first-round picks). These options must be picked up prior to May 3. 

Agent's Take: 2024 NFL rookie contract projections for key Round 1 picks, with wage scale explainer - CBSSports.com

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Finally, someone is doing their homework, here is some new insight & Bravo Zulu to Howard Balzer for digging into this topic.

Turns out that Corley, has Jimmy Sexton as his agent - which is undoubtedly, a large part of the problem.

The wait for Arizona Cardinals RB Trey Benson’s contract continues (usatoday.com)

The wait for Cardinals RB Trey Benson’s contract continues

USATSI_23237597-e1716580270304.jpg?w=1000&h=600&crop=1
Howard_Balzer.jpg?w=48&h=48
June 23, 2024 12:01 pm MT
 
As the final week of June begins, and the countdown to the start of training camps is less than a month, sticking out like sore thumbs, are two of the seven unsigned 2024 draft choices: New York Jets wide receiver Malachi Corley and Arizona Cardinals running back Trey Benson.

Yes, 250 of the 257 selections have signed their rookie contracts.

The other five unsigned are all first-round picks:

  • Bears QB Caleb Williams (first overall)
  • Bears WR Rome Odunze (ninth overall)
  • Vikings QB J.J. McCarthy (10th overall)
  • Vikings EDGE Dallas Turner (17th overall)
  • Bengals T Amarius Mims (18th overall)

That group was reduced by two this past week when the Falcons signed quarterback Michael Penix Jr. (eighth overall) and the 49ers signed wide receiver Ricky Pearsall (31st overall). The second round was also completed last week when the Chargers signed second-round wide receiver Ladd McConkey.

So, what’s the holdup for Corley and Benson, the first and second picks, respectively, in the third round?

It’s difficult to pinpoint with the possibility that it’s simply the agents for Corley (Jimmy Sexton) and Benson (Andre Odum) waiting for the other to sign and that they are trying to distance themselves somewhat from the next group of third-round picks that have signed.

There are very small gaps between the overall value of the third through sixth choices in the round. Also, 10 third-round contracts traded base-salary money in their second through fourth seasons for offseason workout bonuses ranging from $40,000 to $75,000.

The 35 signed No. 3 choices all have full 2024 splits, which means landing on injured reserve would reduce their rookie minimum $795,000 base salaries to $470,000. None of the second-round picks have a 2024 split in their deals, so Sexton and Odum might be seeking to eliminate that for the first two selections in the round.

It’s also likely that Sexton wants a premium for Corley being the first pick in the round, so Odum is motivated to wait so whatever the gap is won’t be too large.

In addition, the reality of the slotting system is that the difference between each slot in a round isn’t significant, but there is a large dropoff from the final pick of one round to the first choice of the next round.

The final pick in the first round, Panthers wide receiver Xavier Legette, received a fully guaranteed contract worth $12.357 million. The contract for Bills wide receiver Keon Coleman, the first pick in the second round, was $2.28 million lower than Legette and included $2.7 million less guaranteed money. However, the gap between Legette and Pearsall is only $181,000.

The last pick in the second round, 49ers cornerback Renardo Green, signed a deal worth $6.39 million with $3.348M guaranteed. The difference for the picks before him in both categories is in the low thousands. With Corley and Benson unsigned, the contract for Coleman is $332.000 lower than Green, but the guaranteed money gap is $2.1 million.

In the third round, the difference between many picks is as low as $15,000. However, the falloff from Commanders wide receiver Luke McCaffrey, the final pick in the round, to the contract for the first choice in the fourth round, Panthers tight end Ja’Tavion Sanders, is $627,000, although there is a guaranteed-money difference of only a tad less than $16,000.

The total gap is because of higher base salaries than the minimum in 2025-27. The base salaries for all fourth-round choices are the league minimum.

Thus, the wait for Corley and Benson continues.

For close examination, following are the breakdowns for the four players selected after Benson:

T/G Brandon Coleman, Commanders

$6.058M total; $1.226M signing bonus; $1.03M, $1.306M, $1.581M salaries 2025-27

T Caedan Wallace, Patriots

$6.043M total; $1.215M signing bonus; $1.07M, $1.344M, $1.619M salaries 2025-27; $40K offseason workout bonuses 2025-27

LB Junior Colson, Chargers

$6.027M total; $1.203M signing bonus; $1.069, $1.343, $1.617M salaries 2025-27

CB Dru Phillips, Giants

$5.996M total; $1.181M signing bonus; $1.018M, $1.29M, $1.563M salaries 2025-27; $50K offseason workout bonuses 2025-27

All of the salaries from 2025-27 are larger than the league minimums of $960K, $1.075M and $1.19M.

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