Denver Broncos, Bo Nix reach agree on rookie contract

Travis Wakeman

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Denver Broncos, Bo Nix reach agree on rookie contract image

The Denver Broncos wasted no time in selecting Bo Nix with their first-round pick in the 2024 NFL Draft and now they have wasted no time in signing him to his rookie contract. Details of the contract are reportedly $18.6 million over four years. 

Earlier in the week, we found out that Nix will wear No. 10 in the NFL, the same jersey number he wore at two schools in college. Nix is the first quarterback to be drafted in the first round by the Broncos since Paxton Lynch in 2016. 

 

That spring, the Broncos signed Lynch to a four-year, $9.4 million deal, so the price has basically doubled since then. Hopefully, the Broncos get about 100 times more from Nix than they got from Lynch. 

Nix is in line to be the Broncos' Week 1 starter which would make him the first rookie to open the season at quarterback for the team since John Elway in 1983 and just the second in team history. He'll have to fend off Zach Wilson and Jarrett Stidham to make that a reality. 

Travis Wakeman

Travis Wakeman Photo

Travis Wakeman has been covering the NFL since 2012 when he started with Bleacher Report. After reporting about the Broncos there until 2016, he joined the FanSided network as a site expert covering the San Diego/Los Angeles Chargers while simultaneously covering the Broncos at Broncos Wire when that site launched. He then took over the Broncos site at FanSided in March 2020 and covered the team there until spring of 2024. A lifelong Broncos fan and fan of the game, Travis is filled with sometimes useless NFL knowledge, but it always serves him well in any trivia contest. You can follow him on Twitter/X @traviswakeman10.