One more first-round pick is now under contract.

The Denver Broncos have signed tight end Noah Fant to a four-year contract with a fifth-year option, Mike Klis of 9News reports.

Fant was selected No. 20 overall by the Broncos after general manager John Elway traded down 10 spots with Pittsburgh, which drafted linebacker Devin Bush.

Per the industry website Spotrac, Fant’s contract will be worth $12.55 million, including a $7.15 million signing bonus. His salary cap charge this year will be $2,282,363.

He’s expected to play a large role as a target for Joe Flacco early in his rookie season. Denver's selection of the 6-foot-4, 249-pound Fant in the draft addressed a position of need, and he should immediately press for a starting job heading into training camp.

In addition to size, Fant possesses speed, having clocked a 4.50 time in the 40-yard dash at the NFL Scouting Combine. He finished his college career at Iowa with 78 catches for 1,083 yards and 19 touchdowns, and Fant is in a perfect spot to contribute when considering his quarterback.

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During his time with the Baltimore Ravens, Flacco didn't hesitate to get his tight end involved in the passing game and he recently expressed excitement to work with Fant.

Flacco and the Broncos expect big things with the first-round pick, and the talented Fant should deliver.

Fant’s signing leaves the Broncos with three draft picks to sign before the entire class is under contract. Third-round defensive tackle Dre’Mont Jones joins second-round picks Dalton Risner and Drew Lock on that list.