Chris Olave is now the latest New Orleans Saints rookie to sign off on his first contract in the NFL.
As noted by ESPN’s Adam Schefter, the Saints and Olave came to terms on a four-year, fully guaranteed deal. The former Ohio State wideout is set to earn $19.2 million over his opening four seasons in the NFL, and as a first-round pick in the 2022 NFL Draft, he will also have a fifth-year option in his contract.
Overall, Olave is also hauling in a notable $11.1 million signing bonus coupled with having a cap hit of $3.5 million for the 2022 season.
This agreement between Olave and the Saints came just in time for the start of the team’s rookie minicamp schedule on Friday.
Veteran quarterback Jameis Winston is slated to have a multitude of keen options at the wide receiver position in the 2022 campaign. Olave joins New Orleans after quite a notable run at Ohio State, where he tallied for 35 receiving touchdowns over four seasons. More so, the Saints came to terms with Jarvis Landry on a free agent deal on Friday, which may provide Winston with his new go-to target at the slot.
As it stands, Alontae Taylor is the lone player from the Saints’ draft class this year who has yet to put pen to paper on a rookie deal. New Orleans selected the former Tennessee cornerback in the second round of last month’s draft.