Well he does get a $2.4 million contract, according to the CBA, so while I’m sure he wishes he had gone higher he is making out better than most of the world right now. Let’s see if he can make something of an NFL career and not blow all of the money.
That is the “total value” of the contract, which is not really worth the paper it is printed on.
His guarantee is 64k. for the life of the contract if he sees it. He needs to make the team to get paid his first year salary of 480k.
Being a Quarterback, it helps him see that money. Almost everybody else gets nothing as a 7th round pick.