Here’s what the 2021 NFL draft picks will earn on their rookie contracts

A group of new athletes will join the National Football League on Thursday night as the NFL holds its annual draft.

For players, the team that recruits them can have a huge impact on how they develop as NFL professionals, but it can also have a huge impact on their wallets. A player’s draft pick number determines how much money he will make on his rookie contract. This is due to the NFL’s rookie pay scale, which allocates dollar amounts to specific draft positions. The higher a player’s recruitment, the more lucrative their overall contract and signing bonus will be. See Also: Golden State Warriors Becomes First Pro Sports Team To Launch Its Own NFTs Because of this scale, losing a few spots during the draft can cost players millions of dollars on their rookie contracts. Here are the estimated contracts and signing bonuses for first-round picks of the 2021 NFL draft, according to contract monitoring site Spotrac. Only signing bonuses are guaranteed to the player. Pick No. 1 Total contract value: $ 36.8 million, signing bonus: $ 24.2 million Pick No. 2 Total contract value: $ 35.2 million, signing bonus: $ 22.9 million Pick No. 3 Total contract value: $ 34.1 million, signing bonus: $ 22.2 million Pick No. 4 Total contract value: $ 32.9 million, signing bonus: $ 21.3 million Pick No. 5 Total contract value: $ 30.9 million, bonus to sign: $ 19.8 million Pick No. 6 Total contract value: $ 27.1 million, signing bonus: $ 17.1 million Pick No. 7 Total contract value: $ 24.1 million, signing bonus : $ 14.9 million Pick No. 8 Total contract value: $ 21.1 million, signing bonus: $ 12.7 million Pick No. 9 Total contract value: $ 20.9 million, signing bonus: $ 12.6 million Pick No. 10 Total contract Value: $ 20.2 million, signing bonus: $ 12 million Pick No. 11 Total contract value: $ 18.9 million, Signing bonus: $ 11.1 million Pick No. 12 Total contract value: $ 17.1 million, signing bonus: $ 9.8 million Pick No. 13 Total contract value: $ 16.6 million, signing bonus: $ 9.5 million Pick No. 14 Total contract value: $ 15.9 million, signing bonus: $ 8.9 million Pick No. 15 Total contract value: $ 15.6 million, signing bonus: $ 8.7 million Pick No. 16 Total value of the contract: $ 14.7 million, signing bonus: $ 8.1 million Pick No. 17 Total contract value: $ 14.4 million, signing bonus: $ 7.8 million Pick No. 18 Total contract value: $ 14 million, Signing bonus: $ 7.6 million Pick No. 19 Total contract value: $ 13.8 million, signing bonus: $ 7.4 million Pick No. 20 Total contract value: $ 13.7 million, signing bonus: $ 7.35 million Pick No. 21 Total contract value: $ 13.6 million, signing bonus: $ 7.3 million Pick No. 2 2 Total contract value: $ 13.5 million, signing bonus: $ 7.2 million Pick No. 23 Total contract Value: $ 13.4 million, signing bonus: $ 7.1 million Pick No. 24 Total contract value: $ 13 million, signing bonus: $ 6.9 million Pick No. 25 Total contract value: $ 12.9 million, signing bonus: $ 6.8 million Pick No. 26 Total contract value: $ 12.7 million , signing bonus: $ 6.6 million P ick No. 27 Total contract value: $ 12.6 million, signing bonus: $ 6.53 million Pick No. 28 Total contract value: $ 12.5 million, signing bonus: $ 6.5 million Pick No. 29 Total contract value: $ 11.9 million, signing bonus: $ 6.1 million Pick No .30 Total contract value: $ 11.6 million, signing bonus: $ 5.8 million Pick No. 31 Total contract value: $ 11.3 million, signing bonus: $ 5.6 million Pick No. 32 Total contract value: $ 11.2 million, bonus ion to sign: $ 5.5 million NFL draft begins Thursday at 8 p.m. EST and will air on ESPN, ABC, NFL Network, and more coverage of the NFL draft will take place on the Clubhouse audio-only platform .