Andrus Peat’s rookie contract with the Saints is fully guaranteed for $11.39 million, according to the NFL Network’s Ian Rapoport and the Baltimore Sun’s Aaron Wilson.
Peat, the 13th pick of the draft and the last of New Orleans’ nine picks to sign his contract, picked up a $6.55 million signing bonus.
Peat’s base salaries in his first four seasons, according to Wilson, will increase steadily over the life of the contract.
Peat’s deal includes a fifth-year option for the Saints, a standard option for all first-round picks that the team must exercise between his third and fourth season in the league.
If the Saints decide to pick up the option, Peat will pick up a salary in his fifth season that is the average of the third-through-25th highest salary at his position.