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Garrett Grayson’s contract will pay him $3.4 million over the next four years, according to a source.

The third-round quarterback will receive base salaries of $435,000 in 2015, $589,000 in 2016, $744,000 in 2017 and $898,700 in 2018. The deal also includes a $733,000 signing bonus.

Grayson agreed to his deal on Monday.