
Players selected in the first round of an NFL draft have a built-in clause in their contracts that allows their team to exercise a fifth-year option.
This offseason, teams who picked a player in the first round of the 2020 NFL draft can exercise a fifth-year contract option for the 2024 season. For the Denver Broncos, that applies to wide receiver Jerry Jeudy, who was picked 15th overall out of Alabama in 2020.