There’s a lot to be said for hearing your name called in the NFL draft, but in some cases it pays to be patient and reach undrafted free agency. Those seas are turbulent, but there’s big profits to be won from sailing them. Several New Orleans Saints rookies have certainly cashed in this year after hammering out undrafted free agent contracts in the hours and days after the draft.
Once you get into the later rounds, some players may prefer to not be picked at all because of the unique contract quirks that comes with that status. For drafted players, contract guarantees are tied to their draft slot — so a sixth-round pick may only receive a signing bonus valued between $218,000 and $133,000, for example. Seventh-rounders receive even less in guarantees: former South Alabama wide receiver Kawaan Baker, the Saints’ seventh-round selection in 2021, only received $80,076 in guarantees as the No. 255 overall pick.
