Born on May 08, 2000, Michael Tarrence Penix Jr. is a professional American football player who plays as a quarterback for the Atlanta Falcons. Penix Jr was the eighth pick for the Falcons in the first round of the 2024 NFL draft. Penix Jr was considered a major surprise as the Falcons had already signed a quarterback during the offseason.
During his high school career at Tampa Bay Technical High School in Florida, Penix Jr recorded a total of 61 touchdowns and had only 6 interceptions. For his collegiate football, Penix Jr enrolled in Indiana University, where during his freshman year he suffered an ACL tear.
Michael Penix Jr’s Contract Breakdown
Michael Penix Jr signed a four-year, $22,882,636 contract with the Falcons which included a signing bonus of $13,461,916, and an average annual salary of $5,720,659.
| Contract terms | Average Salary | Signing Bonus | GTD at Sign | Total GTD | Free Agent |
| 4yr(s)/$22,882,636 | $5,720,659 | $13,461,916 | $22,882,636 | $22,882,636 | 2029 / UFA |
| Year | Age | Base Salary | Signing Bonus | Cap Hit | Dead Cap |
| 2024 | 24 | $795,000 | $3,365,479 | $4,160,479 | $22,882,636 |
| 2025 | 25 | $960,000 | $3,365,479 | $5,200,599 | $18,722,157 |
| 2026 | 26 | $1,075,000 | $3,365,479 | $6,240,719 | $13,521,558 |
| 2027 | 27 | $1,190,000 | $3,365,479 | $7,280,839 | $7,280,839 |
| 2028 | 28 | - | - | - | - |
How much is Michael Penix Jr getting paid?
In 2024, Penix Jr will earn a base salary of $795,000 while having a cap hit of $4,160,479 and a dead cap value of $22,882,636.
How much does Michael Penix Jr make in a minute?
Michael Penix Jr. is earning about $27.12 every single minute of 2024! Not bad for a rookie quarterback, right?
Michael Penix Jr’s career earnings
As of Penix Jr’s 2024 contract, the rookie quarterback for the Atlanta Falcons will have a total career earnings of $22,882,636 by the end of his rookie contract.
How much of Michael Penix Jr’s contract is guaranteed?
Michael Penix Jr’s contract is fully guaranteed, which is $22,882,636. He also has an option of extending the contract for the fifth year.
What are the terms of Michael Penix Jr’s contract?
The contract guarantees the full amount over the four years, regardless of the injuries or his performance, with him having the option to extend the contract for a fifth year.
Michael Penix Jr’s Contract History
Michael Penix Jr. inked a four-year $22,882,636 contract with the Atlanta Falcons in 2024 and as of August 2024, is still under that deal.
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FAQ's On Michael Penix Jr Contract
A. Michael Penis Jr was born in Cookeville, Tennessee.
A. Michael Penis Jr attended Tampa Bay Technical High School.
A. Michael Penis Jr wears the number #09.
A. Michael Penis Jr is 6 ft and 2 inches tall.
