The Denver Broncos have agreed to terms on a four-year contract with rookie wide receiver KJ Hamler, according to KUSA-TV’s Mike Klis.
Hamler’s contract is expected to have a signing bonus of $2,750,644 with a total value of $6,045,644, according to Klis. His signing bonus will be prorated over the four years of his contract for salary cap purposes.
Hamler (5-9, 178 pounds) caught 98 passes for 1,658 yards and 13 touchdowns during his two years at Penn State. He also totaled 1,258 yards as a punt and kickoff returner for the Nittany Lions.
Hamler, the team’s second-round pick, will compete with DaeSean Hamilton and Tim Patrick for the team’s No. 3 receiver job behind starters Courtland Sutton and Jerry Jeudy. Diontae Spencer and Juwann Winfree will also be competing for rotational wide receiver snaps.
Denver’s draft class will have combined salary cap hits of $9,980,665 but the net cap hit will be closer to $3,219,217. After signing their draft class, the Broncos will have about $13,837,021 in remaining salary cap space.
