Michael Penix Jr.

Atlanta Falcons, Quarterback
Age: 25y-10m-0d (May 08, 2000)
Exp: 2 Years
Country: US
College: Washington
Drafted: Round 1 (#8 overall), 2024
Agent(s): Tory Dandy, Reggie Johnson (CAA Football)
2026 Cap Hit

$6,240,719

2026 Cash

$2,875,240

Career Earnings

$16,167,892

2024-2028 Rookie (CURRENT)

Michael Penix Jr. signed a 4 year, $22,882,636 contract with the Atlanta Falcons, including $13,461,916 signing bonus, $22,882,636 guaranteed, and an average annual salary of $5,720,659. In 2026, Penix Jr. will earn a base salary of $1,075,000 and a roster bonus of $1,800,240, while carrying a cap hit of $6,240,719 and a dead cap value of $13,521,558.
Contract Terms:
4 yr(s) / $22,882,636
Average Salary:
$5,720,659
Signing Bonus:
$13,461,916
GTD at Sign:
$22,882,636
Total GTD:
$22,882,636
Free Agent:
2029 / UFA
MANAGE CONTRACT
Year Age Status Cap HitAnnual Cap % League Cap Cash Annual Cash Cumulative Dead Cap Annual
2024 24 $4,160,479 1.63% $14,323,952 $14,323,952 $22,882,636
2025 25 $5,209,419 1.87% $1,843,940 $16,167,892 $18,730,977
2026 26 $6,240,719 2.07% $2,875,240 $19,043,132 $13,521,558
2027 27 $7,280,839 2.25% $3,915,360 $22,958,492 $7,280,839
2028 28
Club
 - - - $22,958,492 -
2029 29
UFA
Year Age Status Base P5 Salary Signing Proration Roster Bonus Workout Bonus Cap Hit Cap % League Dead Cap
2024 24 $795,000 $3,365,479 - - $4,160,479 1.63% $22,882,636
2025 25 $960,000 $3,365,479 $875,120 $8,820 $5,209,419 1.87% $18,730,977
2026 26 $1,075,000 $3,365,479 $1,800,240 - $6,240,719 2.07% $13,521,558
2027 27 $1,190,000 $3,365,479 $2,725,360 - $7,280,839 2.25% $7,280,839
2028 28
Club
 - - - - - - -
2029 29
UFA
Year Age Status Base P5 Salary Signing Bonus Roster Bonus Workout Bonus Cash Total Cash Cumulative Cash Remaining
2024 24 $795,000 $13,461,916 - - $14,323,952 $14,323,952 $22,958,492
2025 25 $960,000 - $875,120 $8,820 $1,843,940 $16,167,892 $8,634,540
2026 26 $1,075,000 - $1,800,240 - $2,875,240 $19,043,132 $6,790,600
2027 27 $1,190,000 - $2,725,360 - $3,915,360 $22,958,492 $3,915,360
2028 28
Club
 - - - - - $22,958,492 -
Contract Notes
  • Fully Guaranteed
  • 5th-Year Option Available
Source: NFL contract specifics generally collected from verified reports.
Seasons

2 Years

Career Earnings thru 2026

$16,167,892

Earnings w/ Different Teams

1 team

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2024 24
Active
$14,323,952
$14,323,952
2025 25
Injured
$1,843,940
$16,167,892
Total      
$16,167,892
$16,167,892
2026 26
Active
$2,875,240
2027 27
Active
$3,915,360
Total
$22,958,492

Earnings Per Team

Years Team Base Signing Roster Restructure Option Incentives Cash Cumulative
2 $1,755,000 $13,461,916 $875,120 - $8,820 $67,036 $16,167,892
Year Team(s) Age Base Signing Roster Restructure Option Workout Incentives Cash Total Cash Cumulative
2024
24
$795,000
$13,461,916
$67,036
$14,323,952
$14,323,952
2025
25
$960,000
$875,120
$8,820
$1,843,940
$16,167,892
Total
$1,755,000
$13,461,916
$875,120
$8,820
$67,036
$16,167,892
$16,167,892
2026
26
$1,075,000
$1,800,240
$2,875,240
2027
27
$1,190,000
$2,725,360
$3,915,360
Total
$4,020,000
$13,461,916
$5,400,720
$8,820
$67,036
$22,958,492

Earnings Per Team

Years Team Base Signing Roster Restructure Option Incentives Cash Cumulative
2 $1,755,000 $13,461,916 $875,120 - $8,820 $67,036 $16,167,892

Injuries

Year Weeks Reason
2025 ATL 12 - 18 Knee (ACL)
  • Jun 22, 2024 Signed a 4 year $22.88 million contract with Atlanta (ATL)
  • Apr 25, 2024 Drafted by Atlanta (ATL): Round 1 (#8 overall)
Year Team GP GS Snaps Snaps% Pass Attempts Pass Completions Pass Completion % Pass Yards Pass Yards/Gm Pass Touchdowns Pass Interceptions Pass Rating Rush Attempts Rush Yards Rush Touchdowns Fum
2025 ATL 9 9 553 50.46 276 166 60.1 1,982 220.2 9 3 88.47 21 70 1 4
2024 ATL 5 3 230 20.12 105 61 58.1 775 155.0 3 3 78.87 7 11 1 2
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