Chris Olave Signs Fully Guaranteed Four-Year Deal Worth More Than $19 Million with New Orleans Saints

The former Ohio State wide receiver agreed to terms with the New Orleans Saints on Friday on a fully guaranteed four-year contract worth $19,271,874, according to ESPN’s Adam Schefter.

Saints and first-round pick Chris Olave agreed to terms on a 4-year, fully-guaranteed $19,271,874 deal, per his agents @DrewJRosenhaus and @NFLrecord.

— Adam Schefter (@AdamSchefter) May 13, 2022

Olave, who was selected by the Saints with the No. 11 overall pick in this year’s NFL draft and is going through rookie minicamp with the team this weekend (where he’s wearing No. 12), becomes the third member of this year’s Ohio State draft class to officially sign with his new team.

Fifth-round pick Tyreke Smith officially signed his deal with the Seattle Seahawks last week. His four-year contract carries a total value of $3,980,975 with a $320,976 signing bonus, according to Spotrac.

Seventh-round pick Thayer Munford signed his contract with the Las Vegas Raiders on Thursday. His contract is worth $3,757,060 over four years with a $97,060 signing bonus, per Spotrac.

We have signed four members of the 2022 draft class https://t.co/bkkWds7pWh@dilly_pill | @mattbutler_45 | @TMunford75 | @BrittainBKB pic.twitter.com/FdDgDsndW0

— Las Vegas Raiders (@Raiders) May 12, 2022