The Denver Broncos hope they found a franchise quarterback in Bo Nix, whom they drafted in the first round of the 2024 NFL Draft.
Nix emerged as a superstar at Oregon, breaking multiple school records and even notching the best single-season completion percentage in NCAA history. He had a terrific collegiate career, ranking second in NCAA history in total yards, fourth in total touchdowns, sixth in passing yards, seventh in completions, and 17th in passing touchdowns.
Now, as the No. 12 overall pick in the 2024 NFL Draft, how much money is Nix making, and what is his net worth?
What Is Bo Nix’s Salary?
After being drafted with the No. 12 overall in the 2024 NFL Draft, he inked a four-year, $18.6 million contract, with $10.36 million coming in the form of a signing bonus. The AAV (average annual value) of his rookie deal is $4,653,292.
Of course, as a first-round pick, the Broncos have a team-controlled fifth-year option they could tack on at the end of the contract. A fifth-year option contract becomes fully guaranteed once accepted by the team.
The @oregonfootball connection!
Bo Nix finds Troy Franklin for his first career TD catch!
📺: #LACvsDEN on CBS/Paramount+
📱: https://t.co/waVpO8ZBqG pic.twitter.com/FU4T8eKNT8— NFL (@NFL) October 13, 2024
According to Over the Cap, Nix’s deal ranks 33rd among active quarterbacks in total value and 40th in AAV.
In terms of AAV, Nix is earning less than backups like Drew Lock, Marcus Mariota, Tyrod Taylor, Jacoby Brissett, and Trey Lance. In fact, he’s the third-highest-paid quarterback on Denver’s roster, as Jarrett Stidham and Zach Wilson are both making more than him.
What Is Nix’s Net Worth and Career Earnings?
For many years, college football stars weren’t able to make any money while in school, so their first significant payday happened once they entered the NFL. However, in Nix’s case, he was doing well for himself even before turning pro thanks to his NIL deals.
As one of the top players in the country at a powerhouse program like Oregon, Nix was a millionaire before he got drafted. According to On3, Nix’s annual roster valuation was $1.4 million, which was one of the highest in the nation.
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While in college, Nix had endorsement deals with Topps, Bojangles, Milo’s Tea, Bose, and Candy Digital, among others.
Prior to the draft, Nix’s net worth was estimated to be $1.5 million. As he continues to cash his NFL paychecks and partner with more brands, that number is sure to increase.
All eyes will be on Nix to see if he duplicate the success he experienced at the collegiate level. It remains to be seen if he can emerge as the Broncos’ franchise quarterback.