The Denver Broncos hope they found a franchise quarterback in Bo Nix, whom they drafted in the first round of the 2024 NFL Draft. As a rookie, Nix has exceeded all expectations and led the Broncos to the playoffs, giving the organization hope that he’s a long-term solution under center. Let’s examine Nix’s contract, salary, net worth, and more.
Bo Nix’s Contract and Salary
Due to the NFL’s rookie-scale contracts, Nix is earning a fixed amount based on his draft position (No. 12 overall). He signed a four-year, $18,613,166 contract with the Broncos. Nix’s deal is fully guaranteed, and his average annual salary is $4,653,292.
During the 2024 season, Nix’s base salary is just $795,000 but he also received a $10,356,848 signing bonus from the Broncos. His cap hit for this season is $3,384,212.
According to Over the Cap, Nix’s salary ranks 40th among active quarterbacks.
For reference, some of the other quarterbacks with a larger cap hit than Nix include Houston Texans QB Davis Mills ($3,547,473), New York Giants QB Drew Lock ($5,000,000), and Dallas Cowboys third-string QB Trey Lance ($5,310,714).
What Is Nix’s Net Worth?
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.
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.
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.
While in college, Nix had endorsement deals with Topps, Bojangles, Milo’s Tea, Bose, and Candy Digital, among others. Now, he also has partnerships with companies such as Old Spice, Milo’s Tea Company, USAA, Buffalo Wild Wings, and Raising Canes.
Between his NFL contracts, NIL money, and current endorsements, Nix has an estimated net worth of $1.5 million. And as he continues to cash his NFL paychecks and ascend to superstardom, that number is sure to increase.
Denver Broncos vs. Buffalo Bills Game Preview
- Location: Highmark Stadium, Orchard Park, New York
- Time: 1 p.m. ET
- Channel: CBS/Paramount+
Nix is trying to lead the Broncos to a playoff win over the Buffalo Bills in the Wild Card Round.
Denver leads the league in Defense+, with blitzing serving as a cornerstone of their identity. Vance Joseph’s unit has blitzed at the third-highest rate of any defense this season.
For the Broncos to pull off the upset, playing from ahead will be essential. Bo Nix has been an above-average quarterback this season when playing with a lead but significantly less effective when attempting to lead a comeback.
The challenge for them is that their blitzing hasn’t been particularly effective, despite its frequency. Denver ranks 16th in pressure rate (41%) and 25th in success rate (50%) when sending extra pass rushers. In contrast, when the Broncos refrain from blitzing, they rank second in pressure rate (39%) and first in success rate (64%).
However, that could play into Josh Allen’s strengths. Allen thrives under pressure, ranking second in EPA per dropback when blitzed (0.30), trailing only Lamar Jackson. By traditional stats, Allen has thrown 15 touchdowns to just two interceptions when facing the blitz this season.
This is the sixth straight season in which Josh Allen is playing on Wild Card Weekend – he’s completed at least 70% of his passes in three of his past four, with multiple touchdown tosses in each of those contests (one touchdown pass for every 13.5 attempts across those four games).
Josh Allen has experienced some incredible playoff highs but also some recent lows. According to PFN’s QB+ metric, which dates back to 2019, Allen delivered the single best postseason performance on record. He achieved a perfect 100 A+ score in 2021, throwing nine touchdowns and zero interceptions in just two games.
However, in every other postseason of Allen’s career, his performance has been graded at a C-level or lower. Apart from 2021, he has never ranked higher than eighth in a single postseason by PFN’s QB+ metric.
Despite some recent playoff struggles, Allen has still thrown 21 touchdowns to just four interceptions in his postseason career. Among the 51 quarterbacks to throw 10 or more playoff touchdowns, his TD-to-INT ratio is the second-best in history, trailing only Alex Smith.
Allen and this unit have as high of a ceiling as any offense in the playoffs.
Allen has a chance to win 2024 MVP honors and seemingly made history every week. Buffalo’s offense is operating at such a high level that the bar to clear for the defense is lower than it would be on nearly any other team.
The Bills have met that threshold against lesser competition but will be challenged in the playoffs to help the Allen-Sean McDermott combination reach its first Super Bowl.