Reports: QB Michael Penix Jr., Falcons agree to contract terms

(Photo credit: Dale Zanine-USA TODAY Sports)

The Atlanta Falcons have agreed to contract terms with quarterback Michael Penix Jr., their first-round pick, according to multiple media reports on Friday.

Penix, selected eighth overall out of Washington, is getting a four-year rookie deal valued at $22.88 million, including a $13.46 million signing bonus.

All contracts involving first-round selections include a fifth-year