Michael Penix Jr.

The Falcons and Michael Penix Jr. have agreed to terms on his rookie contract.

Fantasy Impact

Penix gets a four-year deal worth $22.88M. His signing bonus is $13.46M. He'll open the season backing up Kirk Cousins, assuming the veteran is healthy as he comes off a torn Achilles.

The Atlanta Falcons have selected Michael Penix Jr. with the No. 8 overall pick in the 2024 NFL Draft.

Fantasy Impact

Penix figures to be a backup option to Kirk Cousins for the first couple years of his career. This will be a great opportunity for the young QB to learn behind the established veteran. From a fantasy perspective, it will be years before Penix makes an impact.

Michael Penix Jr., a former Washington QB and a 2024 NFL Draft prospect, reportedly had "clean medicals" from multiple teams, likely meaning his MRIs checked out.

Fantasy Impact

Penix is an older prospect mostly because of his medical history, sustaining multiple season-ending injuries to the knee and shoulder. However, a clean bill of health is all Penix needed to lock up his place as a Round 1-2 prospect in this year's draft. The former Huskie and Hoosier is considered among the top six QBs in a strong class.

Michael Penix Jr. reportedly plans to throw for scouts at the NFL Combine.

Fantasy Impact

Penix is coming off leading Washington to one of the most explosive offenses in the country and a trip to the National Championship. He saw his draft stock rise significantly this past college football season, and he'll look to carry that momentum into the next couple of months leading into the NFL Draft.