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Now that the 2023 NFL draft is over, the deadline for NFL teams to pick up fifth-year options on rookie contracts for 2020 first-round draft picks is here.
Jeff Okudah, the No. 3 overall pick in 2020, is not eligible for a fifth-year option after being traded to the Atlanta Falcons from the Detroit Lions last month and having his contract restructured, according to ESPN’s Michael Rothstein.
In addition, three 2020 first-round draft picks are no longer in the NFL and are not eligible: No. 12 Henry Ruggs III, No. 19 Damon Arnette and No. 29 Isaiah Wilson. The No. 31 overall pick, Jeff Gladney, died in a car accident last May.
Below, we are tracking all of the picked up and declined options for the 2020 class.
Picked up | Declined
What is a fifth-year option?
According to OverTheCap.com, the 2020 Collective Bargaining Agreement allows for teams to exercise a fifth-year option for players drafted in the first round as an addition to the standard four-year rookie contract. Upon being exercised, the fifth-year option is fully guaranteed, and any base salary in the player’s fourth year that was not fully guaranteed will become so. The fifth-year salary is calculated based on four tiers: Basic, playtime, one Pro Bowl, multiple Pro Bowls.
Picked up fifth-year options
No. 1 overall pick: Joe Burrow, QB, Cincinnati Bengals
The Bengals picked up the option for 2020’s No. 1 overall pick — no surprise there as he has led the team to Super Bowl LVI and the AFC Championship Game in back-to-back seasons.
No. 5: Tua Tagovailoa, QB, Miami Dolphins
The Dolphins announced in March that they would pick up Tagovailoa’s option after the QB suffered multiple concussions in 2022. The No. 5 pick in 2020 enters the fourth year of his rookie contract in 2023 and stands to make a fully guaranteed $23.4 million in 2024.
No. 6: Justin Herbert, QB, Los Angeles Chargers
The Chargers have exercised the fifth-year option on Herbert’s contract. The sixth-overall pick in 2020, Herbert is…
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