National Football League teams will have $76,585 in signing bonus money to spend on undrafted free agents this weekend, Eric Edholm of Pro Football Weekly reports.
Under the new collective bargaining agreement, teams were allotted a maximum of $75,000 per club to spend on signing bonuses, or amounts treated as signing bonuses, for undrafted rookies. That amount is scheduled to increase by the percentage increase of the Total Rookie Compensation Pool.
The amount reported by Edholm shows a 2.1 percent increase in the rookie pool for 2012.
Prior to that limitation, signing bonuses for undrafted rookies often exceeded $20,000. Last summer, the largest signing bonus last season given went to Idaho linebacker Aaron Lavarias, who received $18,000 from the New England Patriots.
Other notable signing bonuses last year were Stanford wide receiver Doug Baldwin, who received $17,500 from the Seattle Seahawks before leading the team in receptions, receiving yards and receiving touchdowns. Philadelphia Eagles punter Chas Henry received $17,5000, New York Giants linebacker Mark Herzlich and fullback Henry Hynoski each received $15,000.