The Steelers officially announce what I reported yesterday– 3rd round pick Dri Archer has been signed.
https://twitter.com/steelers/status/477461988801409025

With Archer now under contract, Stephon Tuitt is the only remaining unsigned draft pick. While the CBA makes rookie signings much easier than they used to be, there is some wiggle room in his contract, which is what is likely causing the delay in his signing.

According to the National Football Post, the total value of Archer’s four year deal is $2,748,000, with a signing bonus of $506,016. My estimates from last month were a little off. The signing bonus money was a couple hundred dollars off, and the total value was less. Here is how Archer’s contract effects 2014.

[table]

Base Salary, Prorated Bonus, 2014 Cap Hit

“$420,000”, “$126,504”, “$546,504”

[/table]

After displacement, his signing should only move the 2014 salary cap needle by $51,504.