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.

The Steelers have signed their 3rd round pick Dri Archer today, according to ESPN reporter Field Yates. The team has not made an official announcement yet.

https://twitter.com/FieldYates/status/477184715556806656

With the signing of the speedy running back, the team only has one draft pick who remains unsigned, and I imagine Stephon Tuitt will be doing so in the near future. Here is a look at the salary cap numbers I’ve projected for Archer.

[table]

Player, Total Value, Signing Bonus, 2014 Cap Hit

Dri Archer, “$2,906,784”, “$506,376”, “$546,594”

[/table]

As you can see, Archer’s 2014 salary cap impact is minimal. After displacement of the top 51, he should only move the 2014 Steelers salary cap needle by $51,594 (give or take) by my estimation. I’ll update when the specific numbers are available.