The $71,000 if guaranteed but...
Now, instead of each team having an allotment, each pick has a predetermined amount. In other words, a player and his agent know the exact dollar figures the moment he is drafted. They also know the length; every contract is for four years, with first-round picks subject to a team option for a fifth year, also at predetermined rates. As for salaries, the vast majority of drafted players have four years of non-guaranteed minimum salaries, accompanied by a signing bonus that’s not negotiated by the agent, but predetermined by the CBA (collective bargaining agreement).