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Sep 11 2007 9:41AM EDT

Raiders Make Quarterback Russell Richest NFL Rookie

It pays to wait if you're the top pick in the National Football League draft.

The Oakland Raiders, desperate for a new face to put on their moribund franchise, finally reached a contract agreement in principle with quarterback JaMarcus Russell that will assure him at least $30 million in the richest contract ever for an NFL rookie.

blog-jamarcus-russell-large.jpg Photo of JaMarcus Russell by Bryan Smith/Icon Sports Media

The former LSU quarterback agreed in principle to a six-year deal with a base value of $61 million, including $29 million in guaranteed money and an additional $3 million in guarantees to be triggered with a minimum amount of playing time that would be paid out in 2010, the NFL Network reported.

Thus, the deal's value could be worth $68 million, with $32 million in guaranteed money, the richest contract an NFL rookie has ever signed.

The previous record deal for a rookie came when the Detroit Lions gave No. 2 pick Calvin Johnson $27.2 million in guarantees this year. Last year's top pick Mario Williams received a mere $26.5 million in guaranteed money from the Houston Texans.


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