Here’s how much NFL draft’s No. 1 pick Caleb Williams will earn

Former USC superstar Caleb Williams has been drafted by the Chicago Bears as the No. 1 overall pick in the 2024 NFL Draft.

The quarterback was the first to have his name mentioned in Detroit Thursday night; he had been tipped as a top pick following his announcement to go pro.

Though this status comes as no surprise, the development is an exciting period for the franchise, marking the beginning of a new era for the Bears, according to TMZ.

Williams showcased exceptional skill during his collegiate career, amassing impressive statistics including 93 touchdowns, 14 interceptions, and over 10,000 passing yards in three years.

His stellar performance earned him recognition as an All-American, the 2022 Pac-12 Offensive Player of the Year, and the prestigious Heisman Trophy in the same year.

The Bears have made a decisive move by trading promising quarterback Justin Fields to the Steelers and acquiring star receiver Keenan Allen to complement D.J. Moore.

With these strategic moves, Chicago is clearly banking on Williams to deliver.

If Williams fulfills even a fraction of the high expectations placed upon him, the Bears could be looking at a promising future ahead.

How much money will No.1 pick Williams earn on his contract?

Williams will sign a four-year deal that is worth around $38.5 million, according to contract monitoring Spotrac. His contract will also come with a signing bonus of around $24.8 million and it will have a fifth-year team option.

Williams’ contract will be the second-highest value for a No. 1 pick in U.S. sports. San Antonio Spurs’ Victor Wembanyama is still at the top as he signed a four-year, $55.17 million deal after he was selected No. 1 overall in the 2023 NBA draft.