Gilbert, the defensive tackle out of San Jose State, was the team's first pick and, thus, received the highest signing bonus of the group with $886,500 guaranteed. Iglesias, the receiver out of Oklahoma, received a signing bonus of $619,900.
Like their fellow rookies,Gilbert and Iglesias will have the following base salaries: $310,000 in 2009, $395,000 in 2010, $480,000 in 2011, and $565,000 in 2012 for a total base value of $1.75 million.
Including the guaranteed money, Gilbert's contract is worth $2,636,500 and Iglesias' deal is worth $2,369,000.
Considering the Bears didn't pick until the 3rd round of this year's draft, we aren't having to shell out a ton of money to our rookies. This will both help preserve cap space and provide a nice reserve for either trying to pick up a big name free agent WR, or it give us some wiiggle-room should we do any contract negotiations with some of our more expensive players.