Vaughn McClure has provided us with a look at the contract details for 3rd round picks Jarron Gilbert and Juaquin Iglesias.
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.