For 2008 second-round picks, the player earned an average of $1,932,000 guaranteed.
(For an article on Yahoo! Sports on the topic of draft picks, see the Related Link.)
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As of 2008, the average salary of a third round NFL draft pick was $668,000 guaranteed. The NFL has a four-year deal and renewable upon mutual consent.
A 3rd round NFL draft pick will be guaranteed an average annual salary of $668,000. A second round draft pick may earn up to $1 million annually.