IMO, all rookies should make the league minimum, no matter whether you went drafted or undrafted. Now, how do we reward those who were picked first over those not picked at all.....Signing Bonus. BTW, each player signs a 3 year contract and is due a 10% raise on their base salary after each season.
There are like 255 picks in the draft right? The Signing Bonuses are as follows:
First round starts at 500,000 and decreases by 1,000 for each pick until the end of the first round
Second round starts at 450,000 and decreases by 1,000 for each pick until the end of the second round
Third round starts at 400,000 and decreases by 1,000 for each pick until the end of the third round (includes Comp picks)
Fourth Round starts at 350,000
Fifth Round starts at 300,000
Sixth Round starts at 250,000
Seventh Round starts at 200,000
All UDFAs get the same signing bonus....let's say 5,000...but upgrades to 10,000 if they make the final roster or practice squad.