Jets sign first-round pick Olu Fashanu to $20.5 million contract

The Jets gave him financial security in an insurance plan.

Olu Fashanu, a first-round draft pick who may not start as a rookie if all goes to plan, signed a fully guaranteed four-year, $20.51 million contract on Monday, the Post confirmed.

He is expected to count $3.27 million against the salary cap in 2024, according to

The Jets selected offensive tackle Olu Fashanu in the first round of the 2024 NFL Draft. Bill Kothrone of the New York Post

As is the case with all first-round picks in the NFL, Fashanu’s contract includes an additional fifth-year team option that must be exercised or declined after his first three seasons.

The Jets traded down from No. 10 to No. 11 and drafted 21-year-old Fashanu as their future left tackle.

But in the short term, the Penn State product will be able to back up injury-prone All-Pro Tyron Smith (who hasn’t played a full season since 2015), learn to play on the right side, and be in a situation where He may be able to serve as a substitute depending on the situation. Morgan Moses is needed as he returns from offseason shoulder surgery.

Olu Fashanu takes the field as part of the Jets' rookie minicamp on May 4, 2024.
Olu Fashanu takes the field as part of the Jets’ rookie minicamp on May 4, 2024. Bill Kothrone of the New York Post

Head coach Robert Saleh doesn’t ask many questions about draft picks during rookie minicamp, but Fashanu suffered his first quad injury at the NFL Combine when the Jets met on May 3-4. He was rehabbing on a side field with his trainers.