Carson Wentz has signed his rookie scale contract with the Eagles, the team announced on Thursday.
The contract is fully guaranteed for four years and $26.7 million, and includes a $17.6 million signing bonus.
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Wentz was selected with the No. 2 pick in the NFL Draft, after the Eagles completed a trade with the Cleveland Browns to move into that spot.
Philadelphia is well-stocked at the quarterback position, and the team has made it clear that Sam Bradford, who was re-signed to a two-year deal worth $36 million in March, will open the season as the starter.