Herbert signed his rookie contract with the Chargers on Saturday, Ian Rapoport of NFL Network reports.
The No. 6 overall pick of the 2020 NFL Draft will receive $26.6 million fully guaranteed over four seasons, plus a fifth-year option. Tyrod Taylor is expected to start with the departure of longtime-Charger Philip Rivers, especially since the COVID-19 pandemic has resulted in an offseason of minimal team activities that will make it more difficult for rookies to acclimate. Still, Herbert could take the reins at some point in 2020 if Taylor struggles or gets injured.
The Chargers selected Herbert in the first round of the 2020 NFL Draft, sixth overall.
Herbert (6-foot-6, 236) is the third quarterback off the board following Joe Burrow (Cincinnati, first overall) and Tua Tagovailoa (Miami, fifth overall), but he offers similar fantasy intrigue as the first two. That's largely because Herbert brings plus athleticism with his big frame, logging a 4.68-second 40-yard dash and demonstrating intriguing rushing upside in the process. Herbert likely doesn't have as much natural passing talent as Tagovailoa or Burrow, but he is no slouch himself in that regard, throwing for 95 touchdowns versus 23 interceptions in his Oregon career.