The Jets gave their insurance plan his financial security.
First-round draft pick Olu Fashanu, who might not start as a rookie if all goes according to plan, signed his fully guaranteed four-year, $20.51 million contract Monday, The Post confirmed.
He is expected to count $3.27 million against the salary cap in 2024, per OverTheCap.com.
The Jets took offensive tackle Olu Fashanu in the first round of the 2024 NFL Draft. Bill Kostroun for the NY PostAs is the case with all NFL first-round picks, 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 Fashanu, 21, to be their left tackle of the future.
In the short term, however, the Penn State product will back up injury-prone former All-Pro Tyron Smith — who hasn’t played a full season since 2015 — and learn to play on the right side so that he also can fill in if needed for Morgan Moses as he returns from offseason shoulder surgery.
Olu Fashanu on the field as Jets rookie minicamp on May 4, 2024. Bill Kostroun for the NY Post
Head coach Robert Saleh does not ask much of his draft picks during rookie minicamp, but Fashanu was rehabbing a quad injury first suffered at the NFL combine on a side field with trainers when the Jets gathered on May 3-4.
Fashanu was just one of six draft picks to sign Monday with the Jets.
Running back Braelon Allen (fourth round), quarterback Jordan Travis (fifth), running back Isaiah Davis (fifth), cornerback Qwan’tez Stiggers (fifth) and safety Jalen Key (seventh) also inked their four-year rookie deals.
