Broncos Sign 3rd Round Draft Pick Michael Ojemudia Posted by Jeremy Anderson Date: July 22, 2020 8 Views Photo Courtesy: Joseph Cress/Iowa City Press-Cit The Broncos have reached an agreement with rookie cornerback Michael Ojemudia on a four-year contract that will include a signing bonus of $1,015,560. Ojemudia was the first of three, third-round draft picks, No. 77 overall, selected by the Broncos in late-April. The overall value of Ojemudia’s contract is $4.31 million. He will get a cash payout of $1,625,560 this season in combined signing bonus and salary.