From the Wash. Post:
Colt Brennan, a record-setting quarterback drafted out of Hawaii, agreed to contract terms with the Washington Redskins, the team announced yesterday.
Brennan will receive a signing bonus of less than $100,000 as part of a standard four-year contract for rookies, said a source familiar with the negotiations who requested anonymity because the contract had not been signed. Brennan will earn $295,000 this season, $385,000 the second season, $470,000 the third and $555,000 the fourth.
Colt Brennan Blog 