Eric Olsen signs four-year contract

Eric Olsen (Notre Dame) lines up against Nevada. (AP Photo/Michael Conroy)

It looks like rookie center Eric Olsen has signed his contract according to Rotoworld.com, Olsen will receive: $395,000 in 2010, $480,000 in 2011, and $565,000 in 2012. Though there is no official word from the Denver Broncos as of this moment.

Update: August 24th, 10:58 am. The Broncos have officially announced the signing.

The news of the signing came just a day after Mike Klis of the Denver Post reported both Eric Decker and Eric Olsen were close to agreeing to terms with the Broncos.

Olsen, the last of the late rounders to sign with the Broncos, was one of the top performers at the bench press, vertical jump and the 3-cone drills at the NFL combine in early April.

Twenty-two year old Olsen stands 6-4, and weighs in at 306 pounds. In 31 college starts Olsen allowed just four sacks, while anchoring the line that protected Jimmy Clausen (now of the Carolina Panthers). J.D. Walton (whom the Broncos drafted in the third round) will likely be competing directly with Olsen for the starting center job in training camp.

Eric Decker who was selected in the 3rd round, is expected to be the next to sign, as he was drafted the lowest of the Broncos remaining unsigned draft picks.

The Broncos can now focus on signing the high round draft picks, Thomas, Tebow, Beadles and Decker. Expect more signings to be announced in the very near future.