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Browns sign third-round QB McCoy

Updated: July 23, 2010, 1:17 PM ET
By James Walker | ESPN.com

Just one day before rookies are due to report for training camp, the Cleveland Browns secured their potential quarterback of the future.

Third-round pick Colt McCoy agreed to a four-year deal Thursday worth up to $5 million, according to a league source; $1.07 million is guaranteed, a source told ESPN NFL Insider Adam Schefter.

The normal slot is approximately $3.275 million. But McCoy got the "quarterback premium," which shows the faith Cleveland has in McCoy as its ...

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