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 long-term solution at quarterback.

McCoy signed the deal Friday, the team announced, and reported with the team's other signed first-year players. The Browns' veterans are not required to arrive until next week. Cleveland opens training camp July 31.

The Browns also signed offensive lineman Shawn Lauvao, who was taken No. 92 overall.

McCoy, 23, was a four-year starter at the University of Texas. Last season he threw for 3,521 yards and 27 touchdowns and completed 70.6 percent of his passes. McCoy is expected to begin training camp as the third quarterback behind Browns starter Jake Delhomme and veteran backup Seneca Wallace.

McCoy will move to Cleveland following his honeymoon in the Bahamas. McCoy married Rachel Glandorf in Austin on Saturday in a ceremony attended by 550 guests, including many former Longhorns coaches and teammates, as well as former Dallas Cowboys quarterback Roger Staubach, the Austin American-Statesman reported Tuesday.

James Walker covers the AFC North for ESPN.com. Information from The Associated Press was used in this report.

James Walker | email

ESPN Miami Dolphins reporter