John Clayton of ESPN.com reports that the New Orleans Saints have reached an agreement with receiver Robert Meachem of Tennessee, the 27th overall pick in the 2007 draft.
Per Clayton, Meachem gets $5.71 million in guaranteed money on a five-year deal. The total value of the contract could max out at $11.3 million.
Meachem is the fifth of 32 first-round picks to sign. Four of them are clustered near the bottom of the round (27, 28, 30, 31), and no one above No. 15 has signed. Unless deals start getting done soon, there could be plenty of holdouts.
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