McCoy has a four-year deal in place for nearly $5 million, about 50 percent more than the average contract for when he was drafted.
Colt McCoy at the Browns' rookie minicamp in early May.(Updated at 6:06 p.m.)
CLEVELAND -- The Browns agreed to terms today on four-year deals for two third-round draft picks, quarterback Colt McCoy and guard Shawn Lauvao, a league source told the Plain Dealer.
McCoy, who like Lauvao is represented by Athletes First, has a deal in place believed to be around $4.96 million, about 50 percent higher than the normal slot for when he was drafted.
McCoy, the 85th overall pick out of Texas, worked as the third- or fourth-team quarterback in organized team activites and minicamp. The pick used to select him was acquired from Oakland for linebacker Kamerion Wimbley.
Lauvao, who will compete for a starting guard job, can make up to $3.22 million and will receive a $697,000 signing bonus. He was drafted out of Arizona State with the 92nd overall pick, acquired through the Jets as part of the Braylon Edwards trade.
Lauvao appeared in 42 games at Arizona State, finishing his career with 33 consecutive starts. He saw action at both guard and tackle, with 17 starts at left guard, 12 at left tackle and four at right tackle.