The "Rookie Pool" is essentially a cap within the cap, where the NFL designates a club-specific value for each team, based on where the players are chosen. The rookie pool is a summation of each value for each selection that the team utilized during the two-day NFL draft. This allocation is determined by a veiled NFL formula, and all negotiated contracts must fall under this threshold.
Teams are immediately charged the Rookie Minimum Salary ($230,000) the day the players are drafted, and the rookies will stay at this amount until the player signs, the team?s rights are relinquished through waivers, or until the Tuesday following the tenth week of the regular season if the player remains unsigned.