The offensive lineman is the first of San Francisco's eight draft picks to sign his contract. Rookies begin a three-day minicamp on Friday.
Banks appeared in 38 games with 31 starts in four years (2017- 20) at Notre Dame. As a senior in 2020, he started all 12 games, including an appearance in the CFP Semi-final. Banks was named First-Team AFCA All-America and Associated Press First-Team All-America as a senior.
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The offensive lineman started all 13 games as a junior in 2019 and helped the Irish rank 13th nationally in scoring offense. He played in all 13 games with six starts as a sophomore in 2018 but did not see game action as a freshman in 2017.
Thanks to the NFL Collective Bargaining Agreement (CBA), which runs through the 2030 season, all rookie contracts are for a length of four years.
The total value of Banks' four-year contract is believed to be $7,073,616, or very close to that amount, according to OverTheCap.com. That includes a signing bonus of $2,504,448 and a 2021 salary-cap figure of $1,286,112.
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