The San Francisco 49ers have signed third round pick Will Redmond to his rookie contract. The team announced the signing Thursday afternoon, with Redmond inking the required four-year contract. The team is going through the rookie orientation program this week, which explains why he is at the facility. The rookie orientation program used to be conducted in Ohio with all the rookies, but the program was changed to team-by-team.

The 49ers selected Redmond with the fifth pick of the third round. We don’t know the full details yet, but according to Over The Cap, his projected contract includes a signing bonus of $872,556, with a first year base salary of the $450,000 league minimum. The team does not hold an option, but Redmond can earn additional money through the proven performance escalator. The PPE impacts his fourth year salary, based on his snap count his first three seasons.

The team announced all but two of their draft pick signings last month. Redmond and Joshua Garnett had not signed at that point. Garnett still has not signed, and is likely figuring out offsets on his guaranteed salaries. Redmond had not signed because the third round is viewed as the one round where agents can try and squeeze out some bonus money. There is a rookie wage scale, but the third round offers a little bit of wiggle room. The top six picks of the third round had not signed as of recently, but Redmond is now off the board.

Here’s the press release the team issued with the news:

The San Francisco 49ers today announced they have signed CB Will Redmond to a four-year deal.

Redmond (6-0, 186) was selected by the 49ers in the third round (68th overall) of this year’s draft out of Mississippi State University. During his three-year career with the Bulldogs, he played in 27 games (seven starts) and registered 99 tackles, 5.5 tackles for loss, five interceptions and eight passes defensed. As a senior, started all seven games in which he appeared and notched 25 tackles, two interceptions and one pass defensed. In 2014, Redmond played in 12 games and led the Bulldogs with three interceptions while also tallying 51 tackles, 3.0 tackles for loss and five passes defensed. As a sophomore, he played in 8 games and registered 23 tackles, 2.5 tackles for loss and two passes defensed.

A 22-year old native of Memphis, TN, Redmond attended East High School in Memphis.