Per the Chicago Bears:
LAKE FOREST, IL — The Chicago Bears signed tight end Greg Olsen to a five-year contract today. Olsen was selected by the Bears in the first round (31st overall) out of Miami (FL). He is the first of the 64 first- or second-round selections in the 2007 NFL Draft to sign with his respective team. The Wayne, NJ native is the eighth of nine players chosen by Chicago in this year’s draft to sign with the team. Terms of the deal were not disclosed.
Olsen started 26 of 33 games played with the Hurricanes, totaling 87 receptions for 1,215 yards (14.0 ypc) with six touchdowns. He started 12 games in each of his final two seasons at Miami earning first-team and honorable mention All-ACC honors as a junior and sophomore respectively.
Olsen joins third-round picks Garrett Wolfe (93rd overall) and Michael Okwo (94th overall), fourth-round selection Josh Beekman (130th overall), fifth-round draftees Kevin Payne (167th overall) and Corey Graham (168th overall) and seventh-round picks Trumaine McBride (221st overall) and Aaron Brant (241st overall) as Chicago’s signed draft picks. The lone Bears draft pick yet to sign is second-round selection Dan Bazuin (62nd overall).