The next notable date in the NFL offseason is May 1 the deadline for teams to exercise fifth-year contract options for the draft class of 2023.First-round draft picks sign four-year deals in the NFL, and teams have a fifth-year option on each for the 2027 season. These fifth-year options come with significant pay jumps designated by the collectively bargained rookie wage scale. The value of the options are based on a players position, performance and availability through the first three seasons of his contract. For example, quarterback Bryce Young, the No. 1 pick of the 2023 draft, signed a four-year rookie deal with the Carolina Panthers valued at $38 million. Per Spotrac, the projected fifth-year option on his deal is valued at $25.9 million, more than double that of his $12.1 million salary from Year 4 of his contract.Teams that exercise options maintain the ability to negotiate a long-term extension with players, and some already have. How teams handle the fifth-year option is generally a good indicator of a players success through his first three seasons. Heres how teams are handling fifth-year options for each of the 31 2023 first-round picks. There was no 32nd first-round pick in the 2023 draft. The Dolphins forfeited their pick due to tampering with Tom Brady and Sean Payton. Option projections courtesy of SpotracNo. 1: Bryce Young, QB, Carolina Panthers$25.9 million option expected to be exercised: General manager Dan Morgan said in January and again before the draft last week that the Panthers will pick up Youngs option before Fridays deadline.No. 2: C.J. Stroud, QB, Houston Texans$25.9 million optionreportedly exercisedNo. 3: Will Anderson, EDGE, Houston Texas$21.5 million option exercised: The Texans also signed Will Anderson to a three-year, $150 million extension through the 2030 season that makes him the highest-paid non-quarterback in the NFL based on annual salary.No. 4: Anthony Richardson, QB, Indianapolis Colts$22.5 million option not exercised. The Colts are all-in on Daniel Jones, and Richardson is on the trade block.No. 5: Devon Witherspoon, CB, Seattle Seahawks$21.2 million optionexercisedNo. 6: Paris Johnson, OT, Arizona Cardinals$19.7 million option exercisedNo. 7: Tyree Wilson, EDGE, New Orleans Saints (drafted by Raiders)$14.5 million option reportedly declined by Saints after tradeNo. 8: Bijan Robinson, RB, Atlanta Falcons$11.3 million option exercisedNo. 9: Jalen Carter, DT, Philadelphia Eagles$27.1 million option exercisedNo. 10: Darnell Wright, OT, Chicago Bears$19.1 million option exercisedNo. 11: Peter Skoronski, G, Tennessee Titans$19.1 million option reportedly exercisedNo. 12: Jamhyr Gibbs, RB, Detroit Lions$14.3 million option reportedly exercisedNo. 13: Lukas Van Ness, EDGE, Green Bay Packers $14.5 million option not exercised/TBDNo. 14: Broderick Jones, OT, Pittsburgh Steelers$19.1 million option expected to be declined: Jones underwent spinal fusion surgery in December, and his long-term prognosis is unclear. The Steelers, meanwhile, spent first- and third-round picks in last weeks draft on offensive tackle Max Iheanachor and guard Gennings Dunker.No. 15: Will McDonald, DE, New York Jets$14.5 million option expected to be exercised, per GM Darren MougeyNo. 16: Emmanuel Forbes Jr., CB, Los Angeles Rams (drafted by Commanders)$12.6 million option not exercised/TBDNo. 17: Christian Gonzalez, CB, New England Patriots$18.1 million option reportedly exercisedNo. 18: Jack Campbell, LB, Detroit Lions$21.3 milllion option reportedly declined: Per reports, the price tag was considered too high by the Lions to exercise the option for an off-ball linebacker despite Campbells selection as an All-Pro last season.No. 19: Calijah Kancey, DT, Tampa Bay Buccaneers$14.5 million option reportedly exercisedNo. 20: Jaxon Smith-Njigba, WR, Seattle Seahawks$23.8 million option exercised: Smith-Njigba also signed a four-year, $168.6 million extension through the 2031 season, making him the highest-paid wide receiver in the NFL based on annual salary. No. 21: Quentin Johnston, WR, Los Angeles Chargers$16.5 million option exercisedNo. 22: Zay Flowers, WR, Baltimore Ravens$27.3 million option exercisedNo. 23: Jordan Addison, WR, Minnesota Vikings$18 million option exercisedNo. 24: Deonte Banks, CB, New York Giants$12.6 million option not exercised/TBDNo. 25: Dalton Kincaid, TE, Buffalo Bills$8.1 million option exercisedNo. 26: Mazi Smith, DT, New York Jets (drafted by Cowboys)$13.9 million option not exercised/TBDNo. 27: Anton Harrison, OT, Jacksonville Jaguars$19.1 million option exercisedNo. 28: Myles Murphy, EDGE, Cincinnati Bengals$14.5 million option not exercised/TBDNo. 29: Bryan Bresee, DT, New Orleans Saints$13.9 million option reportedly exercisedNo. 30: Nolan Smith, EDGE, Philadelphia Eagles$13.8 million option exercisedNo. 31: Felix Anudike-Uzomah, EDGE, Kansas City Chiefs$14.5 million option not exercised/TBD