Big Poppa Puck
HF's Villain
Similar to Love and AR. If you have AR for 2-3 more years, then you think let's get someone who can contribute on the field during those 2-3 years and deal with the QB later. See how it turns out.
For Penix, this likely means he's playing year 3 and 4 of his rookie deal and on the 5th year option. Still gives him 3 years to perform well enough to earn a 2nd contract. Whether you played 60 starts like Carr or 7 like Jimmy G, they both ended up with the almost the same contract after their rookie deal.
Take the time to learn the offense and be ready to hit the ground running when your time is called.
Love was picked at the end of the 1st round though, not #8.