Looks like 1st round rookies will get 4 year deals with an option year in year 5 that will pay them in the top 10 for their position.
"Details for the scale are uncertain but multiple sources told ESPN.com senior NFL writer John Clayton earlier Wednesday that owners were willing to move toward the players' position regarding the fifth-year option in contracts of players selected top 10 overall, the sources said. The owners, sources said, offered to pay those players the top 10 salaries at their positions in their fifth year."
NFL lockout -- Owners, players agree to rookie wage scale, sources say - ESPN
So if a player still on their rookie contract turns out to be a success story, then teams will have the OPTION of paying them top 10 salary for a 5th year of service or else let them enter into free agency and just wait for the comp picks.
Can't wait for this CBA thing to finally get wrapped up. Starving for real football news. On the bright side, if things get done in time, there will be a flood of free agents to look forward to.