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Oakland Raiders have signed running back Darren McFadden, their top pick in this year's draft.

Terms of the contract were not disclosed, but SI.com reported that the deal was for six years and $60million, including $26 million in guaranteed money.

The Raiders will hold a press conference at 2pm EDT on Friday to officially announce the signing.

McFadden, the number four overall selection and a two-time Heisman Trophy runner-up at Arkansas, is the third first-round pick to sign this year, joining overall number one Jake Long of the Miami Dolphins and third pick Matt Ryan of the Atlanta Falcons.

Long, an offensive tackle, signed a five-year, $57.5 million deal prior to the draft, while quarterback Ryan inked a six-year pact for $72 million.

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