So what exactly happens/ changes financially and contractually when you draft somebody, sign them to a contract, release them, then sign them to your practice squad? I can't imagine there's a big difference for a 7th round pick but I honestly have no idea.Well, they were both signed to the practice squad the next day. This shouldn't be terribly shocking to anyone. Getting relegated to a team's practice squad is probably the most likely outcome for a qb drafted in the 7th round.