Fifth-year options for 2011 first-round picks likely won’t be exercised before May 3

The conclusion of the 2013 regular season introduced a new dynamic to the NFL.  For the first time, teams have to decide whether to exercise the fifth-year option for players drafted three years ago in round one. The rookie wage scale, adopted in 2011, requires all draft picks to sign four-year contracts.  For first-round picks,…