Projected as a Day-2 pick as stated in the article.
"... wide receiver was actually projected to be a Day 2 pick, which means that most experts thought he would be taken in the second or third round. "
Browns did NOT use a 2nd or 3rd round pick.
Browns need WRs.
The guarantee for an UDFA is typically NOT a Day-2 talent by a team in need of talent at the position of the player.
Do you know who he's directly competing against?
Diontae Johnson's Browns' roster spot is far from secure following Isaiah Bond signing
... Johnson signed a one-year deal worth just $1.17 million - the veteran minimum. Even more jarring was that not a single cent of that contract was guaranteed.
... So far in the preseason, Johnson has been targeted five times but has just one reception for seven yards."
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Between the two the entire guaranteed money is on Bond's contract so... Not back breaking without a single draft pick spent.