While Julius Peppers‘ three-year deal with the Packers was reported as being worth $30MM over three years, the base value is actually just $26MM, though that could increase if the veteran hits certain escalators, says Tom Pelissero of USA Today (Twitter links). With a $7.5MM signing bonus and a $1MM base salary in 2014, the cap hit in the first year will be just $3.5MM. The deal also includes base salaries of $8.5MM in 2015 and $7MM in 2016, with $1MM in workout and roster bonuses in each of those seasons.
Let’s round up a few more contract details from around the league….
- Matt Maiocco of CSNBayArea.com provides the financial details on the contracts signed by cornerback Chris Cook and kicker Phil Dawson with the 49ers. Cook’s pact is a minimum salary benefit deal with no guaranteed money, according to Maiocco.
- Jameel McClain‘s two-year deal with the Giants has a base value of $4.5M, with escalators that can push up to $6M, according to Aaron Wilson of the Baltimore Sun (via Twitter). Wilson says the contract includes a $600K signing bonus, base salaries of $1.375M (2014) and $1.75M (2015), and a $400K roster bonus in ’15.
- The Rams‘ new deal with Jo-Lonn Dunbar is a two-year, $2.05MM contract, but could be voided after year one in certain scenarios, as Wilson explains in a pair of tweets.
- The new five-year contract Zach Strief and the Saints agreed to today includes a first-year base salary of just $900K, meaning Strief’s 2014 cap hit is $2MM, tweets Mike Triplett of ESPN.com.
- Frank Zombo‘s new contract with the Chiefs is a two-year deal, reports Terez A. Paylor of the Kansas City Star (via Twitter).
- The three-year deal between the Giants and Jon Beason has a base value of $16.8MM, with a $4.4MM signing bonus and $6MM in overall guaranteed money, tweets Ralph Vacchiano of the New York Daily News.