The Cowboys and wide receiver Cole Beasley have agreed to terms on a multiyear extension that will keep Beasley under contract through the 2018 season, reports Rand Getlin of Yahoo! Sports (Twitter links). The four-year contract is worth $13.6MM, with $7MM in guarantees, including a $4MM signing bonus. Beasley can also increase the value of the deal to $15.1MM if he reaches certain escalators.
Getlin initially reported last week that the Cowboys and Beasley were discussing a new contract, and I suggested at the time that I didn’t think Dallas would go much higher than about $2MM per season. However, it looks like I undershot the wideout’s new salary, since the extension will pay him $3.4MM per year. Of course, as is the case with most NFL contracts, if the deal goes south, the team will have the opportunity to get out of it in the last year or two without paying the full amount.
Beasley, who turns 26 in April, was hardly the Cowboys’ most notable extension candidate at the wide receiver position — that honor belongs to Dez Bryant, who received the franchise tag from the team yesterday. Still, Beasley has developed into one of Tony Romo‘s more reliable targets over the last couple seasons. In 2014, the SMU product set career highs with 420 receiving yards and four touchdowns, while totaling 37 receptions.
Having take care of Beasley, who had been eligible for restricted free agency, the Cowboys will shift their focus to a handful of other pending free agents. Bryant’s situation doesn’t need to be addressed immediately now that he’s been franchised, but a number of other notable players, including DeMarco Murray, Doug Free, Justin Durant, and Rolando McClain are scheduled to reach the open market next Tuesday.