This time of year is generally fairly quiet when it comes to NFL stories, but July 15 is a notable exception, as the deadline arrives for players on the franchise tag to sign multiyear contracts. If those players don’t sign multiyear deals today, they have to play the 2015 season on a one-year pact, assuming they play at all.
While reports earlier this week expressed pessimism about the number of deals that would come together today, four of 2015’s five franchised players ended up signing extensions, with two of them getting finalized in the hour before the 3:00pm CT deadline.
Here’s a recap of today’s action, along with the contract details we know so far:
Dez Bryant, WR (Cowboys)
Franchise tender: $12.823MM
New contract (full story): Five years, $70MM. $14MM per year.
Details: $32MM fully guaranteed at signing ($20MM signing bonus). $45MM guaranteed by March 2016.
Justin Houston, OLB (Chiefs)
Franchise tender: $13.195MM
New contract (full story): Six years, $101MM. $16.833MM per year.
Details: $32.5MM fully guaranteed at signing ($20.5MM signing bonus). $43MM guaranteed by March 2016. $52.5MM overall guarantee.
Jason Pierre-Paul, DE (Giants)
Franchise tender: $14.813MM
Tender remains unsigned — terms of the one-year agreement can be altered if both sides agree.