Here’s a fun fact from Albert Breer of The MMQB (Twitter links): Of the 155 free-agent contracts that have been filed since March 9, only 23 have more than $3MM fully guaranteed in post-2017 money. In essence, that means 85.2% of the contracts done over the last ten days are one-year deals with team options.
Now for the latest contract details:
- Cornerback Brandon Carr‘s four-year, $23MM Ravens contract comes with $6MM in 2017 – most of which is by way of a $4MM signing bonus – and then the Ravens will have a 2018 team option, reports Breer (on Twitter).
- Falcons defensive tackle Dontari Poe‘s one-year, $8MM accord features a $500K signing bonus and incentives for playing time, sacks and a Pro Bowl appearance (Twitter link via Breer).
- Quarterback Nick Foles‘ previously reported two-year, $11MM deal with the Eagles is actually a five-year, $27.5MM pact, according to Ben Volin of the Boston Globe. However, the final three years of the contract will void if Foles is still on Philadelphia’s roster 23 days before the start of the 2019 league year. The arrangement comes with $5MM in incentives and an esclator for 2018 worth as much as $6MM (Twitter links).
- Panthers defensive tackle Kyle Love‘s two-year contract is worth $2.2MM and features a few bonuses – $200K for signing, $25K for workouts and $10K per game active – as well as $500K in annual incentives, tweets Wilson.
- Cowboys running back Darren McFadden‘s one-year contract is a minimum salary benefit deal worth $980K (a salary of $900K and an $80K signing bonus). Guard Jonathan Cooper‘s single-year accord is worth $2MM and has a $31,250 bonus per game active, $500K in incentives and a $100K workout base de-esclator (Twitter links via Wilson).
- Cardinals running back/wide receiver Andre Ellington will earn a $775K base salary on his one-year agreement, tweets Mike Jurecki of FOX Sports 910.
- Redskins defensive tackle Ziggy Hood’s two-year, $2.7MM deal includes a $300K signing bonus, per-game active bonuses of $15,625 each, $600K in incentives and a $600K escalator. Meanwhile, the Redskins gave linebacker Chris Carter a minimum salary benefit deal worth $855K, including $775K in salary and a signing bonus of $80K, relays Wilson (Twitter links).
- Saints running back Travaris Cadet also got a minimum salary benefit contract for 2017, says Wilson (Twitter link). It’s worth $855K ($775K in salary and an $80K signing bonus).
Zach Links contributed to this post.
What is the purpose of structuring a contract like the Foles deal?
That was going to be my question. What sense does it make to give him a 5 year contract, but make the final three years void if he hasn’t been cut yet? It must be a salary cap issue, otherwise it’s moronic. Probably to spread the guaranteed money over 5 years, thus lowering the cap hit for this year and next.
It actually makes a lot of sense because if a team wants to trade for him to be a starter in 2 years they can trade him and the team that acquires him will only be on the hook for 3 years 16 mil which translates to 5.33 mil a year for a potential starter or a very serviceable backup.