This Date In Transactions History: Matthew Stafford

Matthew Stafford is a rich, rich man. Five years ago today, the quarterback signed his second lucrative contract with the Lions. It was a three-year pact worth $53MM.

Nowadays, players look forward to these paydays, as the NFL’s rookie wage scale limits their earnings. However, back in 2013, Stafford was already playing on a lucrative contract with Detroit. After being selected as the first-overall pick in the 2009 draft, the Georgia product inked a record-breaking six-year deal worth $78MM ($41.7MM in guaranteed money). Stafford didn’t live up to his contract during first two seasons in the NFL. However, he had a breakout campaign in 2011, throwing for 5,038 passing yards and 41 touchdowns.

While he took a step back in 2012, the Lions still felt confident enough to sign Stafford to the three-year extension in 2013. At the time, the quarterback still had two seasons remaining on his contract, so the new deal effectively made it a five-year pact worth $76.5MM. The extension portion of the contract included $41.5MM in guaranteed money and a $27.5MM signing bonus. Signing Stafford early also allowed the Lions to reduce his impending $19.3MM cap hit.

I want to be about the team,” he said at the time (via ESPN.com). “I want to help the team out if I can in cap space, whatever it is. I want good players around me as a quarterback. It doesn’t hurt to have weapons and, you know, if I can help out anyway I can, I’m happy to do it.”

In the five years since signing his second extension, Stafford had shown a lot more consistency on the field. The 30-year-old hasn’t missed a game during that span, and he’s averaged around 4,388 yards, 27 touchdowns, and 13 interceptions per season. This improvement played a role in him earning his third contract from the Lions. Last offseason, the quarterback inked a five-year deal worth $135MM ($92MM guaranteed).

Assuming he doesn’t opt out following the 2020 season, there’s a good chance Stafford will continue being the Lions quarterback through the 2022 campaign. He could reach free agency when he’s 35-years-old, meaning Detroit might end up inking their franchise player to his fourth pricey contract.

Photo courtesy of USA Today Sports Images.

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6 comments on “This Date In Transactions History: Matthew Stafford

  1. sportsfan101

    As much as I love these posts, this has been by far the worst one. Why pay a player of his caliber who can’t win so much money? Dude will never stand a chance at a championship. Throwing roughly half the amount of your td passes as picks does not earn you over 100 mill, this is more a shot at Detroit for being so stupid then anything to do with Matt’s career

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    • Pawtucket

      Farve threw a lot of picks. He did alright.

      Who else you gonna get? Arizona’s backup from two seasons ago? It’s bad business to let a top 10 QB walk

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    • mattpatricia

      You may be the most uneducated person I’ve ever met when it comes to football. Congrats

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