Le’Veon Bell received a four-year, $52.5MM contract from the Jets, thereby bringing an end to one of the most-discussed storylines in recent memory. And although that is a hefty sum for a running back, even one as explosive as Bell, New York appears to have managed the risk-reward aspect of the contract quite nicely. Here are some details:
- Manish Mehta of the New York Daily News provides a breakdown of Bell’s payouts (via Twitter). He notes that the total guarantee is $25MM, as opposed to the $35MM that was first reported, and he also points out that the Jets will pay out $26MM in cash through the first two years of the deal.
- Bell’s base salaries in 2019 and 2020 ($2.5MM and $6MM) are fully guaranteed, but after that, the guaranteed money is gone. That means that the Jets can cut bait after two seasons –having paid just $26MM — and would incur a fairly modest $4MM dead cap charge while saving $11.5MM against the cap.
- Mehta also tweeted Bell’s salary cap hits for each of the four contract years. He will count for just $8MM against the cap in 2019.
- As Tom Pelissero of the NFL Network tweets, the deal also includes $3MM training camp reporting bonuses in 2021 and 2022, which could disincentivize Bell from staging another holdout after his guarantees dry up.
All in all, then, the Jets appear to have secured a great player on a reasonable contract, and if things don’t work out as planned, the deal will not handicap them in the long-term.