Will Anderson‘s eye-popping three-year, $150MM extension turned heads around the NFL last month. The details of the contract have since come out (via OverTheCap) and, as usual, they puts the terms in a very different light.
Crucially, Anderson already had two years and $27MM remaining on his rookie deal, making his new contract a five-year deal worth around $177MM, or $35.4MM per year. That actually comes in below Micah Parsons‘ overall AAV on his contract with the Packers, just under $42MM, but still beats Aidan Hutchinson at $34.2MM. Parsons had substantially more leverage in Green Bay given their trade with the Cowboys, while Anderson and Hutchinson both signed with the teams that drafted them.
For Anderson, the benefit is clear. He will receive just over $55MM over the next two years, almost double what he would have earned on his rookie contract, per Sports Illustrated’s Albert Breer. He will then get paid $122MM from 2028 to 2030.
Another element is the guaranteed money, originally reported at $134MM. Anderson’s 2026 salary and 2027 fifth-year option were already guaranteed, so his extension actually includes $107MM in new guarantees. That is made up of a $32MM signing bonus and fully guaranteed salaries from 2026 to 2028, worth a total of $73MM that is guaranteed at signing. Another $34MM of his 2029 salary will become fully guaranteed if he is on the roster on the fifth day of the 2028 league year. The deal also includes $500k in per game roster bonuses in the last three years.
Interestingly, the Texans declined to use option bonuses or void years in Anderson’s deal. Both are widely used across the NFL to maintain financial flexibility by deferring cap hits into the future. Instead, after $13.2MM and $28.3MM cap hits in 2026 and 2027, Anderson’s cap charge jumps to $46.4MM in 2028 and 2029 and $48.4MM in 2030. Of course, Houston can restructure his deal, though adding void years often requires player consent, which could give Anderson leverage to negotiate another top-of-the-market extension.
Here are the details of some other deals that were signed this offseason:
- The Texans’ other recent extension was for linebacker Azeez Al-Shaair. His $38.75MM in at-signing guarantees is comprised of a $14MM signing bonus and $24.75MM in salary across the next three years, per OverTheCap. Another $7MM of his 2028 salary will become fully guaranteed on the fifth day of the 2028 league year. The deal also $500k in per game roster bonuses in 2026 and $750k in 2027, 2028, and 2029, according to KPRC2’s Aaron Wilson, as well as one void year.
- Jonathan Greenard‘s four-year, $100MM deal with the Eagles includes $50MM in fully guaranteed money, per Pro Football Talk’s Mike Florio. That is comprised of a $23.5MM signing bonus, a total of $2.56MM in salary in 2026 and 2027, and a $22.9MM option bonus in 2027. As with all of Philadelphia’s contracts, Greenard is set to receive option bonuses in each year of his deal, due at the beginning of the regular season, and he can earn an additional $1.5MM with first-team All-Pro selections in 2026, 2027, and 2028. Florio additionally notes that the deal is effectively a $12MM raise across the next two years over his previous deal with the Vikings, which seems like something Minnesota could have accommodated. Instead, they sent Greenard to Philly, where he gets his desired payday.
- The 49ers replaced Trent Williams‘ existing deal with a two-year, $50MM contract with four void years and $48.5MM in guaranteed money, of which $37MM is fully guaranteed at signing, per OverTheCap. He received a $22.2MM signing bonus and a total of $14.8MM in salary and bonuses in 2026 and 2027. After his cap figure rose by $7.5MM when the team declined his 2026 option bonus, Williams’ cap hit has dropped from $46.34MM to $20MM as a result of the new deal, per NBC Sports’ Matt Maiocco. The deal has some unique aspects, including a $11.5MM roster bonus due in 2028 that is fully guaranteed unless Williams holds out or otherwise misses time in the offseason. The 49ers can also convert the 2027 roster bonus into a prorated option bonus. The contract is designed to be terminated in 2028 – when Williams turns 40 –with a post-June 1 designation. If that is not done by the 10th day of the league year, he will be owed a guaranteed $50.175MM roster bonus in 2029. The expectation in San Francisco seems to be that the three-time All-Pro will retire after the 2027 season.
- Jayden Reed‘s new deal with the Packers includes $20MM in guaranteed money, comprised of a $16.5MM signing bonus and a $3.5MM roster bonus. That is a below-market figure, but in line with Green Bay’s contract precedent – the team rarely metes out guarantees beyond the first year of the deal. Reed will receive $1.3MM, $9.05MM, and $10.05MM in salary from 2027 to 2029, per ESPN’s Rob Demovsky, with $500k in workout bonuses in each year. He is also due roster bonuses worth $2MM in 2027 and $1MM in 2028. Of particular note is the inclusion of $5.85MM in per game roster bonuses from 2027 to 2029, the highest of any Packer, which mitigates some injury risk for the team.