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Justin Jefferson has finally cashed in.
His new contract, which pays $35 million per year in new money, gets there without fluff or BS on the back end. It’s a solid deal, one that likely will be replaced after three or four years, if he keeps performing the way he has.
Here are the full details on the deal, per a source with knowledge of the contract.
1. Signing bonus: $36.938 million.
2. 2024 base salary: $1.125 million, fully guaranteed.
3. 2025 option bonus: $30 million, fully guaranteed.
4. 2025 base salary: $1.17 million, fully guaranteed.
5. 2025 per-game roster bonuses: $510,000, fully guaranteed (but must be earned).
6. 2025 workout bonus: $250,000, fully guaranteed (but must be earned).
7. 2026 base salary: $24.99 million, guaranteed for injury at signing. Of that amount, $17.99 million is fully guaranteed at signing. The other $7 million becomes fully guaranteed in March 2025.
8. 2026 per-game roster bonuses: $510,000, fully guaranteed (but must be earned).
9. 2026 workout bonus: $250,000, fully guaranteed (but must be earned).
10. 2027 base salary: $29.25 million. Of that amount, $14.257 million is guaranteed for injury at signing and becomes fully guaranteed in March 2026.
11. 2027 per-game roster bonuses: $510,000.
12. 2027 workout bonus: $250,000.
13. 2028 base salary: $33.24 million.
14. 2028 per-game roster bonuses: $510,000.
15. 2028 workout bonus: $250,000.
The deal pays $88.743 million fully guaranteed at signing. The practical guarantee is $95.743 million, since it can be avoided only if he’s cut after one year.
It’s far more likely he’ll definitely be paid $125.743 million over four years, since $14.257 million of his year-four pay becomes fully guaranteed after only two years. (In all, $110 million is guaranteed for injury at signing.)
It’s the biggest contract ever given to a non-quarterback, with no back-end fugazi numbers aimed at pumping up the new-money average.
Here’s the cash flow: $38.063 million in year one, $69.993 million through two years, $95.743…
Source link : https://sports.yahoo.com/inside-justin-jefferson-deal-154352973.html
Author : ProFootball Talk on NBC Sports
Publish date : 2024-06-03 15:43:52
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