fOn Wednesday morning, Devonta Freeman finally signed a long-term extension with the Falcons. The new deal means that the Falcons can keep their star running back through the 2022 season and is reportedly worth $41.25MM. Was it worth it for Freeman to give up next year’s franchise tag or a shot at the open market? Reasonable minds can differ on that, Mike Florio of PFT writes.
Freeman gets $22MM in guarantees (including a $15MM signing bonus) and that’s significant for a player who has yet to have his big payday in the NFL. On the other hand, the five-year extension hardly guarantees Freeman’s place in Atlanta for the full term. In essence, the Falcons are really only tied to Freeman for three years. After that, it’s fairly easy to hit the eject button.
Still, Freeman is not in the same position as a high-end quarterback. The risk of injury for running backs is far greater and there is greater incentive for them to grab the guaranteed dollars when they can.
Here are some other takes on Freeman’s new contract:
- Dan Graziano of ESPN.com (Twitter link) has a more complete breakdown of Freeman’s finances. Of note: Freeman’s $3.75MM salary for 2019 is guaranteed for injury only at time of signing but converts to a full guarantee in March of 2019. That means that if Freeman’s performance declines, the Falcons can cut ties with him just two years from now. After that, his 2020-22 salaries are not guaranteed.
- Former agent Joel Corry (on Twitter) doesn’t believe that Steelers star Le’Veon Bell will match Devonta Freeman’s $22MM of guarantees if/when he signs his long term deal with Pittsburgh. For comparison, fellow Steelers standout Antonio Brown has $19MM of guarantees on his $17MM per year deal.
- In addition to Freeman’s deal, Cardinals back David Johnson should consider the deal Bell rejected as a part of the running back marketplace if Bell remains unsigned in 2018, Corry tweets. Prior to this year’s franchise player extension deadline, Bell said no to a five-year deal worth roughly $60MM. The proposal included $30MM across the first two years of the contract and $42MM over the first three seasons. Bell reportedly turned the deal down in part because he wanted a deal that reflected his status as an elite running back but also as a top receiving option.