On Monday, the Panthers locked up Christian McCaffrey for the long haul – and it did not come cheap. McCaffrey secured the bag and stole the highest-paid-running-back-in-NFL-history mantle from Cowboys star Ezekiel Elliott, who set the record less than a year ago.
[RELATED: Panthers Sign Christian McCaffrey To Record-Breaking Deal]
Details on the four-year, $64MM deal are starting to trickle out. Often times, the fine print of NFL contracts aren’t kind to players and agents, but that’s not the case here. Well over half of CMC’s deal is guaranteed, Albert Breer of The MMQB (on Twitter) hears, a sign that new head coach Matt Rhule is willing to reward talented players who fit his scheme.
The four years at $64MM represent the “new money” portion of the deal. All together, the deal will take McCaffrey through the 2025 season for roughly $75MM, as Jeremy Fowler of ESPN.com tweets. The deal, predictably, has made the soon-to-be 24-year-old very happy.
Mike Florio of Pro Football Talk passes along even more details on the contract, noting that just over $30MM of McCaffrey’s deal — his $21.5MM signing bonus, his $825K 2020 base salary, and $7.74MM of his $8.03MM 2021 base salary — is fully guaranteed at signing. Additionally, another $8.1MM becomes fully guaranteed next March, so unless something unthinkable happens, the practical guarantees exceed $38MM. Florio also passes along the salary figures for the entirety of the deal, and he notes that McCaffrey can earn $200K per year in workout bonuses from 2021-25.
“I’m so excited to continue my career in Carolina,” McCaffrey said in a statement (Twitter link via ESPN.com’s Adam Schefter) “I want to thank Mr. Tepper, Marty Hurney, and Coach Rhule for the opportunity to help lead this great franchise, and to all my teammates for their help along the way. And to Panthers fans, KEEP POUNDING!”
McCaffrey’s contract reflects his value as both an elite tailback and a high-end receiving weapon. That was part of the rationale used by the Jets to give Le’Veon Bell his ill-fated monster deal, but that comp would be unfair to McCaffrey. As a younger player with much better conditioning, McCaffrey has a better chance of living up to his deal than Bell ever had.
“To label him a running back, that’s not respectful to him,” Rhule said of CMC recently (via ESPN.com). “He’s a tailback/wideout. He can do it all. I’m anxious to get him out there and to continue to build this thing around him.”
Their best RB and WR tho right?
I never thought I’d see the day when a Big Mac cost $75MM.
Maybe the worst attempt at a dad joke I’ve ever seen.
Lol
What’s the over-under on Matt Rhule lasting 3 years? I’m a Baylor grad and loved having him as our coach. But he won so many close games last year, that our record was admittedly over-inflated. Crazy pumped he got the job. But he timed his leap (and big payday) perfectly. It’s one thing to barely beat Iowa State, and another thing to take on the best of the best. Maybe I’ll be happily proven wrong, but just don’t see him flourishing in the NFL.