Contract Details: Allen, Alexander, McCoy, Barkley

Let’s catch up on the details of some of the high-profile contracts given out recently:

• Josh Allen grabbed all the headlines by inking his mega-extension with the Bills. In an interesting piece, Mike Florio of ProFootballTalk.com breaks down how it compares to the huge deal Patrick Mahomes recently signed with the Chiefs. For starters, Allen got a $16.5MM signing bonus, while Mahomes only got $10MM. Further, “the early cash flow for Allen is vastly superior to the Mahomes contract,” Florio writes. That’s because Mahomes’ deal is more back-loaded, while Allen is for example due $47MM in the second year of the pact. Mahomes’ contract is still worth more annually, but only because of the extra years at the end that his has. Through the first eight seasons of their respective deals, the compensation is nearly identical. Allen will clear $284.55MM through eight years, while Mahomes will get $285.33MM through the first eight years of his.
• Last week the Saints agreed to terms on a one-year deal with linebacker Kwon Alexander, and now we have all the financials. We heard at the time it was worth “up to” $3MM. It turns out to have a base value of only $1.127MM, not too much above the minimum for a player with his service time, Nick Underhill of NewOrleans.Football tweets. He got $387.5K in guaranteed money. Alexander will get another $200K if he plays 50% of the snaps in 13 games, another $300K for 15 games, and another $400K for 17 games. He also has another $972K in other unspecified playing time incentives. New Orleans cut him back in March to save $13MM in cap space, so even if Alexander hits all his incentives he’ll have taken a fairly hefty pay-cut. That’s unfortunately what happens when you’re coming off an Achilles tear like Alexander is. He started all seven games that he played for the Saints last year before going down.
• Alexander wasn’t the only big name defensive player to sign last week, as defensive tackle Gerald McCoy also latched on with the Raiders. His one-year deal with Las Vegas is worth up to $2MM, Ian Rapoport of NFL Network tweets. He got a signing bonus of $150K and also has incentives worth $750K. The six-time Pro Bowler missed all of 2020 with a torn quad. Once one of the best interior linemen in the league, he turned 33 back in February.
• Matt Barkley resurfaced with the Titans to give them some insurance behind Ryan Tannehill, and he got $1.1MM on a one-year deal, Rapoport notes in the same tweet. Rapsheet didn’t specify, but it seems unlikely that much if any of it was guaranteed. Tennessee apparently wasn’t happy with only having Logan Woodside behind Tannehill. Shortly after signing Barkley, they released Deshone Kizer. Woodside and Barkley will now battle it out for clipboard-holding duties.