Here are some details on contracts signed since the start of free agency:
- Laremy Tunsil, T (Texans): Three years, $75MM. The extension, according to Mike Florio of NBC Sports, includes a guaranteed amount of $60MM, $50MM of which is guaranteed at signing. The $50MM amount in composed of a $30MM signing bonus, Tunsil’s 2023 base salary of $2MM, and his 2024 base salary of $18MM. The remaining $10MM, which comes out of his 2025 base salary (worth a total of $20.95MM), is guaranteed for injury at signing and becomes fully guaranteed on the fifth day of the 2024 league year. His 2026 base salary is worth $20.95MM. The contract also includes annual workout bonuses of $150,000 and annual per game active roster bonuses that can potentially total $250,000 each season.
- Dalvin Tomlinson, DT (Browns): Four years, $57MM. The contract, according to Florio, includes a guaranteed amount of $26.29MM consisting of a $15.09MM signing bonus, Tomlinson’s first year base salary of $1.08MM, and his 2024 option bonus of $10.13MM. Of the 2024 option bonus, $8.84MM is guaranteed at signing with the rest fully guaranteeing on the third day of the 2024 league year. His 2024 base salary of $1.21MM is guaranteed for injury at signing and will fully guarantee along with the second part of the 2024 option bonus. His 2025 and 2026 base salaries are both worth $13MM, and both have roster bonuses of $750,000 due on the third day of their respective league years. In the first two years of the contract, Tomlinson will receive a per game active roster of bonus of $14,705 worth a potential season total of $250,000. The following two years see the per game active roster bonus rise to $44,117 for a potential season total of $750,000. The deal includes a potential out, allowing the Browns to cut Tomlinson after 2025 with $12.11MM in dead money but $14.5MM of cap savings over the next three years, including two voidable years.
- Larry Ogunjobi, DT (Steelers): Three years, $28.75MM. The new deal, according to Aaron Wilson of KPRC 2, includes a guaranteed amount of $12MM at signing consisting of a $10.6MM signing bonus and Ogunjobi’s first year base salary of $1.4MM. His second year base salary of $5MM is guaranteed for injury and his 2025 base salary is worth $4MM. The contract includes roster bonuses of $4.75MM (guaranteed on the third league day of 2024) and $3MM (guaranteed on the third league day of 2025). Pittsburgh also put a potential out in the contract that would allow them to cut Ogunjobi after 2023 with $7.07MM of dead money but with $16.75MM in cap savings over the next two years.
- Garrett Bradbury, C (Vikings): Three years, $15.75MM. The new contract, according to Wilson, includes a guaranteed amount of $9.8MM, $4.9MM of which is guaranteed at signing. The initial $4.9MM is composed of a $3.82MM signing bonus and Bradbury’s first year base salary of $1.08MM. The remaining $4.9MM consists of his second year base salary which fully guarantees on the third day of the 2024 league year. The deal includes an annual workout bonus of $100,000 and a per game active roster bonus of $14,705 for a potential season total of $250,000. The deal also includes a potential out that allows the Vikings to release Bradbury after 2023 with zero dead cap, resulting in $13.05MM in cap savings over the next two years.
- Shaq Thompson, LB (Panthers): Two years, $12.6MM. The reworked deal, according to Joe Person of The Athletic, includes a guaranteed amount of $8.5MM consisting of a $5.3MM signing bonus, Thompson’s first year base salary of $1.2MM, and $2MM of his 2024 base salary (worth a total of $3.8MM). He’ll receive a $1MM roster bonus guaranteed in March of 2024 and a per game active roster bonus of $29,411 for a potential season total of $500,000. There are also possible incentives concerning a Pro Bowl selection and playoff wins. The deal includes three void years to reduce his current cap hit. His cap number in 2023 was reduced from $24.5MM to $14.06MM.
Ogunjobi is 3-yr $28.75mil, If the Steelers gave him 3/75 I’d disown them! 😉
LOL! Probably was a typo where they repeated Tunsil’s figures. I saw that 3/$75M and knew why the Jets didn’t try to sign him. 😀
The Tunsil contract is awful. Top dollar, everything guaranteed, regardless of whether Tunsil plays well or even plays at all. The Texans have just made the whole league’s situation worse when negotiating contracts.
Every player guaranteed all the time will end very badly, with most of the cap space tied up in vets who are not playing.
The Tomlinson contract is a whole lot more reasonable, leaving the team an out, albeit with dead money, if Tomlinson radically underperforms.
1) The Texans don’t care about the rest of the league’s situation in terms of salaries.
2) Tunsil is a really good player so I’m not sure why you’re complaining about the LT protecting your future franchise QB.
3) since most of the contract is guaranteed money, the cap hit will happen now. This is when the Texans have the most cap flexibility. His cap it will be much lower in 24 25 and 26.
4) Who else are the Texans going to spend the money on? They just dumped Cooks. They don’t have players looking to come right now. Relax and enjoy the rebuild. Ryans is a good coach.
The problem is not the annual value of Tunsil’s contract. The almost fully guaranteed nature of the contract is the concern. If Tunsil gets lazy or stroppy, the Texans have no recourse. These big guaranteed contracts often seem to end badly, with poorly motivated players.
They probably have weight incentives and work out bonuses built in. Look, there’s always concern when signing linemen but it’s only 3 years. The Texans will probably draft his replacement next season. Listen, we have Mekhi Becton who I thought was going to eat his way out of the league. We will gladly trade him for Tunsil anytime