More details are trickling in on Cam Newton‘s massive $103.8MM extension with the Panthers, as well as Cameron Jordan‘s new five-year extension with the Saints. We’ll round up the latest on the two NFC South mega-deals right here:
Newton:
- According to Joel Corry of CBSSports.com (Twitter link), the cap numbers on Newton’s new deal are as follows: $13MM (2015), $19.5MM (2016), $20.166MM (2017), $21.5MM (2018), $23.2MM (2019), and $21.1MM (2020). Corry notes (via Twitter) that the deal includes a $10MM option bonus in 2016, with a $10MM non-exercise fee. The non-exercise fee is the amount that must be paid out if a player is kept on the roster without his option being picked up.
- There have been varying reports on the amount of the full guarantee in the contract. Albert Breer of the NFL Network suggests (via Twitter) that only $31MM is fully guaranteed. That would be the $22.5MM signing bonus, the $7.5MM roster bonus due later this week, and the $1MM base salary for 2015.
- As we passed along earlier today, however, Corry says the full guarantee works out to $41MM, which also seems to include his $10MM option bonus for 2016. Meanwhile, Jason Cole of Bleacher Report tweets that $54MM is fully guaranteed, which would be the aforementioned amounts, plus Newton’s $13MM base salary for ’16.
- While we may have to wait for further clarification, my guess is that – while it’s possible only $31MM is fully guaranteed at the time of the signing – Corry’s $41MM figure is probably accurate. That $10MM second-year option may not be fully guaranteed at this point, but as Corry wrote in a piece last year, sometimes teams will guarantee future base salary, with that guarantee voiding or reducing after an option has been picked up — that approach minimizes or eliminates the risk of a player being cut before the option exercise period ends.
- One detail that everyone agrees on, which was reported at the time of the initial agreement yesterday, is that the total amount of guaranteed money – including injury-only guarantees – is $60MM.
- Jason Fitzgerald of Over The Cap breaks down what Newton’s extension looks like in chart form, and also compares the deal to other notable quarterback extensions signed recently.
Jordan:
- While Jordan’s five-year, $55MM extension includes $33MM guaranteed for injury, just $23.96MM is fully guaranteed, writes Jason La Canfora of CBSSports.com (Facebook link). Jordan’s previous $6.969MM salary for 2015 had already been fully guaranteed, so that’s $17MM in new fully guaranteed money.
- When the agreement was first reported yesterday, it was noted that $5MM was available for Jordan in incentives — those are sack-related, according to La Canfora, though he doesn’t have details on the specific requirements.
- If Jordan’s play slips, the Saints could comfortably move on from this contract after two seasons, says La Canfora. In his view, the deal won’t be a point of reference when star lineman like Marcell Dareus and Muhammad Wilkerson are negotiating new contracts, though it may make a good comparable for a player like Cameron Heyward of the Steelers.