AsylumGuido |
07-15-2014 01:45 PM |
Re: Jimmy Graham SIGNS Contract
Quote:
Originally Posted by stickman
(Post 599648)
cbssportsline reporting it's for 2 years at $21 million. Not sure what's up with that.
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If the Saints choose to cut him after two years that is what it would be. The deal contained $20 million guaranteed, including a $12 million signing bonus and an $8 million roster bonus that becomes effective following the 2014 season. That means the following:
Year one: $12 million signing bonus prorated over the 4 year term of the deal ($3M per year) plus a base salary of $1M. Cap hit $4M and total paid $13M
Year two: $8M roster bonus and the remaining $9M of prorated signing bonus due if Graham is not retained for year three. Cap hit $17M
If the Saints decide after year two to move on then it is a 2 year deal worth at least $21M ($4M year one + $17M year two).
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