Russell Wilson has agreed to a new four-year, $US87.6 million contract with the Seattle Seahawks. It is no doubt a monster, but we really see how big it is when we compare it to other top quarterbacks.
Because of the way NFL contracts constructed, there are a number of different ways they can be viewed and ranked, especially among quarterbacks who have signed a new contract in recent years. Highest total value? Jay Cutler, $US126.7 million. Top average value? Aaron Rodgers, $US22 million per year. Highest guaranteed value? Colin Kaepernick, $US61 million. But these deals can look a lot different if we dig deeper.
So, let’s compare the contracts signed by quarterbacks in the last year or so by how much they will make in the first two years of the new deal since we can safely assume none of these players will be cut before year-two. This is where we see just how awesome Wilson’s deal is.
Using Wilson’s $US31 million signing bonus and an estimated 2016 salary of $US14.2 million (based on the average value of the extension), Wilson will make about $US46.7 million in the first two years, or about 52% of the total value of the contract. Only Ben Roethlisberger can top those numbers.
Wilson didn’t get the $US125 million contract some were expecting. Instead, what he got was a shorter deal and a lot more money that is truly guaranteed, making his deal more valuable than most.
It will be interesting to see moving forward if more quarterbacks eschew the headline-grabbing $US100 million contracts in favour of deals that will actually put more money in their bank accounts.
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