Mike Klis has shared the details about the new contract Demaryius Thomas signed.
The breakdown from Klis’ report:
2015: $22 million. He will receive an $11 million signing bonus, $6.5 million in roster bonus and a $4.5 million salary. All $22 million is fully guaranteed.
2016: $13 million salary, fully guaranteed.
2017: $8.5 million salary, guaranteed against injury. The full salary becomes fully guaranteed early in the league year.
2018: $12.5 million. It includes a $4 million option, plus an $8.5 million salary. None of this money is guaranteed.
2019: $14 million salary, not guaranteed.
I will have more thoughts in my Musings later tonight.
ADDENDUM (Nick): If Klis’s figures are accurate, this is how the contract would look in salary cap terms. Aaron Wilson of the Baltimore Sun also provided more details on July 17.
|
Base Salary |
Prorated Bonus |
Roster Bonus |
Cap
Number |
Dead Money* (pre-June 1 cut) |
Cap Savings* (pre-June 1 cut) |
| 2015 |
$4,500,000 |
$2,200,000 |
$6,500,000 |
$13,200,000 |
$35,000,000 |
($21,800,000) |
| 2016 |
$13,000,000 |
$2,200,000 |
|
$15,200,000 |
$21,800,000 |
($6,600,000) |
| 2017 |
$8,500,000* |
$3,533,333 |
|
$12,033,333 |
$15,100,000 |
($4,400,000) |
| 2018^ |
$8,500,000 |
$3,533,333 |
|
$12,033,333 |
$7,066,667 |
$4,966,667 |
| 2019^ |
$14,000,000 |
$3,533,333 |
|
$17,533,333 |
$3,533,333 |
$14,000,000 |
*2017’s base salary is included in dead money only for that year, as the Broncos would presumably cut Thomas before February 17 if they did so in 2016.
^The Broncos must exercise an option in 2017 to continue these years, and doing so should mandate that a $4 million option bonus be paid to Thomas, prorated from 2017-2019. Declining the option should make Thomas a UFA in 2018 that qualifies for the compensatory pick formula.
(more from Nick beyond the fold)
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