"You always want to sign your own." - #Broncos EVP/GM @johnelway on signing DE Derek Wolfe through the 2019 season pic.twitter.com/wh6toCNwP3
— Denver Broncos (@Broncos) January 15, 2016
Well, that’s one thing the Broncos can cross off their to-do list for the offseason.
And to think I was spending my time this afternoon tinkering with my offseason game plan for the Broncos. Mind you, though, that’s a good thing in this case.
UPDATE: Ian Rapoport has the contract’s total sum and some details on the breakdown. More information should be coming as to what are the full guarantees, injury-only guarantees and signing bonus.
#Broncos signed DE Derek Wolfe to a 4-year contract extension worth $36.7M, source said. He wanted to stay in Denver, could've gotten more
— Ian Rapoport (@RapSheet) January 15, 2016
For #Broncos DE Derek Wolfe, he gets $17.5M in guarantees on his 4-year, $36.7M deal ($9.175M average).
— Ian Rapoport (@RapSheet) January 15, 2016
ADDENDUM, 9 PM MT (Nick): Using Mike Klis’s report as a source, the contract breakdown for Wolfe should be something close to this:
| Base Salary | Prorated Bonus | Roster Bonus | Workout Bonus | Cap Number |
Cap Savings (pre-June 1 cut) |
|
| 2016 | $4,500,000* | $1,875,000* | $500,000‡ | $50,000 | $6,925,000 | ($5,075,000) |
| 2017 | $5,500,000^ | $1,875,000* | $500,000‡ | $50,000 | $7,925,000 | $2,300,000 |
| 2018 | $8,000,000† | $1,875,000* | $500,000‡ | $50,000 | $10,425,000 | $6,675,000 |
| 2019 | $9,000,000† | $1,875,000* | $500,000‡ | $50,000 | $11,425,000 | $9,550,000 |
* fully guaranteed
^ guaranteed for injury only, fully guaranteed on the seventh day of the 2017 league year
† Klis did not specify Wolfe’s base salaries for these years, but these numbers are educated guesses to sum up the total contract worth to $36.7 million
‡ Per-game roster bonuses
