http://profootballtalk.nbcsports.com/2018/05/04/under-any-analysis-matt-ryans-sets-a-new-bar/
Under any analysis, Matt Ryan’s contract sets a new bar
Posted by Mike Florio on May 4, 2018
The numbers on the new
Matt Ryan contract have made their way to PFT headquarters. And, well, wow.
The full breakdown appears below, followed by some analysis. All numbers come from a source with knowledge of the deal.
1. Signing bonus: $46.5 million.
2. 2018 salary: $6 million, fully guaranteed.
3. 2019 option bonus: $10 million, fully guaranteed.
4. 2019 salary: $11.5 million, fully guaranteed.
5. 2020 salary: $20.5 million, fully guaranteed.
6. 2021 salary: $23 million, $5.5 million of which is guaranteed for injury only at signing. The $5.5 million becomes fully guaranteed on the third day of the 2019 league year.
7. 2022 roster bonus: $7.5 million, due third day of 2022 league year.
8. 2022 salary: $16.25 million.
9. 2023 roster bonus: $7.5 million, due third day of 2023 league year.
10. 2023 salary: $20.5 million.
11. All guarantees have no offset language.
Here’s what it all means.
First, Ryan has a whopping $94.5 million fully guaranteed at signing. The remaining $5.5 million in guarantees for injury only at signing are, as a practical matter, fully guaranteed. Indeed, the only way to avoid the $5.5 million would be to cut Ryan after one year — and to owe him $94.5 million without the opportunity to offset any of the cash to be paid later.
Second, there is no fluff in the deal. No per-game roster bonuses, no workout bonuses, no incentives. It’s “all clean cash,” as the source explained it.
Third, if Ryan had opted to go year to year, he would have made $19.25 million this year, $25.98 million under the franchise tag in 2019, and $31.176 million in 2020. That’s a three-year haul of $76.406 million. Under the new contract, Ryan will make $94.5 million.
Fourth, in the non-guaranteed years, the Falcons will have to decide early whether to move on from Ryan, given the $7.5 million due on the third day of the 2022 and 2023 league years.
Fifth, the new-money value is $30 million per year, which is a record. The full value at signing — six years, $169.25 million — is $28.2 million. (That’s not quite as good as $28.3 million, but in one specific way it’s a lot better.)
So Ryan has set a new bar. And it won’t be easy for the Packers and
Aaron Rodgers to overcome it. We’ll explain that in further detail in a separate post.
For now, the point is this: Ryan has gotten a record-setting deal, and he’ll likely be a Falcons for the next six years, and probably beyond.
http://profootballtalk.nbcsports.com/2018/05/04/what-will-aaron-rodgers-new-deal-look-like/
What will Aaron Rodgers’ new deal look like?
Posted by Mike Florio on May 4, 2018
Falcons quarterback
Matt Ryan has set a new barwhen it comes to every relevant contract metric — new money, total value, real guarantees, cash flow, etc. So what does that mean for the next man up, Packers quarterback
Aaron Rodgers?
Glad you asked. Even if you didn’t.
Rodgers has two years left on his current contract, at a total payout of $42 million (including workout and per-game roster bonuses). His challenge will be to get the Packers to disregard or downplay those numbers and to negotiate a deal from scratch.
This will make a short-term deal like Vikings quarterback
Kirk Cousins‘ three-year, $84 million deal less practical, since it would give the team only one more year of certainty. And so the structure will more likely resemble the six-year, $169.25 million deal (with a real guarantee of $100 million) signed by Ryan.
So what will Rodgers want? Six years, $170 million? Six years, $175 million? $180 million?
Ryan is the first guy to get to $30 million in new money; maybe Rodgers will want to be the first guy to get to $30 million in total value at signing. A six-year, $180 million contract would do that.
With roughly 60 percent of Ryan’s contract fully guaranteed at signing, a $180 million contract for Rodgers would mean that at least $108 million would be fully guaranteed at signing.
Assuming that Rodgers can get a straight $30 million average at signing, that would result in a much higher new-money average. He’d be getting $138 million over four years on top of what he’s already due to earn. That’s an average of $34.5 million in new money.
If that happens (and that’s still a relatively large “if”), it will mean that the top of the market has moved a full $10 million in less than a year, with
Andrew Luck‘s $24.5 million bumped by
Derek Carr‘s $25 million bumped by
Matthew Stafford‘s $27 million bumped by
Jimmy Garoppolo‘s $27.5 million bumped by Cousins’ $28 million bumped by Ryan and then by Rodgers.
Whatever Rodgers eventually gets, the Ryan deal set the floor. The only question is how high the ceiling goes once Rodgers puts his name on the bottom line.