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Olsen's contract

PackPanther

By PackPanther,
in Carolina Panthers

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PackPanther

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http://espn.go.com/blog/nfcsouth/post/_/id/23374/looking-at-greg-olsens-new-contract

We’ve got the complete breakdown here. Olsen was in the last year of his contract when he came from Chicago and was scheduled to make $900,000 in base salary. In the new deal, the Panthers knocked that figure down to $700,000. They also gave Olsen a $2.5 million signing bonus and added four years to his contract. His cap figure for this year is $1.2 million. The average per year of the new deal is $5.7 million.

In 2012, Olsen’s base salary jumps to $3 million and that’s guaranteed. Olson also has a $2.5 million option bonus in 2012. In 2013, Olsen’s base salary increases to $3.75 million and he has a $250,000 workout bonus for that offseason.

In 2014 and 2015, Olsen is scheduled to make $5.25 million in base salary each season. He also has a $250,000 workout bonus in each of those years.

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PackPanther Newbie

PackPanther

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I just meant that its not a massive deal, so that if he at all lives up to expectations then we got a bargain on him. Basically, I am saying he doesnt have to be the best TE in the League for this to be a good deal. Meanwhile on the C. Johnson deal, he definitely better be one of the best in the league

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