Jump to content

  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Breaking Down Steve Smith's Deal

jtnc

By jtnc,
in Carolina Panthers

Recommended Posts

jtnc Newbie

jtnc

Posted
Posted

I just got the complete details on the contract extension receiver Steve Smith signed with the Panthers on Tuesday and they’re very interesting on several levels. It’s a three-year deal with the team holding an option for the fourth year and could be worth as much as $37.8 million.

The deal includes $16.8 million in guaranteed money. Smith received a $10 million signing bonus and comes out way ahead on what he’ll earn in 2012. In addition to the signing bonus, he’ll also earn $1 million in base salary. Smith had been scheduled to earn $7.75 million in the final year of his contract. The new deal gives Smith more money, but he also frees up significant salary-cap room for the Panthers, who had less than $500,000 available before this deal.

Smith had been scheduled to count $10.7 million against the cap this year, but the new deal drops that figure to $5.96 million.

In 2013, Smith’s base salary will rise to $3.75 million and that’s guaranteed. Smith also will earn a guaranteed $4 million in base salary in 2014. That’s also the year he can collect a $3 million bonus if the Panthers elect to pick up his option for 2016.

In 2015, Smith is scheduled to make $7 million in base salary. If he gets to the option year, his base salary will rise to $9 million.

Decent deal imo.

http://espn.go.com/blog/nfcsouth/post/_/id/33633/breaking-down-steve-smiths-deal-2

This post has been promoted to an article

Link to comment
Share on other sites
R0CKnR0LLA Mentor

R0CKnR0LLA

Posted
Posted

i doubt he gets the 4th year so i'm just going to ignore that for now

biggest thing for me is the average price for the new 3 years. i was thinking if it was around 10 per year I'd be a bit pissed as that's too high so let's break it down.

we're saving 6.75 million off his base salary this year. i know he gets the signing bonus and part of that counts toward the cap but for new money and evaluating the deal i'm going to lump that in with the added 3 years.

the added 3 years he gets a base salary of 3.75, 4 and 7 and like I said a discount this year of 6.75. so we added $8 million total in base salary and $10 million in signing bonus.

3 extra years at an average of $6 million per year. Not too bad, and with the way it's structured it helps with the cap right away so that's nice too. I don't like how much of the money is fully guaranteed but price wise it's a pretty nice deal.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • LinvilleGorge
      89 on The Pivot

      By LinvilleGorge · Posted

      He was so much fun to watch as a player but is a prototypical example of the old "never meet your heroes" adage. Great player, not a great guy.
    • Basbear
      Does Bryce deserve credit for game-winning drives?

      By Basbear · Posted

      Look.... if us BY "haters" give credit about his GWDs...... Will the BY stans also have honest discussion about the 55minutes before the last 5 in which BY has put up 9/20 for 78 yards 0 TDs???  
    • Pantherxtreme
      Hubbard says he might have rushed back

      By Pantherxtreme · Posted

      The way they are handling now is how they should have handled it from the start instead of that you get a series, you a get a series. Let Chuba spell until he had some of his step back.  We definitely could have put a better showing against Buffalo and their weak run defense had we employed the same game plan we did against Green Bay. Saints were determined to stop the run and make Bryce beat them, Atlanta had similar plan and the coaches and Bryce were able to respond.  Rico although didnt have the best rushing game was vital in the passing game and his catch and run help get us into the redzone there at the end of regulation probably should have been a touchdown that out of bounds was a judgement call it wasn't conclusive and thus should have went with the original call on the field.  Roco brings that dawg to the offense that it shorely lacked up until Miami game. Interesting it was his call that help seal the win for us, glad the coaches were listening. Hope they can get a deal done and run it back next year.  
×
×
  • Create New...