05-31-2022, 11:46 AM
Its mostly fake money coupled with a healthy "signing bonus":
We’ve gotten a look at the details of the four-year contract. Here’s the full breakdown:
1. Signing bonus: $11.465 million.
2. 2022 base salary: $1.035 million, fully guaranteed.
3. 2023 base salary: $4.5 million, fully guaranteed.
4. 2023 option bonus: $8 million, guaranteed for injury at signing and fully guaranteed in March 2023.
5. 2024 base salary: $13 million, $3 million of which is guaranteed at signing. The remainder becomes fully guaranteed in March 2023.
6. 2024 per-game roster bonuses: Up to $1.5 million.
7. 2025 base salary: $14.25 million.
8. 2025 per-game roster bonuses: Up to $1.5 million.
The deal also has annual incentives of $250,000 for being named a first- or second-team All-Pro or $500,000 for being named a first- or second-team All-Pro and for the Browns making it to the playoffs.
As a practical matter, it’s a two-year, $25 million deal. The Browns have a team-held option for each of the final two years. He’d have $3 million in guaranteed pay for 2024, if the Browns move on after 2023.
It’s more than he’d make under two years of the franchise tag ($23.98 million), and it guarantees $17 million of it right away. To avoid the extra $11 millions in guarantees, the Browns would have to release Njoku after only one season.
We’ve gotten a look at the details of the four-year contract. Here’s the full breakdown:
1. Signing bonus: $11.465 million.
2. 2022 base salary: $1.035 million, fully guaranteed.
3. 2023 base salary: $4.5 million, fully guaranteed.
4. 2023 option bonus: $8 million, guaranteed for injury at signing and fully guaranteed in March 2023.
5. 2024 base salary: $13 million, $3 million of which is guaranteed at signing. The remainder becomes fully guaranteed in March 2023.
6. 2024 per-game roster bonuses: Up to $1.5 million.
7. 2025 base salary: $14.25 million.
8. 2025 per-game roster bonuses: Up to $1.5 million.
The deal also has annual incentives of $250,000 for being named a first- or second-team All-Pro or $500,000 for being named a first- or second-team All-Pro and for the Browns making it to the playoffs.
As a practical matter, it’s a two-year, $25 million deal. The Browns have a team-held option for each of the final two years. He’d have $3 million in guaranteed pay for 2024, if the Browns move on after 2023.
It’s more than he’d make under two years of the franchise tag ($23.98 million), and it guarantees $17 million of it right away. To avoid the extra $11 millions in guarantees, the Browns would have to release Njoku after only one season.
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