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Leroy Hill's Deal? Two Years, $13 Million With Four One-Year Options

The numbers are available for the long-term deal signing by Seahawks linebacker Leroy Hill after the team yanked a franchise tender that would have paid him $8.4 million guaranteed for one season.
Instead, he’ll get $11 million guaranteed for two seasons, plus most likely a $2 million option bonus.
The payment comes without a signing bonus, but with a $5 million guaranteed base salary in 2009, and a $6 million guaranteed base salary in 2010.
After 2010, all bets are off from a salary-cap standpoint, if there’s still a salary cap.
In 2010, Hill is due to receive a $2.5 million roster bonus and a $4.5 million non-guaranteed base salary.  Cutting him would create an acceleration of only $1.2 million beyond the $400,000 that the Seahawks will carry in option bonus proration regardless of whether he’s on the team.
After that, the base salaries are $5 million in 2012, $5.5 million in 2013, and $5.5 million in 2014.
In all, then, it’s a six-year, $36 million deal.  As a practical matter, however, it’s a two-year, $13 million deal with a series of four one-year options.
So, basically, if he had signed the tender and made $8.4 million guaranteed in 2009, he’d need to make only a dollar more than $4.6 million in 2010 to be ahead of the game.

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4 Responses to “Leroy Hill's Deal? Two Years, $13 Million With Four One-Year Options”
  1. hooky40 says: May 6, 2009 6:58 PM

    Does anyone know how the 30% rule would apply here? Or if it would apply to him?

  2. Stone says: May 6, 2009 7:44 PM

    Who are the agents for some of these guys? Hill isn’t the first player we have seen lately that eschews the 1-year tender of a guaranteed amount and then subsequently accept the same amount, or less, to sign a long term deal. Play out of your mind on the one year deal, become a free agent, or re-sign for another one-year tender at some unGodly amount. Take the risk.

  3. crheine says: May 6, 2009 8:47 PM

    Bonehead!!

  4. liberrian says: May 6, 2009 9:37 PM

    I find this difficult to care about.

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