We found out earlier Monday that the Bills and wide receiver Stevie Johnson reached agreement on a new contract and now some of the details are coming to light.
Adam Schefter of ESPN reports that the deal is for five years and $36.25 million. The $7.25 million average annual value places Johnson on a tier below the top receivers in the game, which seems right given the differences between him and guys like Calvin Johnson and Larry Fitzgerald. It’s also a good deal below the franchise tag of $9.4 million.
Per Schefter, the contract guarantees Johnson $19.5 million and calls for Johnson to receive $24 million over the first three years of the deal. There’s no detail as to the nature of those guarantees, i.e. whether they are fully or partially guaranteed and how much is to come via a signing bonus. Johnson’s deal could look different once that information comes to light.
Either way, Johnson made himself a fair chunk of change on Monday.