That five-year, $50 million deal, with $27 million guaranteed, given to cornerback Cortland Finnegan seemed to be a little pumped up.
It is. But only a little.
We’ve obtained the breakdown from a source with knowledge of the contract. Finnegan will receive $24 million in fully guaranteed money upon signing. Another $3 million is guaranteed for injury only, for now.
Finnegan received a $5 million signing bonus. He’ll earn another $5 million in fully-guaranteed base salary in 2012.
In 2013, he has a $5 million roster bonus guaranteed for skill and injury, and a $9 million fully guaranteed base salary.
In 2014, Finnegan is due to earn a non-guaranteed base salary of $6 million, and that $3 million roster bonus. Guaranteed for injury only on signing, it becomes fully guaranteed five days after the Super Bowl XLVII. Which means that the $3 million either will be fully guaranteed — or Finnegan will be a free agent again in less than a year. With $24 million in the bank.
In 2015, Finnegan has a base salary of $8 million. In 2016, Finnegan has a $7 million base salary and a $2 million roster bonus.
It’s a real $50 million deal, and Finnegan is currently guaranteed to receive nearly half of it.
G.M. Les Snead talked about the decision to sign Finnegan during Wednesday’s PFT Live.This video is no longer available. Click here to watch more NBC Sports videos!