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Finnegan gets $24 million in real guarantees

Cortland Finnegan, Kyle Orton AP

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.

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12 Responses to “Finnegan gets $24 million in real guarantees”
  1. jenniferxxx says: Mar 15, 2012 6:47 PM

    This dirty player would have spun the bounty dial in New Orleans.

  2. knicks4life says: Mar 15, 2012 6:47 PM

    Waste of money

  3. matthewcarlson1 says: Mar 15, 2012 6:49 PM

    I wouldn’t give that punk $1

  4. jrod691 says: Mar 15, 2012 6:50 PM

    How can you fail to mention what team he signed with in this article? No wonder you guys are breaking so many records since I have to click two links for this article to make any sense or have any real meaning.

  5. mataug says: Mar 15, 2012 7:08 PM

    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.

    Something does not make sense.

    Super Bowl XLVII is on February 3, 2013. Are they going to guarantee his 2014 salary in February 2013 ?

  6. zillabeast says: Mar 15, 2012 7:11 PM

    Finnegan signed with the Eagles

  7. nineroutsider says: Mar 15, 2012 7:12 PM

    Is it just me or did the Rams get took? He’s good, but not that good…

  8. thcnote says: Mar 15, 2012 7:17 PM

    Starting off your run as rams head coach with one of the worst signings in nfl history. Nice work Fisher. 50 mil for Finnegan. Only 30 mil more that he’s worth.

  9. randolph32 says: Mar 15, 2012 7:46 PM

    GM head to head, Emery vs. Snead, let’s call it a draw until we see if Marshall has to do any Suspension time, but this signing could very well have egg all over somebody’s face…is it obvious that the Head Coach of the Rams has as much or more power than Snead?

  10. fumblenuts says: Mar 15, 2012 9:00 PM

    I can’t wait to watch WR BIG Mike Williams from Seattle run right over this small dude!

  11. sambradfordismyhomeboy says: Mar 15, 2012 10:32 PM

    The only thing that Finnegan is guaranteed is too pi$$ plenty of folks off and to get his a$$ handed to him probably in the parking lot of some strip club. The Rams really needed secondary help, but is this the best this new front office could do? And you don’t put up a fight for Brandon Lloyd? Really???? With the 3rd pick in the 2013 draft the useless Rams select…

  12. redbirdnation23 says: Mar 15, 2012 11:17 PM

    Have you guys not seen how much cap space the Rams currently have? Or have you even thought that hey the Rams need to have a turn around season? I would rather over pay a guy that has been with Fisher and will give the Rams some defensive edge with his rough mentality because they need a change in St.Louis. Stop all your nonsense and look at the other side of it for once rather than bashing them after a 2-14 season for signing a good pick up that has been better than any other corner they have picked up that is hurt the whole season.

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