Plenty of this year’s franchise players have yet to receive multi-year deals. Recently, Titans safety Michael Griffin got one.
Widely reported as a five-year, $35 million deal with $15 million guaranteed, the first part is right and the second part requires a little clarification.
Per a source with knowledge of the deal, the contract indeed has a base value of $35 million, but only $11.5 million is fully guaranteed. The other $3.5 million is guaranteed for injury only; it becomes fully guaranteed on the fifth day after the start of the 2013 waiver period.
In all, Griffin gets a $9 million signing bonus, a $2.5 million fully-guaranteed base salary in 2012, a $3.5 million base salary in 2013 guaranteed for injury only until next year, a $1 million roster bonus due on the 15th day of the 2013 league year, a $6.2 million base salary in 2014, a $6.3 million base salary in 2015, and a $6.5 million base salary in 2016.
The cap numbers are $4.3 million in 2012, $6.3 million in 2013, $8 million in 2014, $8.1 million in 2015, and $8.3 million in 2016.
With cap numbers at and above $8 million in the final three years of the deal, Griffin will need to continue to play at a high level to persuade the Titans to honor all five seasons of the contract.