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Floyd gets $5.25 million guaranteed

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Last week, the Chargers prevented receiver Malcolm Floyd from hitting the free-agent market in March 2013 by signing him to a three-year extension, which puts him under contract through 2015.

Per a source with knowledge of the deal, Floyd received $1 million to sign, along with a fully-guaranteed base salary of $1.5 million in 2013 and a fully-guaranteed base salary of $2.75 million in 2014.

It adds up to $5.25 million in fully-guaranteed money.

As a practical matter, it means that Floyd is certain to receive the balance of his $2 million base salary in 2013, and he’s highly likely to receive a non-guaranteed option bonus of $2.75 million in 2013.

In 2015, Floyd is due to earn a $3 million base salary.  He’s also eligible for a $500,000 workout bonus in 2015.

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14 Responses to “Floyd gets $5.25 million guaranteed”
  1. bennyb82 says: Oct 1, 2012 7:45 PM

    I am surprised he didnt wait to sign a 5 year 40 million dollar contract with tampa, carolina, or the jets.

  2. EJ says: Oct 1, 2012 7:47 PM

    Good player, good deal for both sides. I knew the Chargers wouldn’t let him go.

  3. chuckyv1134 says: Oct 1, 2012 7:51 PM

    AJ Smith is a master of contract negotiations. I can’t believe he got this guy locked up for 2 mill a year thats insane. I feel he’s more worth the 5 million range and for a team of serious need cough*JETS*cough I’de pay upwards of 6-7.

    Supremely talented guy he will have a number of 1,000 yard seasons once he finally stays healthy for a full year.

  4. fringetastic says: Oct 1, 2012 7:56 PM

    Wow, this deal sounds like the Chargers got the best of this one.

  5. arlingtonsynn says: Oct 1, 2012 7:58 PM

    That is a ridiculously cheap contract.

  6. Savage Lizard says: Oct 1, 2012 8:03 PM

    If the guy likes being there, likes the offense, and is happy why worry about getting every last nickel?

  7. mgifford7 says: Oct 1, 2012 8:12 PM

    Glad to see Floyd get a deal. Living in Wyoming, I always loved watching him play at UW. Glad to see at least one Wyoming guy flourish in the nfl at this point in time. Lol

  8. paulnoga says: Oct 1, 2012 8:14 PM

    great idea S L. Being a millionaire and living in San Diego, what more could you want?
    this puts into question to other athletes and REFEREE’S, greed and the chase of riches can blind you to what really is great.

  9. ambitoos says: Oct 1, 2012 8:57 PM

    With his abilities and attitude, this soft spoken guy will be a Charger for along time. He has shown he cares more for the team than his own personel gain.

  10. KIR says: Oct 1, 2012 9:05 PM

    Floyd should fire his agent. Why accept a contract that’s barely above league minimum? A.J. Smith a great negotiator? Laughable!!! This is the guy who tried to take advantage of players and ended up costing his team pro bowl talent and a trip to the Super Bowl. Ever heard of Darren Sproles, Vincent Jackson, ect, ect ect…..

  11. ckinthekc99 says: Oct 1, 2012 9:44 PM

    After taxes, this guy isn’t getting much money at all! Also to the point of living in San Diego, that’s a lot less money considering how expensive it is to live there. Yes I’m not saying I wouldn’t be able to live off that kind of money, but seriously this guy could easily be selling insurance in 8 years.

  12. Max says: Oct 1, 2012 10:06 PM

    He is 31, not a burner, but a very talented possession receiver with exceptional size and good hands. I think he could have gotten more in free agency, but not a lot more.

    He was not going to get Vincent Jackson or Pierre Garcon type money, but he could have probably got Manningham type dollars. Its not a ton more, I guess he decided the stress of playing out the season, and trying to stay healthy, and all the other risk involved just was not worth it.

    He has been a good receiver for a very long time, just has always been in the shadow of Gates and Jackson. Wish he would have been recognized when he was a bit younger.

  13. KIR says: Oct 1, 2012 10:07 PM

    All agents aren’t created equal. Why accept a contract that’s barely above league minimum? A.J. Smith a great negotiator? Laughable!!! This is the guy who tried to take advantage of players and ended up costing his team pro bowl talent and a trip to the Super Bowl. Ever heard of Darren Sproles, Vincent Jackson, ect, ect ect…..

  14. chargersfan4life says: Oct 2, 2012 4:02 AM

    KIR says: Oct 1, 2012 10:07 PM

    All agents aren’t created equal. Why accept a contract that’s barely above league minimum? A.J. Smith a great negotiator? Laughable!!! This is the guy who tried to take advantage of players and ended up costing his team pro bowl talent and a trip to the Super Bowl. Ever heard of Darren Sproles, Vincent Jackson, ect, ect ect…..

    Well, I agree about Darren Sproles. V.J. however is an extremely overrated wide receiver, the only time he did anything was against a terrible defense. Once V.J. is against a formidable opponent he crumbles. Floyd is just as good as V.J. so his presence is not really missed, and look at all the great pieces SD got from using that money on some great pieces. (Bigby, Johnson, Royal, McClain, Meachem, etc.) Not to mention V.J. flourished in SD because of Soon Hall of Famers Tight End Antonio Gates and Running Back LT

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