Former Stanford players have been cashing in this week.
One day before former Stanford quarterback Andrew Luck signed his six-year, $139.125 million contract, former Stanford receiver Doug Baldwin inked a five-year, $47.5 million deal in Seattle. PFT has obtained Baldwin’s contract, and the full details appear below.
He receives a signing bonus of $7 million, but the cash isn’t due until April 1, 2017.
Baldwin also earns a $4 million roster bonus on Monday, July 4, 2016, half of which will be paid by July 11, 2016 and the other half of which will be paid by August 15, 2016.
Baldwin has a fully-guaranteed $1 million salary for 2016, and a $7.75 million base salary in 2017. The 2017 salary is guaranteed for injury at signing, and it becomes fully guaranteed on the fifth day of the 2017 waiver period.
Baldwin will earn a salary of $8.25 million for 2018, $4.5 million of which is guaranteed for injury at signing. The $4.5 million becomes fully guaranteed on the fifth day of the 2018 waiver period.
Baldwin has a non-guaranteed base salary of $9.25 million in 2018, and a non-guaranteed base salary of $10.25 million in 2019.
He also can earn per-game roster bonuses totaling $500,000 in 2016, $500,000 in 2017, $750,000 in 2018, and $750,000 in 2019. In all, $2.5 million is tied to his ability to suit up and play.
It adds up to a base five-year value of $47.5 million ($9.5 million average). Up to $50 million is available when considering per-game roster bonuses. With Baldwin already due to make $4.8 million in 2016 under his prior deal, he has a new-money average of $10.675 million per year on the base amount.
Also, $12 million is fully guaranteed, as a practical matter, at signing. Another $12.25 million is guaranteed for injury only at signing.