Not long after former Giants defensive end Osi Umenyiora signed a multi-year contract in 2006, he wasn’t happy with it. But he never was able to get the new payday he wanted in New York.
We’re told that, within the past year or two, he turned down a three-year, $18 million package from the Giants.
Umenyiora got far less than that from the Falcons. His two-year, $8.5 million deal averages $4.25 million per season. And while it puts him back on the market again in time for what some think will be a spike in the salary cap, Osi also will be 34 years old by then.
Umenyiora received a signing bonus of $2.5 million, along with a base salary of $1.75 million in 2013. Next year, he’s due to pocket a $1 million roster bonus and a $2.5 million base salary. (An unspecified escalator appears in the deal.)
It’s possible that the Falcons will decide to make it a one-year arrangement, absorbing $1.25 million in dead money next year while avoiding $3.5 million in compensation. After all, the Falcons cut bait on John Abraham only one season after he signed a multi-year contract in free agency.