Jared Allen will make $15.5 million in the first two years of his contract with the Bears. But only $3 million of that will come this year.
Per a source with knowledge of the deal, Allen receives a $3 million fully guaranteed base salary in 2014. For 2015, he gets a fully guaranteed base salary and a fully guaranteed roster bonus of $11.5 million, triggered on the 10th day of the 2015 league year.
Allen has a non-guaranteed base salary of $8.5 million in 2016 and a non-guaranteed base salary of $8 million in 2017. The final year voids automatically in early 2017; it’s been added to give the Bears an extra league year for spreading a cap charge if/when the $11.5 million roster bonus is converted to a signing bonus.
So it’s a three-year, $24 million deal. And the cap numbers are a pay-as-you-go $3 million, $12.5 million, and $8.5 million. If the 2015 roster bonus is converted in whole or in part to a signing bonus, a cap charge will apply in 2017.
Either way, it’s a sure thing he’ll earn $15.5 million in the next two years, a not-too-shabby average of $7.75 million per year.