The first big-name player to sign a contract over the weekend didn’t have to change teams to get paid. And he got paid plenty.
Per a league source, here’s the breakdown of the contract given by the Packers to receiver Randall Cobb.
Cobb receives $13 million to sign, along with a base salary of $1.2 million in 2015. For 2016, Cobb has a $3.5-million roster bonus due on the third day of the league year, plus a salary of $1.5 million.
In 2017 and 2018, the salaries are $8.6 million in each year.
Cobb also can earn $400,000 per year in workout bonuses and up to $500,000 in per-game roster bonuses. For every game he’s not on the roster, the four-year, $40 million deal shrinks by $31,250.
The cap numbers are $5.35 million in 2015, $9.15 million in 2016, $12.75 million in 2017, and $12.75 million in 2018.
The structure suggests that ultimately it could be a two-year, $21 million deal. Ultimately, the Packers control whether Cobb remains with the team through 2016 or 2018.