Olivier Vernon gets $20 million signing bonus

AP

The numbers are in for the contract given by the Giants to right-place-at-the-right-time defensive end Olivier Vernon. And, yes, it continues to be an amazing expenditure of funds by a General Manager who knows that if he doesn’t spend it now, he may not be around to spend it later.

Per a source with knowledge of the contract, Vernon receives a $20 million signing bonus, along with a fully guaranteed base salary of $1.75 million in 2016, a $7 million roster bonus due in four days, and $11.25 million in fully-guaranteed 2017 base salary. That’s $40 million in fully-guaranteed money at signing.

Another $12 million in 2018 base salary is guaranteed for injury only. It converts to fully guaranteed on the third day of the 2018 league year.

The contract also has $250,000 workout bonuses each year.

In all, the deal pays out $29 million in 2016, $41 million through 2017, $54 million through 2018, $69.5 million through 2019, and $85 million through 2020. The cap numbers are $13 million in 2016, $16 million in 2017, $17 million in 2018, $20 million in 2019, and $20 million in 2020.

As a practical matter, it’s a two-year, $41 million deal with a team-held option for each of the next three.

19 responses to “Olivier Vernon gets $20 million signing bonus

  1. Crazy Frenzy money that virtually guarantees he will be released after next season……Unless he gets even better……That is just crazy……crazy…..crazy money.

  2. What a foolish contract for a guy who is at best good. Nothing great about OV at all. The Dolphins replaced him with a better player and can easily draft a young pass rusher an plug him in and get 7 sacks……

  3. Did the Giants really spend $120M in just guaranteed money today??? WOW They overpaid Jenkins AND Vernon… I know they needed help on defense but EVERYONE knows you can’t just buy a defense overnight.

  4. Giants just dropped 140 million on 2 players and the Jets still have the better D-Line with Mo Wilkerson, Sheldon Richardson, and Leonard Williams

  5. Im glad Mayhew is with the Giants now. Those are the contracts the Lions have dealt with for a long time. Now you guys can sit back and wish you had the money for those last few pieces, but it will be a pipe dream in a few years

  6. There’s overpaying.. and then there’s this. 20.5 million per year (first two years) for 7.5 sacks and a bunch of boneheaded penalties.

  7. Could have drafted a day one starter instead of paying out all this money. Dumb move.

  8. This is a prime example of a team, really the General Manager, trying to win in the court of public opinion, while ignoring all practical matters of sanity. $41 million guaranteed for 2 years for a guy who really just played above average for half of a season. We are talking about him getting nearly JJ Watt money while really accomplishing JJ Squat. If I’m the Fins, I have absolutely no problem with them letting this guy go and picking up a solid mid-round draft pick if a team is going to throw this absurd amount of money at Vernon. The Maxwell Alonso trade, sketchy at best for the Fins, but if they’re able to restructure Maxwells contract, which I’m hearing they are, to be able to pick up additional cap room to keep Wake and eventually resign Grimes, then perhaps they should be given more credit than what the media is currently doing, by lambasting them over the last 24 hours. Alonso playing out the final year of his rookie contract for less than a million a year, as well as being nearly 2 years removed from ACL surgery (which most would agree is about the real time frame for a player to get back to playing the way they did pre-injury) is a great gamble. If the Fins can still come away from the draft with either Myles Jack or Hargreaves in round 1, then Miami might actually come away from this off season with some semblance of optimism. But for the trolls out there, easier said then done, especially given Miami’s past. As usual, only time will tell.

  9. I worry for the Giants here. That is a huge amount of cash on a player who is not a top DE. He is great a hurrying the QB but rekies on other players disruption to get a sack. He is also largely untested against double teams due to Wake and recently Suh picking them up.

    That being said, I hope I’m wrong as I like OV!

  10. The Giants are such DE mongers – that it makes one wonder how much JPP you ld have cashed in, had he not blown off his arm on the 4th of July last year.

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