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Olivier Vernon gets $20 million signing bonus


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.

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19 Responses to “Olivier Vernon gets $20 million signing bonus”
  1. deflatedfootballs says: Mar 9, 2016 11:03 PM

    Jesus.. Chandler Jones will break the bank for my Pats.. no way in hell they will keep him

  2. chawk12thman says: Mar 9, 2016 11:19 PM

    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.

  3. markeyh says: Mar 9, 2016 11:37 PM

    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……

  4. grantgoodman93 says: Mar 9, 2016 11:44 PM

    7.5 sacks last season. I have hired a trainer and will pursue becoming a mediocre but young defensive end.

  5. dbranch65 says: Mar 9, 2016 11:46 PM

    If the Dolphins did this the media would be all over them. T

  6. ncphinsfan says: Mar 9, 2016 11:58 PM

    Plain and simple- OV was this year’s Dannell Ellerbe. Right place at the right time. Will be Cut in 2 years from now. Book it.

  7. naes says: Mar 10, 2016 12:09 AM

    The Giants finally figured out how to stagger contracts! Yay!!!!!!!!

  8. boltfan29 says: Mar 10, 2016 12:14 AM

    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.

  9. jetfan92 says: Mar 10, 2016 12:24 AM

    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

  10. sclazo says: Mar 10, 2016 12:26 AM

    Way to over spend on a player that never got more than 10 sacks in a season.

  11. 2011to2020lions says: Mar 10, 2016 12:47 AM

    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

  12. megabeast37215 says: Mar 10, 2016 12:51 AM

    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.

  13. patsfan4lifesbchamps says: Mar 10, 2016 1:38 AM

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

  14. flannigan77 says: Mar 10, 2016 2:17 AM

    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.

  15. rance89 says: Mar 10, 2016 5:53 AM

    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!

  16. thefootballgodssay says: Mar 10, 2016 8:51 AM

    A great deal but NY 26 million left in 2016 2017 NYG has 59 million under the cap 2018. 79 million under the cap

  17. thefootballgodssay says: Mar 10, 2016 8:58 AM

    According to profootball focus vemon in a 4-3 d he’s #1 overall de great signing by NYG

  18. paulieorkid says: Mar 10, 2016 9:30 AM

    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.

  19. theheyseed says: Mar 10, 2016 10:21 PM

    Redskins will still win the division.

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