On Friday, the Bengals became the latest team to do a long-term deal with a player entering the final year of his contract. The full details of Green’s four-year $60 million extension -- which equates to a total package of $70.176 million over five years -- appear below.
1. Green receives a $15 million roster bonus, with all money paid out by January 31, 2016.
2. Green has a base salary of $11.75 million in 2015, which is as a practical matter guaranteed.
3. Green receives a $6 million roster bonus if on the active roster as of the third day of the 2016 league year. The payment is not guaranteed.
4. Green has a base salary of $3.8 million in 2016.
5. Green has a base salary of $10.3 million in 2017.
6. Green has a base salary of $10.55 million in 2018.
7. Green has a base salary of $11.976 million in 2019.
8. Green is eligible for a $200,000 workout bonus in 2016 through 2019.
Green makes $26.75 million this year, and he will have earned $32.75 million by March. While next year’s pay isn’t guaranteed, he’ll walk away with $26.75 million if they cut him after this season -- which means they won’t.
He makes $35.95 million over two years and $46.45 million over three.
The cap numbers are $14.75 million in 2015, $13 million in 2016, $13.5 million in 2017, $13.75 million in 2018, and $15.176 million in 2019.
The deal has a new-money average of $15 million, and a total value average of $14.03 million. It gets Green back to the market a year earlier that Falcons receiver Julio Jones, who signed a five-year extension.
The new-money average exceeds Jones by $750,000 per year, and the total value surpasses the five-year, $14 million deals done by Dez Bryant and Demaryius Thomas in July. Both had played five years and were working under the franchise tag. Green has only four years of service.