Josh Norman gets $36.5 million fully guaranteed at signing

AP

No, Josh Norman didn’t get $50 million fully guaranteed at signing. But he ended up with a great deal, especially in light of his late entry to the market.

Per a source with knowledge of the deal, Norman will receive a $15 million signing bonus along with $36.5 million fully guaranteed, earned over the first two years. While that’s not $50 million (duh), it’s a great payout for a deal signed on April 22.

The first three years are strong as well. Norman will make $20 million through the first year, $37 million (if he earns a $500,000 46-man roster bonus in 2017, as he likely will) through 2017, and $51 million through 2018.

That’s more than Norman would have gotten under two years of the franchise tag in Carolina, where his $13.95 million tender in 2016 would have become $16.74 million in 2017, for a total of $30.69 million over two seasons.

If Washington chooses not to keep Norman through three years at $51 million (an average of $17 million per year), he’ll exit with $18.5 million per year over two. (They’ll have to make a decision early in his third year; the balance of his injury-only guarantee becomes fully-guaranteed on the fifth day of the 2018 league year.)

With the deal paying out $51 million over the first three years, the likelihood of Washington keeping Norman over the full five years increases, since he makes $11.5 million in 2019 and $12.5 million in 2020, numbers that will be well below the market for high-end cornerbacks by the end of the decade.

Factoring in the notion that Norman turns 29 in December and the sudden criticisms that emerged this week that he’s suited only for a zone system and isn’t a dominant man-to-man cover  corner, Norman cleaned up — especially since he landed on the market after the big money had flowed.

From Washington’s perspective, the deal will conjure memories of Albert Haynesworth, who signed a mammoth deal in 2009 and ended up being a colossal bust. If history has repeated itself, Norman’s $15 million signing bonus would allow a parting of the ways with a cap charge as low as $3 million in 2018, which would be followed by $6 million in 2019 dead money.

88 responses to “Josh Norman gets $36.5 million fully guaranteed at signing

  1. Not worth it. Very, very good corner who will be the best on that team for the next few years. Just not worth QB money.

  2. If I was sure that this 100% a Scot McLoughan signing I would really like this. Too many years of Daniel Snyder getting involved with football operations makes me fearful of this being the case again. Either way, I am a Skins fan. So, I am hoping it’s all Scot. But, it just smells of Danny. And he has screwed pretty much everything up.

  3. Just as the Cowboys are saying they’ll do a better job drafting guys with good character, the Redskins go out and sign this kid. Wouldn’t it be funny if a 15 yard penalty against Norman, ended up giving the Dallas the division title. Can’t wait for those matchups.

  4. If Dallas or New England had signed him it wouldve been the greatest signing ever!!!!!!…….Since its the Redskins theres gonna be tons of hate but peep this out……You can hate on the Redskins all you want to but this is an up and coming team that is going to do some damage!!!!!

  5. Did you folks even read the article? 36 million over three years and we can cut him with very little dead money. This deal is way more team friendly that original reports.

  6. I thought the Skins had cleaned up their act since the Fat Albert signing but it doesn’t look like it. Norman has one good year……and if you watched the games….as a zone system CB, it looks like Snyder just couldn’t help himself once again…..kinda like that guy in Dallas.

  7. Also to my other skins fans chill out. McCloughan signed nate clements to an 80$ mil deal back in 2008 when he was with the 9ers. He likes his corners. Anyone doubting him just needs to look at San Fran’s defense from those years and if you’re still not convinced have a gander at Seattle’s current defense. Chill out. Our gm is smarter than everyone in these comments.

  8. With the money Carolina saved by not signing Josh, does this mean that Camera Newton will feel entitled to a bigger payout from the Panthers?

  9. A lot more money than his career numbers indicate he deserves, but clearly he didn’t overplay his hand by refusing to take the Panthers offer… Looks like he knew his market “worth”… right Patrick Peterson?

  10. It’s not as bad as originally reported but it’s still far too much for a scheme guy. Daniel Spender appears to have suffered a relapse

  11. For the people knocking him the other night, I think you call that winning, lol. Also, it’s a good move for Washington because this is essentially a 3-year contract where they’ve just filled their biggest need by everyone’s account with one of the leagues best CBs who will play in a similar scheme to what he did in Carolina. Now, they can focus on stronger positions in this draft class like the DTs or more LBs instead of reaching for one of the tier 2 corners at their late first round pick. McCloughan playing chess while everybody else playing checkers again.

  12. thefootballgodssay says:
    Apr 23, 2016 10:02 AM
    Josh will have 3 bye weeks once when the redskins have theirs and two more times when they play the eagles #philly has no wideouts
    —————————
    Haha, there you go again. I’d worry more about Odell staying on the field and not throwing a toddler tantrum with a cheap shot.

  13. The problem is that if he’s there in year four and year five he’ll hold out for more money, just like sKam Chancellor did. He’ll conveniently forget about the signing bonus and front-loaded contract.

  14. romosmicrodongs says:
    Apr 23, 2016 10:04 AM
    Did you folks even read the article? 36 million over three years and we can cut him with very little dead money. This deal is way more team friendly that original reports.
    ———————

    I agree. When I first heard the deal, I thought it would be heavily backoaded. It’s not. It’s a lot for a guy who only had one great year really (and he’s known to be a bit of knucklehead) but it does not look like a crippling contract if it doesn’t work out. They can be out of it reasonably after two years.

  15. I bought a car once and it was expensive. After I had it a little while I decided I paid too much for it and it wasn’t worth it. I’m never going to buy a car again. The logic of many people on here.

  16. This clown isn’t even going to be in the league in 2020..much less make 12.5 million..

  17. ROFLCOPTER

    Bottom feeders who overpay free agents to insane levels and then wonder why they’re always terrible.

    Snyder, what moron.

  18. I use to think that Cowboy or 49’er fans were the most delusional, but after reading Washington football club fan responses, these guys take the cake.

    Do you even know who Billy Kilmer and Sonny Jurgenson are?

  19. IMO, this is not a bad deal, 3yrs/36mil, covers what should be still productive yrs and we all “know” they’ll cut him before he sees any part of the remaining 25mil….

  20. People hating cuz he signed with the Redskins. This deal is nowhere near as bad a Fat Albert. Haynesworth had no work ethic and got 100+ million. Not nearly as much risk here, folks. Also, the Redskins are a team on the rise. They went 9-7 last year and their D will be that much better with Norman. I’m a Bengals fan and I think it was a bold (and good) move. Now they have a guy to cover Dez Bryant and Odell Beckham 4 weeks a year.

  21. They could’ve brought in multiple free agents to help the team for what they just shelled out. Free agency has not worked for them ever. For the guy who thinks they are about to turn the corner… Should we revisit 2000 when they had signed multiple pro bowlers from the previous year… And then didn’t make the playoffs. What about when they signed big Al… Turned the corner then? Gave away a bounty in draft picks for RGIII… Turned the corner yet?????

  22. Call me kooky, but I’m gonna go ahead and trust a guy who built 2 Super Bowl teams over someone whose screen name is harrisonhits2

    Hail

  23. When contracts are reported, the guaranteed money usually includes the signing bonus no? He gets that signing bonus no matter what (15M) plus the money that is fully guaranteed (36.5M) which is 51.5M. So he gets the 51.5M guaranteed, why is this report seemingly refuting that?

  24. Almost every time a player signs a big contract there’s a chorus of arm chair GMs rushing to oclaim that it’s not worth it and the player is over paid. Which leads me to believe you guys no absolutely nothing about the NFL market. Russell Wilson’s contract was criticized. Russell Wilson. One of the best young QBs in the league and people on here was saying he wasn’t worth the money meanwhile the very next season Brock Osweiller signs a deal that only pays him $2 million less than a Superb owl winning QB who was a couple of yards short of being a back to back superbowl champ.

    You all know nothing about player evaluation and market worth. I’m sorry but when you repeatedly get shocked at the relatively low non guaranteed contracts when compared to MLB and the NBA….when you guys keep getting shocked at these contract numbers signings year after year it means you just don’t know a thing about the market. Yes… a corner like Norman coming off an all pro season and entering his prime will command a monster salary. I’m not sure why so many of you are clutching your pearls and feint in upon hearing that but it’s true and it’s the market.

  25. Lil Lord Fauntleroy getting involved again in football operations. This guy doesn’t know when to sit down, shut up and let his F.O. do what they’re psi to do. This is Albert Haynesworth all over again.

  26. realfootballfan says:
    Apr 23, 2016 10:15 AM
    Also, it’s a good move for Washington because this is essentially a 3-year contract where they’ve just filled their biggest need by everyone’s account with one of the leagues best CBs who will play in a similar scheme to what he did in Carolina.
    ——————————-

    It’s going to take more than adding Norman and Bruton to make that scheme successful. The ‘Skins are hardly possessed of Carolina’s pass rush.

  27. ghostofgilchrist ,
    You have that backward. Asomugha played man up with minimal safety help up top in Oakland while the Eagles asked him to play more zone, which he struggled with. Also, he was already 31 when he got to Philly. Washington essentially plays the same cover 3 scheme like Carolina and Seattle, so this fits him just fine. Let’s not act like he had pro Bowlers playing next to him in Carolina on the back end. They had to sign Courtland Finnegan just for depth late last year after Tilmman got hurt. He’s a poor man’s Sherman in that scheme, and they just got him to upgrade a bottom 5 pass defense so that now instead of drafting a CB early, they can beef up the front 7 more, which it already came a long way in year 1 under McCloughan’s drafting and moves. Culliver is now the nickel and you can get a developmental prospect later at CB for when this contract is revisited in 3 years.

  28. The final 2 years of his contract won’t be under value, he’ll either be cut for bad play, or he’ll hold out if he continues to be elite. No way he plays for those salaries.

  29. Damn… here we go again. I remember the last time an over-priced DB came to DC… only difference is he was wearing clown shoes.

  30. ghostofgilchrist says:
    Apr 23, 2016 10:21 AM

    Feels a little like the Nnamdi Asomugha siging by the Eagles awhile back, doesn’t it? Same rap…a zone guy, not a 1 on 1 lockdown.

    ———————————–

    Can’t believe this had 10 thumbs up and 0 thumbs down – Nnamdi was not a zone corner. He was an Al Davis -Raiders bump and run man RCB corner. Nnamdi sucked in zone coverage which the Eagles are known to favor.

    Josh Norman is a top 5 NFL corner but no corner is worth 12 plus because to be an elite secondary you need 3 solid ones in the current league.

  31. I still don’t understand the Panthers walking away from a 1 year 13 million dollar deal. 1 year deals are great for teams since the player is motivated to play hard to get the next contract.
    With 36.5 million dollars of guaranteed money, Norman could pull a Haynesworth if he wanted to.

  32. chesswhileyouplaycheckers ,
    Now, you can spend a number of those 12 draft picks they have in this draft on beefing up that front 7 even more after adding Smith last year who was very good as a rookie. McCloughan has built defenses this same way before in his sleep. I also agree with 6thsense10 about the value. This was their biggest need and they just got a top 5 CB in the game to fit into a scheme he plays well in instead of a green rookie that would have been rushed to duty. However, had they taken one of them, everyone would have been saying that was a great draft move. This does not cripple their cap and allows them to concentrate on deeper positions in this draft by a guy who is superb at picking especially defensive talent in McCloughan. Also to ghostofgilchrist , Asomugha played man up in Oakland, not zone. Anyone who knows an Al Davis CB knows it was a job necessity to even be on the team. Norman will not be switching to a different scheme like that as Washington essentially runs a similar scheme of cover 3 on the back end but less blitzing than Rivera and McDermott employ up front.

  33. I didn’t realize he was 29. That’s kind of stunning to me and a huge red flag. I had hardly even heard of him before last season. Leads me to believe the talk of him being a product of the system may be true.

    Never a good sign when the team that knows the most about you lets you go.

  34. 36 million over three years and we can cut him with very little dead money.

    —-

    No it’s 51 million over the first 3 years. That 36.5 is fully guaranteed on signing. They can cut him in year 3 – only having paid the 36.5 – BUT that’s not likely considering how much they paid up front.

    That’s Revis money. Revis had 38/39 mil fully guaranteed at signing.

  35. Now be smart. Take the top center first round and load up D front seven with the others. Let’s see what Cousins and the running game can do with an NFL caliber center. HTTR

  36. Josh Norman is a really good CB and will make the skins defense better but he just came from a stacked defense where KURT COLEMAN had 7 ints and were top 5 in rushing defense. Not to mention a sick pass rush which the redskins have struggled with. He isnt getting that type of help from the skins defense. I don’t think it will be worth it.

  37. I know 3 people happy he signed with Washington: Drew Brees, Jameis Winston, and Matt Ryan. But I’ll let the armchair GMs tell me he was a “1-year wonder” when the guy’s been good for 2-1/2 years now. It’s silly in Seattle when people try to knock how good Richard Sherman is because of the scheme he plays in, and he actually does have Earl Thomas covering sideline to sideline behind him. Norman has been in a similar scheme and has had no such thing or even close covering his back. Just ask your favorite QB about him, and they’ll tell you that they don’t like to throw that way.

  38. Stupid money from an owner and organization that has taken the term stupid to new levels for over 2 decades. This ought to work out well

  39. While its true he isnt worth this money, Washington needed to spend money somewhere over the next two seasons to meet the 4 year minimum cap. Those cap penalties they had pushed a bubble of salary cap money down the pipe they need to spend. I figured they would throw it at Cousins, but it makes more sense to spread it over a couple players.

  40. As a Giants fan, I can honestly say that Washington did what they had to do. They needed a CB badly, so they rolled the dice. They had the money, they spent it.

    For those making Snyder comments, and I’m no fan of the man, just what hasn’t he learned? Fans of other teams are getting worked up over what another team spends. Get over it.

  41. If the Redskins draft a pass rusher or a nose tackle who can step in and have an impact the defense will be much better; they have a first place schedule but in a division where two QB’s have trouble staying healthy (Romo and Bradford) and another is good and bad Eli is 5-1 out of the question? The Redskins split with Dallas and NY last year and swept Philly so…

  42. What makes you think he’ll still be a high end CB when he’s 32?
    He will probably still be good, and will be earning the prevailing wage for good CBs. And he’ll be over paid for 3 years.
    Terrible contract for the Redskins.

    >>With the deal paying out $51 million over the first three years, the likelihood of Washington keeping Norman over the full five years increases, since he makes $11.5 million in 2019 and $12.5 million in 2020, numbers that will be well below the market for high-end cornerbacks by the end of the decade.

  43. dirtydrynn27 says:
    Apr 23, 2016 10:03 AM
    If Dallas or New England had signed him it wouldve been the greatest signing ever!!!!!!…….Since its the Redskins theres gonna be tons of hate but peep this out……You can hate on the Redskins all you want to but this is an up and coming team that is going to do some damage!!!!!
    ————-
    The Patriots would not even sign Revis to that deal. Why would they sign a Revis-wannabe?

  44. Maybe Bob Griffin has a buyer for his house now. Perfect seeing how Norman will be another flash in the pan like Bob when he joins this average defense. Maybe Danny will be his friend too.

  45. This reminds me of Nnamdi Asomugha when he left the Raiders and signed with Eagles’ “Dream Team.” That didn’t turn out too well for the Eagles. However, Nnamdi had several Pro Bowls and All Pro years with the Raiders before getting a massive contract with the Eagles. Norman on the other hand only had one good year and Redskins will pay him like he’s Revis or Sherman. I’m glad Raiders got to sign Sean Smith before the Panthers rescinded the tag. I wanted Norman with the Raiders but not at the price Redskins are paying.

  46. This is why the Franchise Tag is not fair to the player it takes away the players rights to get the most possible dollars on the open market.. People loyalty is gone on both sides this is like any other business in America.

    Companies lose talent to other businesses all the time that they trained and developed and on the other hand do you really think any owner is crying up a river for Jaylen Smith?

    I praise Mr. Norman to seek all the guaranteed dollars he could get and the panthers can concentrate on building what they feel will make them better.

  47. But he is a no talent bum who would crawl back to his team according to most expert posters on here..

  48. tyrobjenkins says:
    Apr 23, 2016 10:02 AM
    Some teams never learn

    73 53

    Tell me how it hurts the Redskins? They are going in the right direction and it kills the haters. One big signing since Desean? New man in charge, sorry hater

  49. Lmao Redskin fans bringing up Odell is funny. Norman started that whole thing that day because he knew he couldn’t cover him. Odell was stupid to fall for it. Odell had 5 -76 and a TD and would of been 8 for 130+ 2 Tds if Norman didn’t go bush league. But don’t let facts get in the way. Gonna be fun watching Dez and OBJ toast that overpaid soon to be 30 CB. He won’t see year 3 of that contract he’s gonna get abused so much. Hail!! Pfft

  50. If Norman signs the same contract with the Panthers, no one would say a word. Haters are going to hate. Bottom line, every fan wished he would of signed with there team. It was this time last year when the Redskins were the laughing stock of the league. A year later Scott M. us already turning this team around.

  51. noringcircus says:
    Apr 23, 2016 2:43 PM
    This reminds me of Nnamdi Asomugha when he left the Raiders and signed with Eagles’ “Dream Team.” That didn’t turn out too well for the Eagles. However, Nnamdi had several Pro Bowls and All Pro years with the Raiders before getting a massive contract with the Eagles. Norman on the other hand only had one good year and Redskins will pay him like he’s Revis or Sherman. I’m glad Raiders got to sign Sean Smith before the Panthers rescinded the tag. I wanted Norman with the Raiders but not at the price Redskins are paying.
    _____________________________________

    I see people keep bringing this up. It’s not the same situation. Asomugha was a press man corner. The Eagles signed him and had him play primarily zone. Norman was a Cover 3 corner for the Panthers. The Redskins also play Cover 3. It may not work out by it’s not the same thing. The Redskins gave Norman big money to play in the same type of scheme. The Eagles gave Nmandi a bunch of money and then put him in a completely difference scheme.

  52. I see people keep bringing this up. It’s not the same situation. Asomugha was a press man corner. The Eagles signed him and had him play primarily zone. Norman was a Cover 3 corner for the Panthers. The Redskins also play Cover 3. It may not work out by it’s not the same thing. The Redskins gave Norman big money to play in the same type of scheme. The Eagles gave Nmandi a bunch of money and then put him in a completely difference scheme.

    Seems like a lot of people on here forget about or don’t want to pay attention to facts. If this was Scots decision then I am fine with it. I am sure he is in full control of this teams front office. Round 1-5 picks from 2015 either started or were major contributors to a playoff team. Talk crap about a deal that guy made for a top cover corner and a top need on the redskins roster, come on!

  53. Kevinjh81, Scot did the same thing SF. He gave Nate Clements big money. If you look at his history, he seems to place a lot of value on the secondary. The last two teams he helped develop (San Francisco and Seattle) had strong secondaries.

  54. The criticisms of him being a zone corner are from sudden. DeAndre Hopkins- among other players- were saying that all season.

  55. romosmicrodongs says:
    Apr 23, 2016 10:04 AM
    Did you folks even read the article? 36 million over three years and we can cut him with very little dead money. This deal is way more team friendly that original reports.

    ———-

    Did you read the article? It’s $37M over 2 years and $51M over three. Wow.

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