Inside the Nick Chubb deal

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The Browns and running back Nick Chubb worked out a win-win compromise, as Chubb entered the final year of his rookie deal.

Here’s a look at what he’ll get on the three-year extension, which puts him under contract through 2024.

1. Signing bonus: $12 million.

2. 2021 base salary: $920,000, fully guaranteed at signing.

3. 2022 option bonus: $3 million, fully guaranteed.

4. 2022 base salary: $1.213 million, fully guaranteed at signing.

5. 2023 base salary: $10.85 million, $2.866 million of which becomes fully guaranteed on the third day of the 2022 league year.

6. 2024 base salary: $11.775 million.

7. 2024 per-game roster bonus: up to $425,000.

8. 2024 incentive: $500,000 for rushing 1,300 yards.

The deal guarantees $17.133 million over the first two years. As a practical matter, $20 million is fully guaranteed — unless the Browns cut Chubb after 2021.

It’s a major investment for the Browns, more than I thought they’d make. The analytics-obsessed front office easily could have decided that, dollar for dollar, they’d be better off letting Chubb walk in free agency and drafting a replacement, especially with Kareem Hunt on the roster. For Chubb, he shifted the ever-present injury risk (especially at the running back position) to the Browns and got his financial reward.

Chubb comes in at No. 6 in new-money average, behind Christian McCaffrey ($16 million), Ezekiel Elliott ($15 million), Alvin Kamara ($15 million), and Dalvin Cook ($12.6 million). Joe Mixon and Aaron Jones fall to tie for No. 7 at $12 million per year in new money.

4 responses to “Inside the Nick Chubb deal

  1. Those 23 and 24 numbers are a fairy tale, so this really doesn’t look that bad. Sure, his career can end on any given play, but if they assume he’s got at least 2 more years until things go downhill, it should turn out OK.

  2. Basically the Browns are paying Chubb $20 million over the next two seasons, and then they have an option for each of the two years after that, especially if they accelerate the signing bonus so that there’s no dead money on the back-end. Very good deal for the Browns assuming Chubb stays healthy.

  3. God bless Nick Chubb. You are the best back in the league. Bring a title to Cleveland. You will forever be a hero.

  4. As much as people throw around the analytics term when talking about the Browns the front office seems to have a good handle on intangibles. They’ve by and large made commitments to guys that are quality people and leaders. Analytics doesn’t speak to that but it’s clear to me they’ll put out money for it.

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