Inside the Xavien Howard deal

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The Dolphins ripped up the three remaining years on cornerback Xavien Howard‘s deal. The new contract has been dubbed “historic” by some.

Our current goal isn’t to apply any labels, other than the truth as to what his old deal was, and what his new deal is.

Howard was due to make $39.308 million over the next three years. Here are the terms of the new deal, per a source with knowledge of the terms.

1. Signing bonus and roster bonus: $17.115 million.

2. 2022 base salary: $1.035 million, fully guaranteed.

3. 2023 base salary: $18.15 million, fully guaranteed.

4. 2024 roster bonus: $3 million, due second day of 2024 league year.

5. 2024 base salary: $15.4 million, $4 million of which guaranteed for injury at signing and becomes fully guaranteed on the third day of the 2024 league year.

6. 2025 roster bonus: $3 million, due second day of 2025 league year.

8. 2025 base salary: $13.65 million.

9. 2026 roster bonus: $3 million, due second day of 2026 league year.

10. 2026 base salary: $15.15 million.

11. 2022-26 workout bonus: $100,000 per year.

12: 2022-26 incentives: $1 million per year, based on achieving first-team All-Pro or initial ballot Pro Bowl.

He’ll make $55 million over the next three years. Of that amount, $36.3 million is full guaranteed at signing.

The five-year, $90 million contract has an $18 million annual average at the time of signing. The new-money average analysis becomes a little tougher to apply in this case, given that he received only two more years. That said, he’ll make (if the deal is fully honored by the team) more than $50 million more than he was due to earn. So it’s technically more than $25 million per year in new money. As a practical matter, however, it’s not a $25 million per year deal. It’s a $19 million per year contract after Howard got was he badly wanted — the cancellation of the prior deal.

And that’s significant. Teams rarely if ever replace a deal with three years remaining. The Dolphins did, without worry about the precedent it would set.

Which is smart. If a future player tries to do the same thing, the Miami response should be simple — perform as well as Xavien Howard, and we’ll talk.

9 responses to “Inside the Xavien Howard deal

  1. I’m so happy for these players taking the owners profits!! It’s great.

  2. Fair deal for all involved. And a smaller cap number for 2022. Should be an interesting season…

  3. I am so happy teams are wildly overpaying on long term deals because they can’t draft and players like the no income tax thingy so much, Florida teams will be bad or mediocre MOST of the team for this reason.

    Selfish players have been on the Dolphins for years and years and years.

    Thanks for Parker and the 5th! Cap hell was part of the reason why. lol

  4. I said it was effectively a 3 yr deal. And the numbers aren’t bad.

    Again Miami has 2 starting safeties on rookie contracts and their slot CB resigned.

    Miami has continuity on the defensive side of the ball for the next 2 years at least.

  5. X earned it, Grier promised to rework the deal last year. Glad they got it done.

  6. Miami has gotten a lot of holes filled and is set up well for the 2023 draft. 2 firsts, a second and 2 thirds. If Tua plays well we can trade down and get our picks back for the Hill deal. If Tua doesn’t we can bring in a QB on trade,or draft one.

  7. Remember when Darrel Revis was talked about as the greatest CB in the league? How many Super Bowls did his Jets team win all those years?

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