Inside the new Jalen Ramsey deal

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The details of the new Jalen Ramsey deal are in.

As expected, he has picked up significant new guarantees. As expected, he has reduced his cash in 2023, in order to create more cap space. As expected, we have the numbers.

Ramsey was due to make $17 million in 2023, $18.5 million in 2024, and $19.5 million in 2025.

Here are the new terms, per a source with knowledge of the deal.

1. Signing bonus: $8.835 million.

2. 2023 base salary: $1.165 million, fully guaranteed.

3. 2024 offseason roster bonus: $11 million, fully guaranteed.

4. 2024 base salary: $14.5 million, fully guaranteed.

5. 2025 offseason roster bonus: $4 million.

6. 2025 base salary: $15.5 million.

The contract continues to include $2.5 million escalators for 2024 and 2025.

Before the trade, Ramsey had $5 million in full guarantees remaining. After the trade, he now has $35.5 million in full guarantees.

Also, the Dolphins got some significant cap relief for 2023. Instead of having Ramsey could for $17 million, his new cap number is $4.11 million. That’s a reduction of $12.89 million.

To make it happen, Ramsey gave up $7 million in cash this year. But he’ll get it all back in 2024. His 2025 terms are unchanged.

10 responses to “Inside the new Jalen Ramsey deal

  1. Hey, let’s always give credit where and when it’s due: thank you Mike Florio. Very few in the business are as clear.

  2. What do you mean expensive rental? 4 mil for salary hot this year. 15 for an elite CB next year is just fine. He’ll be in Teal at least 3 years. Pats fans have to be Salty. Mac Jones and Devante Parker bawahahaha

  3. Seems fair for both player and the team. Dolphins might be scary this year if they can start healthy.

  4. They can cut him after 2 years with minimal dead money. Seems like a good deal for both sides. He can’t be cut this year or next year.

  5. The Rams let themselves get fleeced in this trade. The cap impact isn’t huge and Ramsey is worth more than a 3rd round pick. It makes me wonder if there is a behind the scenes agreement with Miami about another deal? But trading Ramsey to where he wanted to go and making the deal work shows respect for his contributions to the Rams. We’ll miss him here.

    I think Brad Holmes played a bigger role in acquiring talent for the Rams than originally believed.

  6. ‘I think Brad Holmes played a bigger role in acquiring talent for the Rams than originally believed.’

    Yeah, well, given the opportunity to trade for Jalen Ramsey himself, he couldn’t pull it off.

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