|
Cant wait for Geno to get his ACL torn by Dontari Poe. Then Clay will bitch about how we need to take Marcus Mariota
Also Here is how Alex Smith Contract Breaks down
Signing bonus: $18 million
2014: $1 million
2015: $11.9 million
2016: $14.1 million
2017: $10.2 million (+ $2 million roster bonus)
2018: $14.5 million (+ $2 million roster bonus)
The $18 million signing bonus and $1 million 2014 salary is fully guaranteed.
If he is on the roster on the third day of the 2015 league year (next March - very likely), his 2015 and 2016 salaries totaling $26 million become fully guaranteed, according to La Canfora's report.
Those figures total the reported $45 million guaranteed and his three-year pay-out. You hear people talk about the three year pay-out because NFL contracts aren't real contracts and teams will just cut players with few penalties in the back end of contracts.
Smith's previous cap number was $8 million. If the signing bonus pro-rates over the life of the deal ($3.6 million per year) and you add in his 2014 salary ($1 million) that comes out to a $4.6 million cap hit this year, which actually saves the Chiefs money against the cap. Funny how contracts work, huh?
|