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Tyreek's Deal

srp1979

srp1979

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Here are the actual details regarding the Tyreek Hill deal. I still can't believe we got this guy. It's still sinking in. I can't wait to see Duper and Clayton 2.0!!!

1. Signing bonus: $25.5 million.

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

3. 2023 offseason roster bonus: $10 million, fully guaranteed.

4. 2023 base salary: $16 million, fully guaranteed.

5. 2024 base salary: $19.665 million, fully guaranteed by March 2023.

6. 2025 offseason roster bonus: $1 million.

7. 2025 base salary: $21.835 million.

8. 2026 offseason roster bonus: $1 million.

9. 2026 base salary: $43.9 million.

10. 2022-26 workout bonuses: $100,000 per year.

11. 2022-26 Pro Bowl incentive: $250,000 per year.

The deal pays out $52.535 million fully guaranteed at signing, with another $19.665 million fully guaranteed by March 2023.

Described by some as a four-year, $120 million extension, the inflated compensation package of $45 million for the final year of the deal helps get the contract to a new-money average of $30 million. Remove that season (it undoubtedly will be removed), and it’s a three-year, $75 million extension. That equates to a new-money average of $25 million.

In all, it’s a five-year, $140.435 million deal but, as a practical matter, a four-year, $95.435 million contract. The first three years are essentially guaranteed; the only way to avoid paying him $72.2 million through 2024 would be to cut him after one season, at a total expenditure of $52.535 million.
 
Great move by Grier and all involved. That's Waddle, Hill, Phillips,Holland, Mostart, Edmunds etc. And looking at Tretter hopefully
Oh and Armstead nice job trying to build a contender.
 
srp1979 said:
Here are the actual details regarding the Tyreek Hill deal. I still can't believe we got this guy. It's still sinking in. I can't wait to see Duper and Clayton 2.0!!!

1. Signing bonus: $25.5 million.

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

3. 2023 offseason roster bonus: $10 million, fully guaranteed.

4. 2023 base salary: $16 million, fully guaranteed.

5. 2024 base salary: $19.665 million, fully guaranteed by March 2023.

6. 2025 offseason roster bonus: $1 million.

7. 2025 base salary: $21.835 million.

8. 2026 offseason roster bonus: $1 million.

9. 2026 base salary: $43.9 million.

10. 2022-26 workout bonuses: $100,000 per year.

11. 2022-26 Pro Bowl incentive: $250,000 per year.

The deal pays out $52.535 million fully guaranteed at signing, with another $19.665 million fully guaranteed by March 2023.

Described by some as a four-year, $120 million extension, the inflated compensation package of $45 million for the final year of the deal helps get the contract to a new-money average of $30 million. Remove that season (it undoubtedly will be removed), and it’s a three-year, $75 million extension. That equates to a new-money average of $25 million.

In all, it’s a five-year, $140.435 million deal but, as a practical matter, a four-year, $95.435 million contract. The first three years are essentially guaranteed; the only way to avoid paying him $72.2 million through 2024 would be to cut him after one season, at a total expenditure of $52.535 million.
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Great post, thank you.
 
srp1979 said:
Here are the actual details regarding the Tyreek Hill deal. I still can't believe we got this guy. It's still sinking in. I can't wait to see Duper and Clayton 2.0!!!

1. Signing bonus: $25.5 million.

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

3. 2023 offseason roster bonus: $10 million, fully guaranteed.

4. 2023 base salary: $16 million, fully guaranteed.

5. 2024 base salary: $19.665 million, fully guaranteed by March 2023.

6. 2025 offseason roster bonus: $1 million.

7. 2025 base salary: $21.835 million.

8. 2026 offseason roster bonus: $1 million.

9. 2026 base salary: $43.9 million.

10. 2022-26 workout bonuses: $100,000 per year.

11. 2022-26 Pro Bowl incentive: $250,000 per year.

The deal pays out $52.535 million fully guaranteed at signing, with another $19.665 million fully guaranteed by March 2023.

Described by some as a four-year, $120 million extension, the inflated compensation package of $45 million for the final year of the deal helps get the contract to a new-money average of $30 million. Remove that season (it undoubtedly will be removed), and it’s a three-year, $75 million extension. That equates to a new-money average of $25 million.

In all, it’s a five-year, $140.435 million deal but, as a practical matter, a four-year, $95.435 million contract. The first three years are essentially guaranteed; the only way to avoid paying him $72.2 million through 2024 would be to cut him after one season, at a total expenditure of $52.535 million.
Click to expand...
well done.. thanks for the breakdown....
 
srp1979 said:
Described by some as a four-year, $120 million extension, the inflated compensation package of $45 million for the final year of the deal helps get the contract to a new-money average of $30 million. Remove that season (it undoubtedly will be removed), and it’s a three-year, $75 million extension. That equates to a new-money average of $25 million.

In all, it’s a five-year, $140.435 million deal but, as a practical matter, a four-year, $95.435 million contract. The first three years are essentially guaranteed; the only way to avoid paying him $72.2 million through 2024 would be to cut him after one season, at a total expenditure of $52.535 million.
Click to expand...

The 4 yrs 95 mil assumes that they're going to convert the roster bonus next season. Right now its a 3 yr 72 mil deal. They can take the hit next year if they want....just depends what path they want to go down.
 
ThePeopleShow13 said:
Grier and Co. did some fancy footwork with his and Armstead’s contracts. The huge numbers are deceiving when you actually break down the contracts (as the OP did).
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Grier has been great with contracts throughout his tenure. Even the ones that missed didn’t kill the team
 
These contracts are so ridiculous, and none of these players stay on those same contracts with same team.
 
Tyreek is one of four players since 1970 to record at least six touchdown catches in each of his first six NFL seasons, according to ESPN Stats & Information. The others are Randy Moss, Larry Fitzgerald and Marvin Harrison.

We may just have stolen away an NFL legend in his prime. Great day in Dolphins history. Very reminiscent of the Ricky Williams trade.
 
If you consider 2022 a restructure of Tyreek's existing deal, the new contract starting in 2023, and 2026 are purely funny money, Tyreek's deal is $68.5 million over three years. Take out the last two years of funny money in Davante Adams' contract, his deal is $67.5 millon over three years.

Adams' contract with the Raiders was the reset of the WR contract market. Tyreek inched above that.
 
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