NFL contracts aren’t what they seem.
49ers announced that they signed Jimmy Garopplo to a 5-Year $137.5 million deal, but they put in protections that if for whatever reason he flames out they can cut him in 2020 without penalty.
ESPN Adam Schefter breaks it all down.
Jimmy Garoppolo deal:
Signing bonus: $7 million.
Guaranteed roster bonus: $28M
2018 base salary: $6.2M (gtd)
Workout bonus: $600K
Per-game roster bonus: $800KYear 1 total: $42.6M
$74.1M injury guarantee already kicked in.2019 bass salary: $17.2M, $7.5M of which is guaranteed at signing.
2019: Workout bonus: $600K
Per-game roster bonus: $800KFor 2019, will make $18.6M for a 2-year total of $61.2M – $10M more than he would have received if he had been franchised two straight times.
2020 bass salary: $23.8M, $15.7M of which is guaranteed for injury.
If 49ers wanted, could cut him before April 1, 2020 and he would have made $61.2M and been a free agent.
2020 Workout bonus: $600K
Per-game roster bonus: $800K
At end of three seasons, he walks away with $86.4M.2021: $24.1M base salary
2021 Workout bonus: $600K
Per-game roster bonus: $800K
If he makes it to NFC Championship game or is first- or second-team All Pro, then a $7.5M injury guarantee kicks in.2022: $24.2M base salary
Workout bonus: $600K
Per-game roster bonus: $800KTotal is $137.5M.
Once 2020 kicks in, they can cut him at any time (assuming it isn’t because of injury) and be free clear. So, essentially he has a 2-year deal at $61.2 million or if you want to assume they will give him three years to prove himself a 3-year deal at $86.4 million.
Of course, if he becomes a superstar he will collect every dollar, and they will probably renegotiate a new deal after the 4th year.