Wednesday, September 2, 2015

Details of Jason Peters' Juicy New Deal

The numbers are in on the Jason Peters contract.

Details of Jason Peters' Juicy New Deal

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The numbers are in on the Jason Peters contract.

His 6-year deal is worth slightly more than $60 million, including $24.4 million in guaranteed money over the first 2 years of the contract.

He’ll get $21.5 million this year, including an $11 million signing bonus, and a guaranteed base salary of $10.5 million. His 2010 base salary of $2.9 million also is guaranteed. He also can collect an additional $1 million in 2010 in workout and other incentives.

The rest of his deal:
* 2011: $5.9 million in unguaranteed base salary, plus $350,000 in workout/other incentives.
* 2012: $7.9 million in unguaranteed base salary, plus same $350,000 workout/other incentives.
* 2013: $10.4 million in unguaranteed base salary, plus same $350,000 workout/other incentives.
* 2014: $9.65 million in unguaranteed base salary, plus same $350,000 workout/other incentives.

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The final 2 years of this deal are more for show than anything else, since he’s not likely to see them. By that point, depending on his performance level, the Eagles either will release him or try to restructure his deal. Peters will be 31 years old in 2013.

So, basically, it’s a 4-year/$39.9 deal if he collects all of his ``fat clause’’ (workout) incentives.

All in all, it worked out pretty well for the left tackle. He was scheduled to earn ``just’’ $7.4 million in the final 2 years of his deal with the Bills. Under his new deal, he’ll get $24.4 million in ’09-10. And he no longer has to live in Buffalo.

Can’t beat that.

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