Numbers are slowly trickling in on the signings from the past few days and we were able to track down a few of them from a league source. John Abraham officially signed a two year contract worth $4.6 million with the Arizona Cardinals. The only guaranteed portion of the contract is a $1 million dollar signing bonus that is prorated for two years for salary cap purposes. Abraham is also due a $100,000 roster bonus which I would assume is for games active. Abraham’s 2013 salary is $1 million, making his cash takehome in 2013 just $2.1 million.
In 2014 Abraham will carry a non guaranteed base salary of $2.5 million. He also has an escalator available plus incentives. As Abraham learned last season season achieving an escalator could lead to release, as escalators are often not guaranteed once earned for prior years performance.
This is a tremendous deal for the Cardinals as Abraham was an effective situational pass rusher for the Falcons last season and at the most will be a $2.1 million dollar one year rental. Dwight Freeney will cost the Chargers over $5 million dollars in 2013 while Osi Umenyiora will cost Abraham’s former team $5 million.
In addition the Cardinals also signed RT Eric Winston to a contract worth just $1.25 million. The only guarantee for Winston is a $160,000 signing bonus. His base salary for the season is $840,000 and he also has a roster bonus worth up to $250,000. The contract contains $750,000 in incentives, which are valued as “Likely To Be Earned” and thus count towards the cap in 2013, pushing Winston’s 2013 cap charge to $2 million. If Winston does not actually earn the incentive during the year the Cardinals salary cap will be credited for the difference in 2014.
Winston started 16 games for Kansas City in 2012 and has not missed a game since 2006, which should give him a strong chance to earn the extra $750,000. This is another low risk and potentially high reward contract for the Cardinals.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.