Last week Ian Rapoport of NFL.com reported that Raiders FB Marcel Reece signed a contract extension that would provide for the largest guarantee ever for a Fullback. We now can share the details of the contract.
According to a league source Reece will now earn $12.45 million over the next four seasons with an opportunity to max the contract out at $12.95 million via Pro Bowl incentives. Reece was scheduled to earn $1.423 million in 2013, so the new money in the contract is actually $11,027,000. Upon signing the contract Reece is guaranteed $4,116,294, which is comprised of a $3.52 million signing bonus and the balance of his Paragraph 5, which was reduced to $630,000.
Reece’s $2.95 million salary In 2014 is guaranteed for injury only but will vest on the 3rd day of the League Year and be protected for skill, injury, and salary cap termination. In 2015 the base salary is $2.55 million and in 2016 it will be $2.6 million. Reece can earn workout bonuses of $50,000 each year.
While these numbers are lower than the initial reports, these are still very strong numbers for a Fullback in the NFL and the highest full guarantee upon signing given to a FB that I can recall.
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.