Last week the Jaguars extended DT Sen’Derrick Marks that would keep him in Jacksonville through 2017. Marks had signed a 1 year contract worth $1.5 million with the Jaguars in 2013 in hopes of proving he was worth a big extension and that decision paid off for Marks who whose new contract with Jacksonville carries a $18 million base value, according to a source with knowledge of the contract.
Marks received a $1 million signing bonus, $200,000 of which was prorated in the 2013 season. Upon signing that was the only fully guaranteed money, though there are vesting guarantees that immediately kick in starting in April of 2014, really making the first year of the contract fully guaranteed.
Marks’ base salary of $3 million in 2014 is currently guaranteed for injury only, but will become fully guaranteed on April 5th. He will also earn a $1 million roster bonus on the 1st day of the new League Year that is also essentially guaranteed given the timing of the bonus. He has the same contract structure in 2015 with the money becoming fully guaranteed on April 5. In 2016 and 2017 his salary for the year jumps to $3.45 million and the contract contains the same roster bonuses, however none of this money is guaranteed.
Marks’ contract contains incentives that can increase the total value to $22 million. To earn those incentives he would be required to make the Pro Bowl and register a certain number of sacks each season.
This contract is a good deal for both sides. Marks will be paid in the mid range of the starting Defensive Tackles in the NFL which is a big jump from where he was last season. If Marks proves to be a one season wonder the Jaguars can walk away from the contract after just one season paying him $5.025 million and only carrying $600,000 in dead money in 2015 by doing so. I would imagine that the small amount of signing bonus in the contract was designed to maintain that long term protection from getting into salary cap trouble in the future.
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.