According to multiple outlets the Jets and wide receiver Jeremy Kerley have agreed to a four year contract extension worth $16 million with $5.4 million of the contract guaranteed.
The reported numbers put Kerley right below recent contracts signed by Julian Edelman ($4.25M per year) and Doug Baldwin ($4.33M). The total dollar figure and guarantee seem to indicate a contract very similar to the one signed by Andre Roberts with the Washington Redskins at $16 million with a $5.25 million guarantee.
I would assume Kerley’s $5.4 million guarantee is a true guarantee and not a combination of full and injury only guarantees based on the other contracts. Kerley’s salary this season was $1.431 million following his earning of the Proven Performance Escalator, and if I had to venture a guess would imagine is now guaranteed. That would leave a signing bonus in the region of $4-$4.6 million depending on how much, if any is guaranteed, in 2015. Regardless the cap hits on the contract should be very reasonable for the Jets.
Kerley is one of the few bright spots in recent years on the Jets. He developed nicely since being drafted in 2011 into the best receiver on the team and I believe would have put up very strong numbers on a better offense. Following the trade for Percy Harvin I had assumed that it would have meant the end for Kerley in Jet green, but the front office must believe the two can complement each other in the office.
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.