Broncos’ Center Manny Ramirez signed a two year extension two days ago and we can now report the full numbers on the contract. Per a league source Ramirez’ contract is worth $3.15 million in base value with potential to earn an additional $2.85 million in incentives over the life of the contract.
Ramirez’ base salary remains intact in 2013 and he also received a $500,000 signing bonus. The signing bonus is the only portion of the contract that is guaranteed, though his salary for the current season is essentially guaranteed anyway. Ramirez now has a playtime incentive worth $250,000 in 2013. His base salary in 2014 will be $1.25 million and he can earn an additional $1 million in playtime incentives. In 2015 Ramirez’ base salary will be $1.4 million and the incentive rises to $1.6 million.
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.