Jenny Vrentas of the Newark Star Ledger broke the details on Twitter:
LT Will Beatty re-signed with the Giants today on a 5-year, $37.5M deal (up to $38.75 w/incentives), per source. $19M fully guaranteed. #nyg
— Jenny Vrentas (@JennyVrentas) February 27, 2013
Jenny also has a great breakdown on NJ.com about thecash flows of the contract well worth the read.
Based on the report, Beatty’s base contract will carry an APY of $7.5 million which will rank 7th in the NFL among veteran Left Tackles (8th if you include Doug Free of the Cowboys. Where Beatty really wins is in his reported $19.5 million of fully guaranteed money which represents $50.67% of the entire base contract. Of those only Andrew Whitworth of the Bengals, who signed a 2 year extension that doesnt kick in until down the line, makes more than Beatty in that metric. Free also earned slightly more with $53.1% of his deal guaranteed. Among long term contracts. The guarantee per year of $3.8 million ranks 5th among veteran left tackles. 64% of the money will be earned in the first three years of the contract.
We will update Beatty’s status as more details become known, but on its face it looks like a good deal for both sides. In the meantime here is the overview of the Left Tackle market.