2018 Salary Cap Charge: $2,833,333 % of 2018 Team Cap: 1.47% 2018 Cash Payout: $3,500,000 % of 2018 Team Cash Spending: 1.92% 2018 Cash to Cap Ratio: 1.24 Total Contract Value: $10,500,000 Annual Contract Value: $3,500,000 Position Ranking: 5/49 at 34DE Fully Guaranteed Money: $3,500,000 Age: 27 Height: 6' 4" Weight: 332 College: Colorado State-Pueblo Accrued Seasons: 4 Entry: 2014 Undrafted Free Agent (Packers) Year Signed: 2018 Contract Type: UFA Free Agency: 2021 (UFA)
Contract Notes
Mike Pennel signed a three year, $10.5 million contract with the Jets on March 18, 2018. Pennel received $3.5 million in guarantees which includes a $1.5 million signing bonus, $1.5 million 2018 salary, and $500,000 2018 roster bonus. The Jets can pick up an option on the 2019 and 2020 years by paying a $1 million option bonus. There are $250,000 in per game bonuses in both 2019 and 2020. Pennel can earn up to $1.5 million in escalators to increase the contract value to a maximum of $12 million.
Current Contract Year Age Base Salary (Guaranteed) Bonuses Cap Cap % Dead Money & Cap Savings
Cut (pre-June 1) Cut (post-June 1) Trade (pre-June 1) Trade (post-June 1) Restructure Extension
Prorated Roster Workout Other 2018 27 $1,500,000 $2,000,000 $833,333 $500,000 $0 $0 $2,833,333 1.6% $4,500,000
$2,833,333
$2,500,000
$833,333
$0
$0
($1,666,667)
$0
$333,333
$2,000,000
$806,667
$968,000
2019 28 $2,250,000 $833,333 $250,000 $0 $0 $3,333,333 1.8% $1,666,667
$833,333
$1,666,667
$833,333
$0
$0
$1,666,666
$2,500,000
$1,666,666
$2,500,000
$722,500
$1,156,000
2020 29 $3,250,000 $833,334 $250,000 $0 $0 $4,333,334 2.2% $833,334
$833,334
$833,334
$833,334
$0
$0
$3,500,000
$3,500,000
$3,500,000
$3,500,000
$0
$1,944,000
Total $7,000,000 $2,500,000 $1,000,000 $0 $0 $10,500,000
Embed This Contract
<iframe src="https://overthecap.com/contract-embed/3372/" width="600" height="275" frameborder="0" scrolling="no"></iframe>
Contract History
Career Earnings: $3,752,315 Years: 4 Career APY: $938,079 Team Contract Type Status Year Signed Yrs Total APY Amount Earned % Earned Effective APY Packers UDFA Expired 2014 3 $1,533,500 $511,167 $1,252,315 81.7% $417,438 Jets SFA Expired 2017 1 $1,000,000 $1,000,000 $1,000,000 100.0% $1,000,000 Jets UFA Active 2018 3 $10,500,000 $3,500,000 $1,500,000 14.3% $0
Earnings By Team Team Yrs Salary APY Paid on Cap % Paid on Cap Paid as Dead Money % Paid as Dead Money Packers 3 $1,252,315 $417,438 $1,251,147 0.0% $0 0.0% Jets 1 $2,500,000 $2,500,000 $875,000 0.0% $0 0.0%
Salary Cap History Year Team Base Salary (Guaranteed) Bonuses Cap Cap % Prorated Roster Workout Other 2014 Packers $420,000 $1,166 $0 $0 $0 $421,166 0.3% 2015 Packers $510,000 $1,166 $0 $0 $0 $511,166 0.4% 2016 Packers $600,000 $1,168 $0 $0 $0 $318,815 0.2% 2017 Jets $690,000 $0 $260,000 $50,000 $0 $875,000 0.5% 2018 Jets $1,500,000 $2,000,000 $833,333 $500,000 $0 $0 $2,833,333 1.6% 2019 Jets $2,250,000 $833,333 $250,000 $0 $0 $3,333,333 1.8% 2020 Jets $3,250,000 $833,334 $250,000 $0 $0 $4,333,334 2.2% Total $9,220,000 $2,503,500 $1,260,000 $50,000 $0 $12,626,147
Statistics (2014-present) Year Games Played Snaps Tackles Negative Plays Interceptions Fumbles TD Defense Special Solo Assist Sacks Yards TFL QB Hits Pass Def. INT Yards Forced Recovered Yards 2014 13 15.7% 18.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 2015 16 27.4% 12.9% 13 8 1 0 1 4 0 0 0 1 0 0 0 2016 8 9.9% 8.1% 5 2 0 0 3 1 1 0 0 0 0 0 0 2017 16 27.2% 26.8% 0 0 0 0 0 0 0 0 0 0 0 0 0
Financial Reports Yearly Cap Charge vs. Dead Money (pre-June 1 cut)
[{"Year":"2018","CP":"2833333","DM":"4500000"},{"Year":"2019","CP":"3333333","DM":"1666667"},{"Year":"2020","CP":"4333334","DM":"833334"}]
Positional Comparisons to League Average
{"Name":"Mike Pennel","Position":"34DE","Total":"10500000","APY":"3500000","Guarantee":"3500000","avg_total":"8247595","avg_APY":"2293536","avg_guaranteed":"2940775"}
