• 2018 Salary Cap Charge: $2,833,333
  • % of 2018 Team Cap: 1.46%
  • 2018 Cash Payout: $3,500,000
  • % of 2018 Team Cash Spending: 1.95%
  • 2018 Cash to Cap Ratio: 1.24
  • Total Contract Value: $10,500,000
  • Annual Contract Value: $3,500,000
  • Position Ranking: 2/14 at 34DT
  • 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

YearAgeBase Salary (Guaranteed)BonusesCap
Number
Cap %
Dead Money & Cap Savings
ProratedRosterWorkoutOther
201827$1,500,000 $2,000,000$833,333$500,000$0$0$2,833,3331.6%
201928$2,250,000$833,333$250,000$0$0$3,333,3331.8%
202029$3,250,000$833,334$250,000$0$0$4,333,3342.2%
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>
Career Earnings: $3,752,315
Career APY: $938,079
Potential Earnings: $12,752,315
Total Guarantees: $3,500,000
Largest Cash Payment: $3,500,000 (2018)
Largest Cap Hit: $4,333,334 (2020)

Contract History

TeamContract TypeStatusYear SignedYrsTotalAPYAmount Earned% EarnedEffective APY
PackersUDFAExpired20143$1,533,500$511,167$1,252,31581.7%$417,438
JetsSFAExpired20171$1,000,000$1,000,000$1,000,000100.0%$1,000,000
JetsUFAActive20183$10,500,000$3,500,000$1,500,00014.3%$0
Earnings By Team
TeamYrsSalaryAPYPaid on Cap% Paid on CapPaid as Dead Money% Paid as Dead Money
Packers3$1,252,315$417,438$1,251,1470.0%$00.0%
Jets1$2,500,000$2,500,000$875,0000.0%$00.0%

Salary Cap History    

YearTeamBase Salary (Guaranteed)BonusesCap
Number
Cap %Cash Due
ProratedRosterWorkoutOther
2014Packers$420,000$1,166$0$0$0$421,1660.3%$423,500
2015Packers$510,000$1,166$0$0$0$511,1660.4%$510,000
2016Packers$600,000$1,168$0$0$0$318,8150.2%$318,815
2017Jets$690,000$0$260,000$50,000$0$875,0000.5%$1,000,000
2018Jets$1,500,000 $2,000,000$833,333$500,000$0$0$2,833,3331.6%$3,500,000
2019Jets$2,250,000$833,333$250,000$0$0$3,333,3331.8%$3,500,000
2020Jets$3,250,000$833,334$250,000$0$0$4,333,3342.2%$3,500,000
Total$9,220,000$2,503,500$1,260,000$50,000$0$12,626,147 $12,752,315

Statistics

YearGames PlayedSnapsTacklesNegative PlaysInterceptionsFumblesTD
DefenseSpecialSoloAssistSacksYardsTFLQB HitsPass Def.INTYardsForcedRecoveredYards
20141315.7%18.0%0000000000000
20151627.4%12.9%13810140001000
201689.9%8.1%5200311000000
20171627.2%26.8%0000000000000
2018620.5%24.9%3100000000000

Financial Reports

Yearly Cap Charge vs. Dead Money (pre-June 1 cut)
Positional Comparisons to League Average