Terron Armstead

Left Tackle

  • 2018 Salary Cap Charge: $10,500,000
  • % of 2018 Team Cap: 5.87%
  • 2018 Cash Payout: $10,300,000
  • % of 2018 Team Cash Spending: 6.25%
  • 2018 Cash to Cap Ratio: 0.98
  • Total Contract Value: $65,000,000
  • Annual Contract Value: $13,000,000
  • Position Ranking: 0/13 at LT
  • Fully Guaranteed Money: $20,880,000
  • Age: 27
  • Height: 6' 5"
  • Weight: 304
  • College: Arkansas-Pine Bluff
  • Accrued Seasons: 6
  • Entry: 2013 Draft, Round 3, #75 overall (Saints)
  • Year Signed: 2016
  • Contract Type: Extension
  • Free Agency: 2022 (UFA)

Contract Notes

Terron Armstead signed a five year, $65 million extension with the Saints on May 4, 2016. Armstead received $38 million in guarantees of which $20.88 million is fully guaranteed upon signing. The guarantee consists of an $11 million signing bonus, his 2016 and 2017 P5s, and  $5 million roster bonus due in 2017.  If Armstead is on the roster on the 2nd day of the 2017 League Year, $6.2 million of his 2018 salary becomes fully guaranteed with the balance vesting on the 3rd day of the 2018 legue year. If Armstead is on the roster on the 3rd day of the 2019 League Year another $6.92 million becomes fully guaranteed. From 2019 to 2021 Armstead can earn roster bonuses for being on the roster on the 3rd day of each respective season and also has annual $500,000 per game roster bonuses.

According to ESPN's Field Yates, Armstead converted a $5 million roster bonus for 2017 into a signing bonus. The move creates $4 million in cap space for the Saints in 2017 but adds on $1 million in cap charges to each of the remaining years of the contract.

Armstead converted $4 million of his 2018 salary into a signing bonus. The move created $3 million in 2018 cap space for the Saints. Armstead's cap number will increase by $1 million in each of his final three seasons.

Current Contract

Year Age Base Salary (Guaranteed) Bonuses Cap
Number
Cap %
Dead Money & Cap Savings
Prorated Roster Workout Other
2016 25 $680,000 $680,000 $2,354,359 $0 $41,000 $0 $3,075,359 2.0%
2017 26 $4,200,000 $4,200,000 $3,200,000 $0 $100,000 $0 $7,500,000 4.5%
2018 27 $6,200,000 $6,200,000 $4,200,000 $0 $100,000 $0 $10,500,000 5.9%
2019 28 $10,700,000 $4,200,000 $1,000,000 $100,000 $0 $16,000,000 8.4%
2020 29 $10,700,000 $4,200,000 $1,000,000 $100,000 $0 $16,000,000 8.0%
2021 30 $10,150,000 $2,000,000 $1,500,000 $100,000 $0 $13,750,000 --
Total $42,630,000 $20,154,359 $3,500,000 $541,000 $0 $66,825,359
Embed This Contract
<iframe src="https://overthecap.com/contract-embed/2308/" width="600" height="374" frameborder="0" scrolling="no"></iframe>
Career Earnings: $33,483,436
Career APY: $5,580,573
Potential Earnings: $68,833,436
Total Guarantees: $21,497,436
Largest Cash Payment: $11,800,000 (2019)
Largest Cap Hit: $16,000,000 (2019)

Contract History

Team Contract Type Status Year Signed Yrs Total APY Guarantees Amount Earned % Earned Effective APY
Saints Drafted Renegotiated 2013 4 $2,867,436 $716,859 $617,436 $2,162,436 75.4% $720,812
Saints Extension Active 2016 5 $65,000,000 $13,000,000 $20,880,000 $31,321,000 48.2% $10,440,333
Earnings By Team
Team Yrs Salary APY Paid on Cap % Paid on Cap Paid as Dead Money % Paid as Dead Money
Saints 6 $33,483,436 $5,580,573 $23,083,436 0.0% $0 0.0%

Salary Cap History    

Year Team Base Salary (Guaranteed) Bonuses Cap
Number
Cap % Cash Due
Prorated Roster Workout Other
2013 Saints $405,000 $154,359 $0 $0 $0 $559,359 0.5% $1,022,436
2014 Saints $525,000 $154,359 $0 $0 $0 $679,359 0.5% $525,000
2015 Saints $615,000 $154,359 $0 $0 $0 $769,359 0.5% $615,000
2016 Saints $680,000 $680,000 $2,354,359 $0 $41,000 $0 $3,075,359 2.0% $11,721,000
2017 Saints $4,200,000 $4,200,000 $3,200,000 $0 $100,000 $0 $7,500,000 4.5% $9,300,000
2018 Saints $6,200,000 $6,200,000 $4,200,000 $0 $100,000 $0 $10,500,000 5.9% $10,300,000
2019 Saints $10,700,000 $4,200,000 $1,000,000 $100,000 $0 $16,000,000 8.4% $11,800,000
2020 Saints $10,700,000 $4,200,000 $1,000,000 $100,000 $0 $16,000,000 8.0% $11,800,000
2021 Saints $10,150,000 $2,000,000 $1,500,000 $100,000 $0 $13,750,000 -- $11,750,000
Total $44,175,000 $20,617,436 $3,500,000 $541,000 $0 $68,833,436   $68,833,436

Statistics

Year Games Played Snaps
Offense Special
2013 6 12.2% 5.9%
2014 14 73.4% 7.9%
2015 13 80.2% 2.6%
2016 7 34.4% 1.9%
2017 10 52.3% 0.0%
2018 10 57.3% 0.0%

Financial Reports

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