Terron Armstead

Left Tackle

  • 2019 Salary Cap Charge: $15,812,500
  • % of 2019 Team Cap: 8.33%
  • 2019 Cash Payout: $11,800,000
  • % of 2019 Team Cash Spending: 8.50%
  • 2019 Cash to Cap Ratio: 0.75
  • Total Contract Value: $65,000,000
  • Annual Contract Value: $13,000,000
  • Position Ranking: 8/83 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

(📝: indicates contract trigger occuring during that year)
YearAgeBase SalaryProrated BonusRoster BonusPer Game Roster BonusWorkout BonusGuaranteed SalaryCap
Number
Cap %
Dead Money & Cap Savings
201625$680,000$2,354,359$0$0$41,000$680,000$3,075,3592.0%
201726$4,200,000$3,200,000$0$0$100,000$4,200,000$7,500,0004.5%
201827$6,200,000$4,200,000$0$0$100,000$6,200,000$10,500,0005.9%
2019 📝
March 15: Base salary becomes fully guaranteed
March 15: $500,000 roster bonus is due
28$10,700,000$4,200,000$500,000$500,000$100,000$7,420,000$15,812,5008.4%
2020 📝
March 13: $500,000 roster bonus is due
29$10,700,000$4,200,000$500,000$500,000$100,000$0$16,000,0008.0%
2021 📝
March 12: $1 million roster bonus is due
30$10,150,000$2,000,000$1,000,000$500,000$100,000$0$13,750,000--
Total$42,630,000$20,154,359$2,000,000$1,500,000$541,000$18,500,000$66,637,859
Embed This Contract
<iframe src="https://overthecap.com/contract-embed/2308/" width="600" height="389" 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 (2020)

Contract History

TeamContract TypeStatusYear SignedYrsTotalAPYGuaranteesAmount Earned% EarnedEffective APY
SaintsDraftedRenegotiated20134$2,867,436$716,859$617,436$2,162,43675.4%$720,812
SaintsExtensionActive20165$65,000,000$13,000,000$20,880,000$31,321,00048.2%$10,440,333
Earnings By Team
TeamYrsSalaryAPYPaid on Cap% Paid on CapPaid as Dead Money% Paid as Dead Money
Saints6$33,483,436$5,580,573$23,083,4360.0%$00.0%

Salary Cap History

YearTeamBase SalaryProrated BonusRoster BonusPer Game Roster BonusWorkout BonusGuaranteed SalaryCap
Number
Cap %Cash Paid
2013Saints$405,000$154,359$0$0$0$0$559,3590.5%$1,022,436
2014Saints$525,000$154,359$0$0$0$0$679,3590.5%$525,000
2015Saints$615,000$154,359$0$0$0$0$769,3590.5%$615,000
2016Saints$680,000$2,354,359$0$0$41,000$680,000$3,075,3592.0%$11,721,000
2017Saints$4,200,000$3,200,000$0$0$100,000$4,200,000$7,500,0004.5%$9,300,000
2018Saints$6,200,000$4,200,000$0$0$100,000$6,200,000$10,500,0005.9%$10,300,000
2019Saints$10,700,000$4,200,000$500,000$500,000$100,000$7,420,000$15,812,5008.4%$11,800,000
2020Saints$10,700,000$4,200,000$500,000$500,000$100,000$0$16,000,0008.0%$11,800,000
2021Saints$10,150,000$2,000,000$1,000,000$500,000$100,000$0$13,750,000--$11,750,000
Total$44,175,000$20,617,436$2,000,000$1,500,000$541,000$18,500,000$68,645,936$68,833,436

Statistics

YearGames PlayedSnaps
OffenseSpecial
2013612.2%5.9%
20141473.4%7.9%
20151380.2%2.6%
2016734.4%1.9%
20171052.3%0.0%
20181057.3%0.0%

Financial Reports

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