Per Rand Getlin the C0wboys have extended receiver Cole Beasley to a 4 year extension worth $13.6 million.
Sources: The #Cowboys and WR Cole Beasley have agreed to terms on a 4-year deal worth $13.6M with $7M in guarantees and a $4M signing bonus.
— Rand Getlin (@Rand_Getlin) March 3, 2015
Beasely was set to be a restricted free agent in 2015 and most assumed the Cowboys would have placed the second round tender on him, which would cost the team $2.356 million against the cap. An extension can provide a win-win for both sides as Dallas can account for the contract favorably against their cap while Beasley will earn more money than he would have on the tag.
According to the report Beasley received a $4 million signing bonus and I would assume the minimum salary of $660,000. That would make his first year cap charge $1.66 million, a savings of about $700,000 which can come in handy for a team that is not flush with cap space. If that estimate is correct then his second year cap charge should be $3.34 million.
The $3.4 million annual value on the deal comes in just under Jeremy Kerley’s recent extension with the Jets at 4 years and $16 million. Both contracts contain incentives that can increase the value and its likely that Beasley’s contract was modeled somewhat after Kerley’s. We’ll update Beasley’s cap page whenever we receive more details on the contract.