The Raiders continued their special teams extension when the locked up Long Snapper Jon Condo to a three year contract worth $3.2 million. The $1.067 annual value places Condo near the top of the position in terms of annual salary and with 53% of the contract guaranteed, his guarantee is exceptionally high. The guarantee consists of a $710,000 signing bonus and fully guaranteed base salaries $840,000 and $150,000 in 2013 and 2014, respectively.
The guarantee can be a bit misleading as Condo was scheduled to earn $1.2 million this year which he was virtually guaranteed to earn since he was going to be on the Raiders this season. Taking that into account the added guarantee is just $500,000 which is much more realistic way to look at the contract.
Oakland actually creates $182,500 in cap space with the extension due to lowering his base salary and including a prorated bonus in the new contract.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.