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.