Late last week DE Rob Ninkovich of the New England Patriots signed a 3 year contract extension that would keep him a Patriot through 2016. Via a League source with knowledge of the contract we have the full breakdown of the deal.
Ninkovich had been scheduled to earn $1.4 million in Paragraph 5 salary and was eligible for $900,000 in playtime incentives. Under his new contract the playing time incentive has been removed and he will receive a $5 million dollar signing bonus. He can also earn a $200,000 bonus if selected to the Pro Bowl.
In 2014 Ninkovich will have a base salary of $1 million which is fully guaranteed. He can earn a total of $250,000 in roster bonuses for each game active as well as a $100,000 workout bonus. He can receive up to $450,000 in incentives tied to playing time and the Pro Bowl.
In 2015 his base salary rises to $2.1 million, of which $1 million will be fully guaranteed if he is on the roster on the 5th day of the League Year. The same bonus and incentive structure exists.
In 2016 the Patriots reduced his base salary to $1.5 million and made the contract more incentive laden. His roster bonus increases from $250,000 to $300,000 and he can earn a total of $1.85 million in incentive payments.
All told the contract represents a base value of $10.7 million of which $6 million is fully guaranteed and $7 million is guaranteed. With $6.35 million of the total contract being paid out by the end of the first extension year the contract provides a strong cash flow for Ninkovich. The Patriots will lose $550,000 in 2013 cap room on the extension.
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.