Jenny Vrentas of the Newark Star Ledger broke the details on Twitter:
LT Will Beatty re-signed with the Giants today on a 5-year, $37.5M deal (up to $38.75 w/incentives), per source. $19M fully guaranteed. #nyg
— Jenny Vrentas (@JennyVrentas) February 27, 2013
Jenny also has a great breakdown on NJ.com about thecash flows of the contract well worth the read.
Based on the report, Beatty’s base contract will carry an APY of $7.5 million which will rank 7th in the NFL among veteran Left Tackles (8th if you include Doug Free of the Cowboys. Where Beatty really wins is in his reported $19.5 million of fully guaranteed money which represents $50.67% of the entire base contract. Of those only Andrew Whitworth of the Bengals, who signed a 2 year extension that doesnt kick in until down the line, makes more than Beatty in that metric. Free also earned slightly more with $53.1% of his deal guaranteed. Among long term contracts. The guarantee per year of $3.8 million ranks 5th among veteran left tackles. 64% of the money will be earned in the first three years of the contract.
We will update Beatty’s status as more details become known, but on its face it looks like a good deal for both sides. In the meantime here is the overview of the Left Tackle market.
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.