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March 12, 2014 at 11:32 AM

OvertheCap with breakdown of Michael Bennett’s contract

If you’re really into the salary cap aspect of what is going on with NFL free agency right now, OverTheCap.com is providing some good analysis, including updated overviews of contracts as it gets them.

That includes this  breakdown of the contract signed on Monday by Michael Bennett:

As OTC writes:

Bennett received an $8 million signing bonus and a fully guaranteed base salary in 2014. Another $6 million is guaranteed for injury only and will become fully guaranteed if Bennett is on the roster 5 days after the 2014 Super Bowl. The contract also contains roster bonuses in 2016 and 2017 that are earned by participation in games. Base salaries of the contract are $2,000,000(2014), $6,000,000(2015), $4,000,000(2016), and $6,000,000(2017).

For all intents and purposes, this is a two-year deal with $16 million guaranteed.  The structure of the contract says there’s a very good chance it turns into a three-year deal worth $21 million deal. His cap hit in 2017—the contract’s final year in which Bennett will turn 33—is $9,500,000. Considering Seattle would absorb just a $2 million cap hit in 2017, Bennett being released after the 2016 year is a likely scenario. However, 2017 is a long ways away.

OTC further breaks down Bennett’s cap number the next few years this way:

2014: $4 million

2015: $8 million

2016: $7 million

2017: $9.5 million

That works out to an average of just over $7 million per (the number I passed along on Monday). But obviously it’s bigger on the back end, which is the way the team needs it to be right now to make a lot of other things work (and with, as we’ve seen with lots of other deals, the chance that the team gets out of the back end of the deal, anyway).

As OTC concludes, this appears to be a pretty favorable deal for Seattle cap-wise, especially given the way the market for DLs has developed.

 

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