The official salary numbers for Seattle free safety Earl Thomas have become available this morning.
According to various reports, they show that Thomas got a $9.5 million signing bonus with a total of $25.725 million in guaranteed money. That’s actually just slightly below the $26.3 million Jairus Byrd just received, a contract.
But former agent Joel Corry notes it can be common that an unrestricted free agent contract might have a slightly better cash flow than an extension:
Jairus Byrd has slightly better cash flow than Earl Thomas through '16 ($27.9M to $27.725M). It's common w/extension & UFA deal comparisons.
— Joel Corry (@corryjoel) May 1, 2014
Thomas now has a $7.373 million salary cap number for the 2014 season, which now has Seattle having $12.8 million in cap space for the 2014 season according to the latest numbers from the NFLPA.
That should be more than enough to make a new deal work with Richard Sherman.
As the NationalFootballPost story linked above details:
Thomas also has a $5.5 million guaranteed base salary in 2015 with a $7.4 million salary-cap figure.
In 2016, Thomas has an $8 million base salary with $6 million of it guaranteed for a salary-cap figure of $9.9 million.
In 2017, Thomas has a $8.5 million non-guaranteed base salary with a $10.4 million salary-cap figure.
And in 2018, Thomas has a $8.5 million non-guaranteed base salary with a $10.5 million salary-cap figure.
— Also, Jason Fitzgerald of OvertheCap.com had some additional thoughts on Thomas’ contract and what it says about the value of the safety position.