All articles tagged with #contract details
If Wisconsin fires Luke Fickell after the 2025 season, they would owe him over $25 million, making it the second-largest buyout in college football history, with a detailed decreasing schedule through 2032. Fickell's contract includes a significant buyout clause and annual raises, and Wisconsin's recent performance has been mixed, with a 2-1 start to the current season.
Aaron Rodgers has signed a one-year contract with the Pittsburgh Steelers, featuring a base salary of $13.65 million, $10 million guaranteed, and incentives that could bring the total to $19.5 million, with a cap hit of $14.15 million in 2025.
Bill Belichick has signed a five-year contract to become the head coach of the North Carolina Tar Heels, making him the highest-paid state employee in North Carolina history. The contract includes a clause allowing him to leave after his first season for a $1 million penalty, raising concerns about his long-term commitment. Despite this, Belichick insists he is dedicated to the role, aiming to elevate the Tar Heels' football program. The university has also pledged significant funds for Name, Image, and Likeness (NIL) initiatives to support recruitment.
Bill Belichick has signed a unique five-year contract to become the head coach of North Carolina's football team, with only the first three years guaranteed. This short guarantee period is unusual in college football and may impact recruiting, as rival coaches could argue Belichick won't stay long. The contract includes a $10 million annual salary and a $1 million buyout after June 2025, making it easy for Belichick to leave for an NFL job. UNC's significant financial investment in Belichick and his staff marks a new era for the program, aiming to boost its competitiveness.
Caitlin Clark, the top pick in the WNBA Draft, has become a major name in women's basketball, with a lucrative contract with the Indiana Fever and estimated endorsements worth $3.5 million in 2024. Her competitive nature and impressive skills have garnered her a large fan base, and she is rumored to be on the verge of signing a significant deal with Nike, including signature shoes. She has also secured endorsements with companies such as Nike, Gatorade, Bose, and State Farm, among others.
The Detroit Lions matched the San Francisco 49ers' offer to retain tight end Brock Wright, whose contract details reveal a structured deal that benefits both parties. The three-year, $12 million contract includes voided years to spread out the signing bonus and unguaranteed bonuses to motivate Wright. The Lions are in good shape with a manageable cap hit for the first two years and a reasonable dead cap if they cut him after two years, making the deal more tolerable and fair.
After the University of Kentucky's disappointing NCAA Tournament loss, details of Head Coach John Calipari's contract have come to light, revealing a 10-year deal with increasing annual pay, bonuses for academic performance, travel expenses, and other perks. The contract outlines conditions for early termination and Coach Calipari's option to step down, which would result in a significant pay cut.
Marquise "Hollywood" Brown's one-year contract with the Kansas City Chiefs includes a $7 million base salary and up to $4 million in incentives, but the contract details reveal a higher-than-expected cap hit of $8.2 million for the 2024 season due to the classification of certain bonuses as likely-to-be-earned (LTBE) or not-likely-to-be-earned (NLTBE). This leaves the Chiefs with an estimated $7.7 million in cap space with 71 players under contract.
Tyron Smith's new contract with the New York Jets includes $12 million tied to playing-time incentives, with additional bonuses for postseason wins and making the Pro Bowl, potentially pushing his earnings to $20 million. The deal is seen as advantageous for the Jets, who secured Smith for a relatively low base salary of $6.5 million, with the potential for significant additional earnings based on his playing time and performance.
Saquon Barkley signed a three-year, $37.75 million contract with the Philadelphia Eagles, including $26 million in guaranteed money and a signing bonus of $11.625 million. The deal features per-game roster bonuses and a $1 million bonus if he remains on the roster in 2026. The contract structure allows the Eagles to potentially retain Barkley in 2026, but also provides flexibility to part ways after the 2025 season. Barkley's cap hits are detailed, and cutting him after 2025 would result in dead cap money but also significant cap space savings.
The 2024 NFL free agency has seen major moves, including Russell Wilson joining the Pittsburgh Steelers on a one-year deal, Saquon Barkley heading to the Philadelphia Eagles, and Kirk Cousins signing with the Atlanta Falcons. Other notable deals include the Browns retaining Za’Darius Smith, the Raiders adding Christian Wilkins, and the Vikings acquiring Jonathan Greenard. Teams are making significant moves to bolster their rosters as they prepare for the upcoming season.
The Philadelphia Eagles have signed running back Saquon Barkley to a 3-year, $37.75 million deal, with $26 million fully guaranteed and an $11.625 million signing bonus. The contract includes a detailed breakdown of base salaries, roster bonuses, and cap hits for each year, showcasing a strategic salary cap manipulation by Eagles GM Howie Roseman. Overall, it's considered a fair deal for both parties, potentially turning into a two-year deal worth over $24.5 million with an out after the 2025 season, while leaving the Eagles with $4,650,000 in dead money in 2027.
The Detroit Lions have signed former Raiders cornerback Amik Robertson to a modest two-year deal worth $9.25 million, with $4.5 million guaranteed and a $3.3 million signing bonus. While his 2024 salary is fully guaranteed, his 2025 salary is not, indicating that he will need to prove himself to secure the second year of the contract. With a low cap hit in the first year, Robertson has the opportunity to earn a significant raise in 2025, but the Lions have the flexibility to restructure the deal if he underperforms.
Kansas City Chiefs re-signed linebacker Drue Tranquill to a three-year deal worth $19 million, including $12.5 million guaranteed, a $4.5 million signing bonus, and additional bonuses. His cap hits will be $3 million in 2024, $8.5 million in 2025, and $7.5 million in 2026, with the possibility of being released after 2025 with a $1.5 million dead-money figure.
Cody Bellinger's three-year, $80 million contract with the Cubs includes opt-outs after the first and second year, with detailed financial specifics. If he stays for the full contract, he'll receive salaries of $27.5 million, $27.5 million, and $25 million. The Average Annual Value (AAV) for luxury tax purposes is complex due to the opt-outs and uneven salary distributions, but it's estimated to be $30 million for 2024 and $25 million for subsequent years. The CBA provision prevents teams from front-loading contracts with opt-outs to manipulate AAV.