Overpaid and no talent. Chocked on the turkey bone.
Matthew Stafford raised the contractual bar for quarterbacks across the NFL with the five-year, $135 million extension he signed last week.
Stafford set records for biggest signing bonus ($50 million), most money fully guaranteed at signing ($60.5 million) and three-year cash flow ($87 million), and he also earned the rare distinction of having no offset language in his contract.
According to paperwork filed with the NFL Players Association, the Lions did not include offset language in any of the bonus payments or guaranteed money due to Stafford over the life of his deal.
That means, should the Lions cut Stafford at some point during the contract, Stafford would be able to "double dip" and collect the money the Lions owe him on top of whatever he would make from another team.
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Stafford received a $50 million signing bonus as part of the deal, but deferred payment on $16.5 million of the bonus until next February.
NFL teams routinely defer a portion of large bonuses in order to manage cash flow.
The base salaries in each of Stafford's first two seasons — $1 million this year and $9.5 million next — are fully guaranteed with no offset language, and roster bonuses each of the next three seasons also contain no offsets.
The Lions will pay Stafford $6.5 million if he's on their roster next March, on the fifth day of the 2018 league year, and $6 million on the fifth day of the league year in each of the next two seasons.
All three of the roster bonuses are currently guaranteed for injury only, and become fully guaranteed later in the contract.
Stafford also has a $13.5 million base salary in 2019 with no offsets — that salary becomes fully guaranteed next March — and a $10 million roster bonus due early in the 2021 league year that has no guarantees.
The Lions saved more than $5 million in cap room by signing Stafford to his extension, but Stafford's deal comes with hefty future cap numbers. in 2020, the final year of the current collective bargaining agreement, Stafford's contract carries a $31.5 million cap hit. The next year, his cap number will be $30 million.
More: Lions signing Matthew Stafford to 5-year extension is a mistake
Here are the full details of Stafford's contract:
2017
Base salary: $1 million (fully guaranteed)*
Signing bonus $50 million ($16.5 million deferred until Feb. 15, 2018)
Cap hit: $16.5 million
2018
Base salary:$9.5 million (fully guaranteed)*
Roster bonus: $6.5 million (due fifth day of league year; guaranteed for injury only)*
Workout bonus: $500,000
Cap hit: $26.5 million
2019
Base salary: $13.5 million (guaranteed for injury only)*
Roster bonus: $6 million (due fifth day of league year; guaranteed for injury only)*
Workout bonus: $500,000
Cap number: $29.5 million
2020
Base salary: $15 million
Roster bonus: $6 million (due fifth day of league year; guaranteed for injury only)*
Workout bonus: $500,000
Cap number: $31.5 million
2021
Base salary: $9.5 million
Roster bonus: $10 million (due fifth day of league year)
Workout bonus: $500,000
Cap number: $30 million
2022
Base salary: $12.5 million
Roster bonus: $10 million (due fifth day of league year)
Workout bonus: $500,000
Cap number: $23 million
Matthew Stafford raised the contractual bar for quarterbacks across the NFL with the five-year, $135 million extension he signed last week.
Stafford set records for biggest signing bonus ($50 million), most money fully guaranteed at signing ($60.5 million) and three-year cash flow ($87 million), and he also earned the rare distinction of having no offset language in his contract.
According to paperwork filed with the NFL Players Association, the Lions did not include offset language in any of the bonus payments or guaranteed money due to Stafford over the life of his deal.
That means, should the Lions cut Stafford at some point during the contract, Stafford would be able to "double dip" and collect the money the Lions owe him on top of whatever he would make from another team.
Read more Lions:
Matthew Stafford’s numbers have soared since 2015 benching
Detroit Lions are more talented now than they were in 2016
2017 Detroit Lions preview: Breakdowns, predictions, analysis
Stafford received a $50 million signing bonus as part of the deal, but deferred payment on $16.5 million of the bonus until next February.
NFL teams routinely defer a portion of large bonuses in order to manage cash flow.
The base salaries in each of Stafford's first two seasons — $1 million this year and $9.5 million next — are fully guaranteed with no offset language, and roster bonuses each of the next three seasons also contain no offsets.
The Lions will pay Stafford $6.5 million if he's on their roster next March, on the fifth day of the 2018 league year, and $6 million on the fifth day of the league year in each of the next two seasons.
All three of the roster bonuses are currently guaranteed for injury only, and become fully guaranteed later in the contract.
Stafford also has a $13.5 million base salary in 2019 with no offsets — that salary becomes fully guaranteed next March — and a $10 million roster bonus due early in the 2021 league year that has no guarantees.
The Lions saved more than $5 million in cap room by signing Stafford to his extension, but Stafford's deal comes with hefty future cap numbers. in 2020, the final year of the current collective bargaining agreement, Stafford's contract carries a $31.5 million cap hit. The next year, his cap number will be $30 million.
More: Lions signing Matthew Stafford to 5-year extension is a mistake
Here are the full details of Stafford's contract:
2017
Base salary: $1 million (fully guaranteed)*
Signing bonus $50 million ($16.5 million deferred until Feb. 15, 2018)
Cap hit: $16.5 million
2018
Base salary:$9.5 million (fully guaranteed)*
Roster bonus: $6.5 million (due fifth day of league year; guaranteed for injury only)*
Workout bonus: $500,000
Cap hit: $26.5 million
2019
Base salary: $13.5 million (guaranteed for injury only)*
Roster bonus: $6 million (due fifth day of league year; guaranteed for injury only)*
Workout bonus: $500,000
Cap number: $29.5 million
2020
Base salary: $15 million
Roster bonus: $6 million (due fifth day of league year; guaranteed for injury only)*
Workout bonus: $500,000
Cap number: $31.5 million
2021
Base salary: $9.5 million
Roster bonus: $10 million (due fifth day of league year)
Workout bonus: $500,000
Cap number: $30 million
2022
Base salary: $12.5 million
Roster bonus: $10 million (due fifth day of league year)
Workout bonus: $500,000
Cap number: $23 million
