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On the surface, it’s a four-year, $48 million contract for new Packers running back Josh Jacobs. On closer inspection, it’s not quite as impressive.
Per a source with knowledge of the deal, the contract has a $12.5 million signing bonus, and no other guaranteed payments.
His 2024 base salary of $1.2 million is guaranteed as a practical matter, pushing the first-year haul to $13.7 million. He also has a $600,000 offseason workout bonus, and up to $500,000 in per-game active roster bonuses.
That’s up to $14.8 million for one year. After that, it’s up to the Packers.
Jacobs has a $5.93 million roster bonus due on the fifth day of the 2025 league year, and a $1.7 million base salary. The $600,000 workout bonus and $500,000 per-game active roster bonuses are also in the deal for 2025.
For 2026, the deal has a base salary of $10.2 million, a $600,000 workout bonus, and up to $700,000 in per-game active roster bonuses.
In 2027, the salary moves to $12.2 million, with the workout bonus of $600,000 and up to $700,000 in per-game active roster bonuses.
It will be at least $13.7 million for one year. It could be as much as $14.8 million for one year. After that, the deal continues if the Packers want it to, at a more reasonable second-year package of $7.63 million plus up to another $1.1 million in workout and active roster bonuses.
The big decision comes in 2026. Will Jacobs still be performing at a level that justifies up to $11.5 million? The next year, the maximum becomes $13.5 million.
Regardless, unlike most veteran free-agent deals, this one has no guarantees beyond the first year.
Source link : https://sports.yahoo.com/josh-jacobs-contract-one-deal-043726799.html
Author : ProFootball Talk on NBC Sports
Publish date : 2024-03-12 04:37:26
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