Truth & Rumors > NFL
Skinny on Megatron deal: Only $78.25M
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08:00 AM ET 03.16 | As is generally the case, there's more than meets the eye when it comes to Calvin Johnson's reported $132 million contract. Here's the real story on the deal. It's an eight-year, $131.95 million contract. Until, however, the team chooses to fully guarantee $3.5 million in base salary in 2018 and $3.5 million in base salary in 2019, the last two years will void, making it a six-year, $96.7 million deal. So, basically, the last two years are phony, for now. Factoring in the $18.5 million Johnson already was due to make in 2012 before the extension, it's a seven-year, $113.45 million deal. Dropping the phony-for-now base salaries for 2018 and 2019, it's a five-year, $78.25 million contract. Not eight (or seven) years and $132 million.
Calvin Johnson, Icon Sports
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Comments (37) Add A Comment
good for Megatron, but how much is guaranteed?
Mangler.
Total Comments (11569)
But wait! There's more! If you factor in an average inflation rate of 2%, the net value of those out years in 2012 dollars is significantly reduced.
Debbie Does
Total Comments (20404)
He's guaranteed 60 mil, no matter how the years break out, i think he did just fine.
Nard Dog
Total Comments (3429)
So.....he's only getting paid a butt-load of $$.......not a super-butt-load??? Any way you slice it, there's nothing "skinny" about this deal....
IRONMAN
Marshall, MI
Total Comments (876)
Yep. Guaranteed money is all that counts with NFL contracts.
hbomb
Total Comments (26371)
Still a lot of money as far as I'm concerned.
Mongo Alex
Total Comments (1920)
Poor guy, I hope he can make it on that kind of money.
Imma Fubared
Total Comments (1037)
We only need a running now.
HAIL TO THE VICTORS!
Total Comments (711)
something goofy going on when a salary deal requires an explanation - though, the same could be said of costs associated with government legislation, buying a condo, or sending a kid to school.
Zeeker
Santa Fe , NM
Total Comments (659)
We knew this yesterday. It was a cap move. Jeesh!
the Lions were in cap helll and everybody knew it. Matt Stafford had his $17 million cap hit lowered to $9 million by calling the rest of it a bonus and spreading it out over four years.
They are kicking the can down the road until the new tv deal raises the cap number for every team.
50yearfan
Total Comments (11546)
Megatron is a pro's pro. Odds are good that he won't start grumbling about an extension three years into the deal...
Melman
Total Comments (17731)
Anything in the draft intrigue you?
Otis B. Driftwood
Total Comments (31668)
Well, at least he's in a lower tax bracket now...
Rolling Snowflake
Total Comments (74)
50yearfan posted this yesterday!
Brewsterdude
Total Comments (381)
At least Pro Football Talk is quoting a reputable source. The St. Paul Pioneer Press gets its stories from Cooper and Creepy on the night shift.
Debbie Does
Total Comments (20404)
Probably prompting the interns to search out this article to post today...
Formerly from Ewa…
Sand Patch, PA
Total Comments (6242)
What better source could you ask for?
Mr Steeler
Total Comments (11984)
Now that combination would be a source, but I fear to think of what
Mr Steeler
Total Comments (11984)
Who cares. Its still a ton money. He won't be in line at the soup kitchen with $78 million
VisionQuest
Swansboro, NC
Total Comments (1454)
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