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.

Pro Football Talk

Calvin Johnson, Icon Sports Calvin Johnson, Icon Sports
March 16, 2012  08:22 AM ET

good for Megatron, but how much is guaranteed?

March 16, 2012  08:25 AM ET

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.

March 16, 2012  08:26 AM ET

He's guaranteed 60 mil, no matter how the years break out, i think he did just fine.

March 16, 2012  08:38 AM ET

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....

March 16, 2012  08:42 AM ET
QUOTE(#3):

He's guaranteed 60 mil, no matter how the years break out, i think he did just fine.

Yep. Guaranteed money is all that counts with NFL contracts.

Comment #6 has been removed
March 16, 2012  09:23 AM ET

Still a lot of money as far as I'm concerned.

March 16, 2012  09:26 AM ET

Poor guy, I hope he can make it on that kind of money.

March 16, 2012  09:28 AM ET

We only need a running now.

March 16, 2012  09:28 AM ET

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.

March 16, 2012  09:30 AM ET

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.

March 16, 2012  09:32 AM ET
QUOTE(#8):

Poor guy, I hope he can make it on that kind of money.

Megatron is a pro's pro. Odds are good that he won't start grumbling about an extension three years into the deal...

March 16, 2012  09:33 AM ET
QUOTE(#9):

We only need a running now.

Anything in the draft intrigue you?

March 16, 2012  09:34 AM ET

Well, at least he's in a lower tax bracket now...

March 16, 2012  09:46 AM ET

50yearfan posted this yesterday!

March 16, 2012  09:53 AM ET
QUOTE(#15):

50yearfan posted this yesterday!

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.

March 16, 2012  09:55 AM ET
QUOTE(#15):

50yearfan posted this yesterday!

Probably prompting the interns to search out this article to post today...

March 16, 2012  10:00 AM ET
QUOTE(#15):

50yearfan posted this yesterday!

What better source could you ask for?

March 16, 2012  10:03 AM ET
QUOTE(#16):

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.

Now that combination would be a source, but I fear to think of what

 
March 16, 2012  10:15 AM ET

Who cares. Its still a ton money. He won't be in line at the soup kitchen with $78 million

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