Darius Slay became the seventh-richest cornerback in the NFL last week when he signed his four-year, $50.2 million contract extension with the Detroit Lions.
It averages out to $12 million per season, and will keep him under contract until 2020. He received a $14.5 million signing bonus as well. It has an interesting breakdown, though, that is full of escalators and incentives in the deal. Overall, not a bad deal for a man who will now be paid almost as much money as his idol, Joe Haden. And now, he can afford as much gas as he wants. Here’s how it shakes out:
In 2016, Slay will have a fully guaranteed base salary of $1 million and has part of his signing bonus now counting against the cap. So his cap number this season is $4,606,691. He also has a roster bonus of $100,000 and a workout bonus of $50,000 for this season.
Next season, Slay’s base salary of $4.1 million is fully guaranteed. The roster bonus of $3.5 million is due on the fifth day of the new league year, and that’s fully guaranteed. He also has a workout bonus of $100,000 and an additional roster bonus of $6,250 every game he is active, up to $100,000. There are escalators in the deal of up to $550,000 based on the Pro Bowl, interceptions and playing time. His cap number will be $10.7 million while being paid $7.8 million in cash. His dead money is $19.2 million, and he has $7.6 million guaranteed.
In 2018, Slay’s guaranteed money goes away. He has a cap number of $5,576,269 and will make $2,676,269 in cash. He has a roster bonus of $15,625 per game, up to $250,000. He also has a $250,000 workout bonus. There is also the potential for an extra $550,000 in escalators and incentives based on the Pro Bowl, interceptions and playing time. His dead money is $8.7 million.
In 2019, Slay has a cap number of $15.4 million and will make $12.5 million in cash. He once again has a roster bonus of $15,625 per game up to $250,000, and the escalators and incentives from the past two seasons remain the same. He also has a $250,000 workout bonus. His dead money dips to $5.8 million, and he has no money guaranteed.
In the last year of his deal, Slay is to have a cap hit of $13.4 million in 2020 while making $10.5 million in cash. The roster bonus from the previous three seasons is also included in his 2020 contract, as are the escalators and incentives. For the only time in the deal, he does not have a workout bonus. His dead money is $2.9 million, and nothing is guaranteed.
All numbers in this post came from ESPN Stats & Information. Follow ESPN Stats & Info on Twitter @ESPNStatsInfo.