LaRon Landry has reportedly agreed to terms with the Redskins on a 5 year deal worth a possible $41.5m if all escalators and incentives are met.
The deal also reportedly contains $17.5m in various bonuses. So will the deal for the Redskins latest first round safety sensation, cause Sean Taylor to feel undervalued and demanding a new contract?
We don't think so. Let's look at both the contracts.
First, keep in mind that when Taylor signed his rookie contract in 2004 the NFL salary cap was $81.7m. This season Washington's adjusted NFL cap number is $109.7m, and increase of over 34%. There also inflationary factors to take into account.
In 2004, Taylor received a 7 year deal that, with escalators that could make the deal worth up to $40 million over the first 6 years, while the seventh year can be voided. The escalators are based on playing time, performance and Pro Bowl or All-Pro selections. Taylor also received various bonus payments totalling just over $13m – including a $7.2 million signing bonus.
So Taylor's 6 year deal could be worth $40m – an average of $6.67m per year.
Landry's possible $41.5m contract value on his 5 year deal averages out to $8.3m per year – that's a 24% increase over Taylor's contract.
The bonus payments Landry is set to receive in his contract ($17.5m) represents a 34% increase over Taylor – ironically the same percentage increase as the NFL salary cap over the past 4 years.
Also remember that Taylor becomes eligible for free agency – and his big pay day - after 2009, when the cap will have increased further and player contract values increased dramatically. Landry won't get a shot at a new deal until 2012 if he plays out his rookie contract.
Having said all this it would be no surprise if Taylor gets a new contract from Washington before his current one expires, but I doubt he demands one now based on Landry's soon to be signed deal.
Safety Dance... Landry Agrees to Terms?
Breaking Burgundy Top Stories
Redskins Select UCLA CB MoreauThe Redskins went for secondary help by selecting a Pac 12 standout.
Breaking BurgundyYesterday at 7:25 PM
Redskins Rolling With Alabama DefendersAfter selecting Alabama DL Jonathan Allen in round one, the Redskins take his college teammate for some edge rushing help.
Breaking BurgundyYesterday at 5:30 PM
NFL Draft: Redskins Options On Day 2The Redskins are in position to knock out two more need areas with their two selections on the second day of the 2017 NFL Draft
Breaking BurgundyThursday at 11:29 PM
Jay Gruden On Jonathan Allen: 'No-brainer'The Redskins head coach expressed surprise over landing the Alabama defensive standout. Jonathan Allen explained why he'll help his hometown team.
Breaking BurgundyThursday at 8:50 PM
Redskins Draft Alabama DE Jonathan AllenIn a first-round that saw numerous teams reaching up for offensive players, the Washington Redskins had perhaps one of the best lineman in the draft fall to them at pick No. 17.
Breaking BurgundyThursday at 6:55 PM