After a few days of waiting, our man Jason Hurley has uncovered the details of NaVorro Bowman’s contract extension. The deal includes a $3.4 million signing bonus, and then two option bonuses. The option bonuses are $2.6 million to be paid in 2017, and then $3.45 million to be paid in 2018. Jason and I believe they are not fully guaranteed.
An interesting note on those option bonuses. The NFL’s minimum cash spending requirement runs over two 4-year periods: 2013-2016 and 2017-2020. By including the option bonuses in 2017 and 2018, it adds some cash spending. Nearly 40 percent of Bowman’s salaries in those years is fully guaranteed, so odds are pretty good he sticks around and collects those option bonuses. The 49ers have a little bit of protection if he gets hurt, but for the most part, they can push some cash spending into the next minimum cash spending period.
For comparison to his previous contract, Bowman’s cap hits increase each of the next three seasons, before the new years kick in. They do not increase a crazy amount, and instead he gets some guaranteed money kicked in. Jason is around here and there today, so if you have any questions, drop them in here and we’ll try and get them answered.
Signing bonus: $3,400,000
2016
Base salary: $5,850,000 (fully guaranteed)
Roster bonus: $750,000
Offseason bonus: $5,460
De-escalator: $500,000 if he does not complete workout program
Cap hit: $10,239,460 (was $9.554M under old deal)
2017
Base salary: $6,750,000 ($2,600,000 fully guaranteed)
Roster bonus: $750,000 ($46,875 per game)
Option bonus: $2,600,000
De-escalator: $500,000 if he does not complete workout program
Cap hit: $10,154,000 (was $8.954M under old deal)
2018
Base salary: $8,700,000 ($3,450,000 fully guaranteed)
Roster bonus: $750,000 ($46,875 per game)
Option bonus: $3,450,000
De-escalator: $500,000 if he does not complete workout program
Cap hit: $11,994,000 (was $10.104M under old deal)
2019
Base salary: $2,550,000
Roster bonus: $2,000,000
LTBE incentives: $500,000
Cap hit: $4,390,000 (contract does not factor in base salary yet, which could be due to option issue. Cap hit likely would eventually be $6.94M)
2020
Base salary: $5,850,000
Roster bonus: $2,000,000
LTBE incentives: $500,000
Cap hit: $10,240,000
2021
Base salary: $7,650,000
Roster bonus: $2,000,000
LTBE incentives: $500,000
Cap hit: $11,360,000
2022
Base salary: $8,500,000
Roster bonus: $2,000,000
LTBE incentives: $500,000
Cap hit: $11,690,000