Thursday was an incredibly busy day for the San Francisco 49ers. The team officially added seven players to the roster, and by the end of the night had unofficially added two more in Aldrick Robinson and Matt Barkley.
The most notable deal of the day belongs to wide receiver Pierre Garcon. Initial reports had the five-year deal paying out up to $47.5 million. Tongues were wagging a bit at some of the details for the 30-year old wide receiver, and so it is time for a full rundown of the details. Thanks to Washington beat writer Master Tesfatsion for helping sort through the details.
The five year, $47.5 million deal includes a chance to earn $16,025,000 in the first year, and $23 million over the first two years. Garcon gets a $12 million signing bonus. For cap purposes, it prorates over the five years, at $2.4 million a year. He also gets $250,000 in total per-game roster bonuses each year, along with $100,000 workout bonuses each year.
The deal includes $20 million guaranteed. Reports suggest $17 million is fully guaranteed at signing. Given the $12 million signing bonus, this would mean his 2017 base salary of $3.625 million is fully guaranteed, and $1.875 million of his 2018 base is fully guaranteed. The remaining $2.525 million of his 2018 base salary is probably guaranteed for injury now, and becomes fully on April 1, 2018.
Also note, the 2019, 2020, and 2021 seasons are all option years. Mike Garafolo described this as a three-year deal with the final two years being dummy years
Below is the breakdown of Garcon’s deal.
2017 cap hit: $6.425 million
Base Salary: $3.625 million
Prorated Signing Bonus: $2.4 million
Per Game Roster Bonus: $250,000
Workout Bonus: $100,000
2018 cap hit: $9.375 million
Base Salary: $6.625 million
Prorated Signing Bonus: $2.4 million
Per Game Roster Bonus: $250,000
Workout Bonus: $100,000
2019 cap hit: $8.4 million
Base Salary: $5.65 million
Prorated Signing Bonus: $2.4 million
Per Game Roster Bonus: $250,000
Workout Bonus: $100,000
2020 cap hit: $11.3 million
Base Salary: $8.55 million
Prorated Signing Bonus: $2.4 million
Per Game Roster Bonus: $250,000
Workout Bonus: $100,000
2021 cap hit: $12 million
Base Salary: $9.25 million
Prorated Signing Bonus: $2.4 million
Per Game Roster Bonus: $250,000
Workout Bonus: $100,000
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