Friday, July 15, 2011
Updating Colt McCoy's contract escalators
By James Walker
This is a big year for Cleveland Browns starting quarterback Colt McCoy -- not only on the field but with contract bonuses.
After starting eight games as a rookie, McCoy already increased his fourth-year salary from $500,000 to $1.15 million in 2013. But McCoy has several more play-time escalators this season that can be added to the back end of his contract.
The former third-round draft pick has a chance to add as much as $625,000 to his fourth year. Here is the breakdown:
- McCoy can earn an additional $250,000 in 2013 for taking 70 percent of this year's snaps and winning 10 games. McCoy also can also get the same amount with 70 percent playing time and leading the Browns to the playoffs, regardless of wins.
- McCoy can earn an extra $250,000 for taking 80 percent of Cleveland's snaps this year and finishing in the top 10 in any of the six major categories, such as yards or touchdowns.
- Finally, McCoy can earn an additional $125,000 for making the Pro Bowl.
McCoy signed a four-year deal worth a maximum of $5 million in 2010. Many of these escalators were put in to satisfy the "quarterback premium," in the event McCoy turned out to be Cleveland's starter.
McCoy quickly took over the quarterback job as a rookie and exceeded expectations. Will he do the same by reaching these goals this season?