Thursday, October 25, 2012
Looming: Three huge QB contracts
By Kevin Seifert
No NFC North teams appeared on John Clayton's list of the NFL's 10 worst contracts, and I really can't come up with an obvious nomination. There are no abominable contracts in this division at the moment, at least none any team entered by choice that will limit its flexibility moving forward.
Some of you might note the five-year, $25 million contract the Minnesota Vikings gave tight end John Carlson last spring. Carlson has played sparingly (27.2 percent of snaps), caught three passes and is currently sidelined by a concussion. But as Tom Pelissero of 1500ESPN.com points out, the Vikings could void his contract after this season (provided he is not still injured) for a modest $4 million cap hit.
Jay Cutler's contract is up following the 2013 season.
What Clayton's project did bring to mind is that the NFC North is primed for three monster-truck contracts that will be the types of deals that entire salary caps are structured around. For different reasons, quarterbacks Jay Cutler, Aaron Rodgers and Matthew Stafford are all closer to new contracts than you might have realized.
Cutler's deal with the Chicago Bears expires after the 2013 season. He's making $8.2 million this year and is due to make $8.9 million next season. Would the Bears go into 2013 with their franchise quarterback in a free-agent year? It wouldn't be ideal, and if they want to avoid it, they would need to address it this offseason.
We've discussed Rodgers' situation several times. He is signed through the 2014 season but has obviously outperformed a deal that will pay him $9.75 million in 2013 and $11 million in 2014. You would assume it's a matter of when, not if, Rodgers gets a new deal. The current benchmark is the five-year, $100 million contract the New Orleans Saints gave quarterback Drew Brees.
Stafford's situation, meanwhile, is no less urgent even though he is technically signed through 2015. The final year of his deal is voidable and, more importantly, Stafford is due to count $20.320 million against the Detroit Lions' 2013 salary cap after two years of renegotiations. The Lions could conceivably deal with a cap number that high, but you wonder if they'll seek an extension in order to lower his cap hit over the next few years. They will have a busy offseason given the pending free agency of seven starters: cornerback Chris Houston, safety Louis Delmas, linebacker DeAndre Levy, defensive tackle Corey Williams, right tackle Gosder Cherilus, linebacker Justin Durant and place-kicker Jason Hanson.
Investing in a franchise quarterback is usually a sound policy, but it'll be costly in each instance.