Breaking Down Jimmy Graham's contract

Rather than play under the tight end franchise tag this season at $7.053 million, New Orleans Saints pass-catcher Jimmy Graham received a four-year deal worth a maximum value of $40 million. The deadline for reaching such a long-term deal was Tuesday after Graham lost his fight to be franchised as a receiver ($12.132 million).

ESPN’s Field Yates uncovered the details behind Graham’s new contract, which included a $12 million signing bonus. As Yates points out, Graham has $20.9 million guaranteed and could earn all $40 million in the contract.

Here is how it breaks down: