Thursday, February 23, 2012
BBAO: Structure of Jermichael Finley deal
By Kevin Seifert
We're Black and Blue All Over:
INDIANAPOLIS -- Good morning from the site of the NFL scouting combine, where we in the NFC North are still buzzing over the unexpected timing of Green Bay Packers tight end Jermichael Finley's new two-year contract. I weighed in Wednesday evening on the deal and the possibility of the Packers using their franchise tag on another player, and Tom Silverstein of the Milwaukee Journal Sentinel has some important details about the structure of the deal.
The deal is officially two years for about $15 million, but according to Silverstein, it is more like a one-year deal worth $5.75 million with an option to add a more lucrative second season. The details: Finley will receive $5.75 million in 2012 and then be due a $4.45 million roster bonus soon after the 2013 free-agent market begins.
The Packers could decline the bonus, making Finley a free agent, or pick it up to keep him on their roster for 2013. In that case, Finley will receive $10.2 million in the first 13 months of the deal.
Regardless, the agreement crosses off an important offseason task for the Packers in a way that should be satisfactory for both sides. As Finley wrote on Twitter: "I could not be happier to have the privilege of being a Packer for the next 2 yrs. Glad to be back with my team & coaches for 1 common goal."
Continuing around the NFC North: