Friday, July 26, 2013
Breaking down Mike Williams' contract
By Pat Yasinskas
I just got the complete breakdown of the five-year contract extension Tampa Bay receiver Mike Williams signed this week.
True to their form, the Buccaneers did not give Williams any signing bonus in a deal that averages $7.924 million per season.
Under his original contract, Williams was scheduled to earn $630,000 in base salary this year. But the new contract boosts his 2013 salary to $7.2 million, which is fully guaranteed. Williams’ cap figure for this year will be $8.3 million.
In 2014, Williams’ base salary is a guaranteed $1.2 million and his cap figure is $1.8 million. In 2015, Williams’ base salary rises to a guaranteed $5.2 million and his cap figure will be $6.8 million.
In 2016, the base salary is $5.6 million with a $1 million roster bonus and a $600,000 workout bonus, and his cap figure will be $7.2 million.
In 2017, Williams’ base salary will be $5.9 million with a $1 million roster bonus and a $600,000 workout bonus, and his cap figure will be $7.5 million. In 2018, the base salary is $4.15 million with a $4 million roster bonus and a $600,000 workout bonus for an $8.75 million cap figure.