As previously reported, it’s a five-year deal worth $30 million. But this contract has some twists and turns that could cause the total value to grow.
The deal includes $15 million in guaranteed money over the first three years of the contract. Collins has a $4 million base salary and a $2 million roster bonus this year. In each of the remaining years of the deal, Collins’ base salary will be $6 million.
But the most interesting part of this deal comes in the final three years. If Collins meets certain playing-time standards, he can receive escalators of $500,000 in 2016, $1 million in 2017 and $2 million in 2018.
The Bucs took a bit of a leap of faith in Collins, who didn’t become a starter until last year in Cincinnati. But I like the structure of this deal because, if Collins works out like the Bucs hope, he’ll be rewarded nicely.
Speaking of incentives, quarterback Josh McCown also has some incentives in his contract. McCown’s two-year deal is worth at least $10 million. He has a $1 million roster bonus and a $3.75 million base salary for this year and a $5.25 million salary for 2015. But the deal also includes up to $2 million in incentives each year and McCown also has a chance at a $1 million escalator in 2015 if he meets certain playing time standards.