Full Jones contract breakdown from Florio

well done!

3 year deal worth 113?

about 37.5 per?

Quote:

it’s basically a three-year, $112.5 million contract, given that the $47.5 million due in 2026 is not guaranteed. That’s an average of $37.5 million. The Giants also could escape the deal after two years, with $82 million paid and $12 million in 2025 guarantees that would be subject to offset. Still, that’s a worst-case scenario of $94 million over two years for the Giants — and average of $47 million per year.

The contract also includes $70 million in available incentives, with a maximum payout of $35 million.

Jones will earn $1 million in incentives and a $1 million escalator in each year for being a top-15 quarterback. He can earn another $1.5 million in incentives and a $1.5 million escalator in each year for being a top-10 quarterback. He can earn another $1.5 million of incentives and a $1.5 million escalator in each year for being a top-five quarterback. That’s $4 million in incentives and $4 million in escalators if he’s a top-five quarterback in any given season.

He also has playoff incentives that add up to $5 million in incentives and $5 million in escalators.

As it was explained to PFT, if Jones performs in 2023 as he did in 2022, he will earn another $1.75 million in 2023 incentives and another $1.75 million in 2024 escalators. At that same level over the life of the contract, he’ll earn $12.25 million of the available $35 million, pushing the total value to $172.25 million

In comment 16057008 The Dude said:

Quote:

3 year deal worth 113? about 37.5 per?

That was my prediction, but without considering guarantees..😎

Giants have an escape plan after year 2. If they take it, Jones ends up getting 2 years and 82M.

The cap hit starts low, goes up in year 2 and then dips back daown in year 3. So if they end up cutting him after year 3, there is a minimal dead cap hit and significant savings and Jones will have earned 3 years and 112 million.

23 = 19m
24 = 45m
25 = 39.5m
26 = 56.5 (46 mil not guaranteed)

Looks like Giants planning ahead for future big contracts for other guys.

Jones's contract - ( New Window )

Essentially a 3 yr $112.5 contract… AAV $37.5 million
All the freaking handwringing on this site over media BS reports
I think I like Joe Schoen
Now have a great draft Joe and Dabs

Based on what exactly.

Broken down by cap hit each year
Jones contract breakdown - ( New Window )

the team will GLADLY pay him!! otherwise its essentially a 3 yr at around 37.5 per. Excellent job JS!

i think the plan is that if he plays well again they give him a "second signing bonus" and restructure a chunk of that 35.5m guaranteed salary.

if he doesn't play well this year then next year becomes a high dollar prove it year where they are paying out 17% of their cap to jones and not wanting to punt any of that $ into the future.

and they want to cut him after year 2, assuming he's healthy, it looks like the dead cap is $18 and after year three 9?

In comment 16057031 HomerJones45 said:

Quote:

and they want to cut him after year 2, assuming he's healthy, it looks like the dead cap is $18 and after year three 9?

dead money by year if cut:

next year = 63m dead
2025 = 18m dead
2026 = 9m dead

so he's going to be here next year but they can get out after year 2 if necessary.

37.5 Million for three years.

That's why you need to wait for the details to come out before over-reacting about numbers.

.

like a great contract. Much better than I thought. His comments in the other thread indicate that he wanted to provide some flexibility for the Giants to get other FAs.

Either he doesn't improve and they move on after 3 years or he does and they extend him prior to year 4.

In comment 16057038 AcidTest said:

Quote:

like a great contract. Much better than I thought. His comments in the other thread indicate that he wanted to provide some flexibility for the Giants to get other FAs.

👍

that has a clue. Thank you lord. About freakin time.

In comment 16057034 Eric on Li said:

Quote:

In comment 16057031 HomerJones45 said: Quote: and they want to cut him after year 2, assuming he's healthy, it looks like the dead cap is $18 and after year three 9? dead money by year if cut: next year = 63m dead 2025 = 18m dead 2026 = 9m dead so he's going to be here next year but they can get out after year 2 if necessary.

If $12 million of his 2025 salary becomes fully guaranteed at the start of the 2024 league year, wouldn't cutting him in 2025 result in 30m dead? (18 remaining signing bonus and 12 guaranteed 2025 salary)

In comment 16057034 Eric on Li said:

Quote:

In comment 16057031 HomerJones45 said: Quote: and they want to cut him after year 2, assuming he's healthy, it looks like the dead cap is $18 and after year three 9? dead money by year if cut: next year = 63m dead 2025 = 18m dead 2026 = 9m dead so he's going to be here next year but they can get out after year 2 if necessary.

Correct me if I'm wrong but OTC isn't accounting for the 12m that will most definitely convert to guarantees after this year for 2025. Those dead hit numbers may still be accurate after that conversion but would be dependent on offsets.

he absolutely compromised. He definitely could have gotten better in the open market. He's put his money where his mouth is, when he talks about this team.

In comment 16057058 AcesUp said:

Quote:

In comment 16057034 Eric on Li said: Quote: In comment 16057031 HomerJones45 said: Quote: and they want to cut him after year 2, assuming he's healthy, it looks like the dead cap is $18 and after year three 9? dead money by year if cut: next year = 63m dead 2025 = 18m dead 2026 = 9m dead so he's going to be here next year but they can get out after year 2 if necessary. Correct me if I'm wrong but OTC isn't accounting for the 12m that will most definitely convert to guarantees after this year for 2025. Those dead hit numbers may still be accurate after that conversion but would be dependent on offsets.

believe that's correct though the dead $ above would still be true if he got traded as opposed to cut. in 2025 he'd cost a trading team 30m, so that looks by design to be a bit of a structured out.

The 3-year breakdown is a little bit higher than Carr which is fine and sensible.

That's impressive work by the Giants.

coaching competence, what a difference a year makes. Now, let's nail the draft.

I hope we are tearing up this contract in a few years to extend him again!

In comment 16057096 Danny Kanell said:

Quote:

That's impressive work by the Giants.

Looks like Schoen’s a keeper

by that amount? If he's a top-15 QB (however that's defined) this year, does that mean he gets a $1MM incentive bonus, plus a $1MM increase to the base salary in each of 2024, 2025 and 2026?

The owners have screwed up the game where it's now all about the QB.

It was supposed to be a team sport where the best overall team wins. Now it's really about who can throw the ball best.

For older fans like me the game has lost a lot. Younger fans only know what they see now so they are probably good with it.

Defences with 225 lb ilb. Edge rushers who can't would the edge. O line who cannot run block, just pass block. For me it's sad, for others I guess it is ok.

What do you think? Is the game today of better quality compared to years ago?

The out after year two is going to be crucial.

I think Big Blue 56 had close too.

4 at 38 million per, $100m guaranteed. Was too high on the bonus at $60 million

In comment 16057170 kelly said:

Quote:

The owners have screwed up the game where it's now all about the QB. It was supposed to be a team sport where the best overall team wins. Now it's really about who can throw the ball best. For older fans like me the game has lost a lot. Younger fans only know what they see now so they are probably good with it. Defences with 225 lb ilb. Edge rushers who can't would the edge. O line who cannot run block, just pass block. For me it's sad, for others I guess it is ok. What do you think? Is the game today of better quality compared to years ago?

What a shocking and unheard of development...the teams with the better QBs usually win...

It's not like that hasn't happened in the 70s, 80s 90s 2000s and beyond...

Same shit different decade. It just confuses fans these days. It's the same thing.

Goff
Jimmy G
Matt Stafford ( who is very good but he did struggle to win for a decade in DET)
Nick Foles
Cam NEwton (we can debate how good he was)
Matt Ryan
Russel Wilson (who some here insist isn't that good)

So maybe it isn't always the "best "throwers" who win after all.

You can still win with a great team. It happens al the time.

the guy was a 2nd round pick. He is NOT a transcendent QB no matter what some might think. He got to one too while playing on a loaded TEAM.

NFL teams have figured out how to work under and around the cap. Admittedly, I do think it took some years for teams to figure things out, but they have. YEs it's a different league than it was 30-20 and even 10 years ago. But it aint that different. IT's still a team game. DJ isn't as good in 21 as he was in 22. TEAM game.

Russell is not good....anymore. In his prime, he was excellent. Cam Newton in his prime was absolutely elite. Matt Ryan is a HOF QB and Foles may have won it, but Wentz who was an mvp caliber player got them there.

is an elite QB.

In comment 16057397 Kmed6000 said:

Quote:

is an elite QB.

Stafford is not an elite QB, imv. A good one, sometimes very good, but no way elite. We’ll have to disagree on this one..😎

$140-$145M with $80M guaranteed, so I'm down with the final numbers. Probably could have taken a little less salary year one, but very workable number the way it worked out.
Looks like Camp Daniel and JS worked together to iron out the rough edges and not hamstring the team.
Daniel didn't leave anything on the table, but that was to be expected of an Economics Major from Duke.

well over the next three years, I’m sure that 4th year will be looked at as a year to do an extension. I can’t see them going into the 4th year with that salary against the cap. It’s structured so they can get out pretty easy after the third year too, if they so desire.

In comment 16057401 Big Blue '56 said:

Quote:

In comment 16057397 Kmed6000 said: Quote: is an elite QB. Stafford is not an elite QB, imv. A good one, sometimes very good, but no way elite. We’ll have to disagree on this one..😎

m

Stafford in his prime absolutely was elite.

In comment 16057476 ajr2456 said:

Quote:

In comment 16057401 Big Blue '56 said: Quote: In comment 16057397 Kmed6000 said: Quote: is an elite QB. Stafford is not an elite QB, imv. A good one, sometimes very good, but no way elite. We’ll have to disagree on this one..😎 m Stafford in his prime absolutely was elite.

That's a stretch. I never thought highly of him in that regard. Not saying I am right, but I just did not see it.

put him in the hall of fame spitting distance. Super productive passer.

11th all time in passing yards
12th all time in passing TD
8th all time in game-winning drives!! I had no idea.
6th all time in passing yards per game. Above Peyton, Brady, Rodgers, and Warner

52K yards, 333 touchdowns, 169 INT.

Because the hit for the upcoming season is low, that allows them to fully eat the Golladay dead money in 2023, so that's fully off the books in 2024.

They can also operate without re-structuring Leonard Williams if they want, so they can be free and clear from that deal after 2023, although I think Schoen would prefer a reasonable extension to lower the cap hit for this year, and rendering the dead cap money in the void year benign.

Andrew Thomas will likewise be on the 5th year option or be extended, in either case the structure for an elite LT is a value on the 5th-year option or they can lower the cap hit for 2024 even further with a large extension.

They won't have to worry about Thibodeaux until 2025 at earliest.

Big Dex is being worked on, but currently he's a free agent by 2024, so whether or not they come to deal, the cap impact for 2024 will either be zero or can be managed.

There's currently hardly any money tied up in Adoree' Jackson beyond 2023, either (a small cap hit for a void year in 2024).

McKinney is also off the books after 2023 or will be extended (hopefully the latter).

Those are all the big dollar commitments or future big dollar commitments as of today. So basically, it absolutely makes a ton of sense to put a higher percentage of the DJ money as a cap hit to 2024...it's really strong cap-ology by the Giants.

In comment 16057397 Kmed6000 said:

Quote:

is an elite QB.

We can split hairs but none if these guys were transcendent types.

Matt Stafford was absolutely elite that year, and in the playoffs as well.

In comment 16057170 kelly said:

Quote:

The owners have screwed up the game where it's now all about the QB. It was supposed to be a team sport where the best overall team wins. Now it's really about who can throw the ball best. For older fans like me the game has lost a lot. Younger fans only know what they see now so they are probably good with it. Defences with 225 lb ilb. Edge rushers who can't would the edge. O line who cannot run block, just pass block. For me it's sad, for others I guess it is ok. What do you think? Is the game today of better quality compared to years ago?

Can't really blame the owners. This is the game the younger fans want. The owners react accordingly to keep the cash cow producing. And no, I don't think the game is better today. I'm an old-timer too. Even our announcers were better. Give me Marty Glickman and AL Derogatis any day.