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Letroy Guion’s Deal Has Virtually No Risk for Packers

Joseph Bonham by Joseph Bonham
February 17, 2016
in Uncategorized
4

Letroy Guion

The Green Bay Packers didn’t take on much risk in re-signing defensive lineman Letroy Guion.

Guion’s deal includes a large number of bonuses and virtually no guaranteed money. The bonuses are easily attainable for Guion, so long as he can remain active, but the deal is very Packers-friendly.

In fact, the Packers could part ways with Guion at pretty much any time and suffer minimal financial consequences.

The deal included just a $500,000 signing bonus. That’s better than the $0 signing bonus Guion got when he signed a one-year deal last offseason, but is a pittance by NFL standards.

If the Packers decided to release Guion after the 2016 season, they’d only have a salary cap charge of $333,333 from that signing bonus remaining.

That’s what the Packers get. Here’s what Guion gets.

He’ll earn base salaries of $2 million, $1.7 million and $2.75 million over the next three seasons. He also has notable roster bonuses due in the first two years of the deal.

In year one, Guion is due $250,000 if he’s on the roster on May 3 and another $250,000 if he’s on the roster on August 3. You can call those stay-out-of-jail bonuses. In year two, Guion is due $400,000 on the third day of the league year and $400,000 on May 2.

Similarly, Guion has per game roster bonuses of $50,000 for each game he’s active throughout the three-year duration of the deal. In other words, he plays, he gets paid.

There are also $200,000 workout bonuses in the first two years of the deal and escalators of $250,000 in the final two years if Guion makes the Pro Bowl.

All in all, a great deal for the Packers.

Tags: Green Bay PackersLetroy GuionLetroy Guion
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Comments 4

  1. Avatar for shawn shawn says:
    7 years ago

    Agreed. This completely changes my opinion of the signing.
    This is a “show up and earn it” contract. Incredibly friendly to the Packers.
    Raji will likely be looking for more of a “pay me a sum and I’ll decide if I want to show up” deal. Not that he’ll get it.

  2. Avatar for Kato Kato says:
    7 years ago

    Great deal for the packers. Another great deal by TT. Right there with the deal Aaron Rodgers signed in 08 that averaged like $12 million per year, an absolute steal in hindsight.

  3. Avatar for V V says:
    7 years ago

    Great, now overspend and get me er I mean us a real NT and/or a real ILB.

  4. Avatar for Ferris Ferris says:
    7 years ago

    How can the Packers have such a great salary cap Manager, but always pull hamstrings? All of their staff needs to be this good.

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