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.
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.
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.
Great, now overspend and get me er I mean us a real NT and/or a real ILB.
How can the Packers have such a great salary cap Manager, but always pull hamstrings? All of their staff needs to be this good.