Late last week, the Philadelphia Eagles signed running back LeSean McCoy to a five-year extension worth $45 million. With McCoy already under contract through this season, the new extension locked McCoy up through 2017 for $45.615 million over the next six seasons. According to a source knowledge of the specifics of the contract, here's how McCoy's deal breaks down:
2012: McCoy received an $8.5 million signing bonus, which will be prorated against the cap through the 2016 season ($1.7 million per year) and the $615,000 McCoy was scheduled to earn in the final year of his rookie contract has been fully guaranteed (skill, injury and cap). McCoy's cap number has increased from $957,533 to $2,657,533.
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2013: $3 million in fully guaranteed base salary, a $100,000 workout bonus and up to $150,000 in per game active roster bonuses ($9,375 per game). If McCoy is active for all 16 games, his cap number in 2013 would be $4.95 million.
2014: $7.65 million in fully guaranteed base salary, a $100,000 workout bonus and up to $250,000 in per game active roster bonuses ($15,625 per game). If McCoy is active for all 16 games, his cap number in 2014 will be $9.7 million.
As long as McCoy is active for all 48 games, the cash payout over the first three years of the contract is $20.365 million, with $19.75 million of that amount representing "new money" and an additional $1 million guaranteed remaining over the final three years of the contract.
2015: $9.75 million in base salary, of which $1 million is fully guaranteed, a $250,000 workout bonus and $250,000 in per game active roster bonuses ($15,625 per game). If McCoy is active for all 16 games, his 2015 cap number will be $11.95 million.
2016: $6.9 million in base salary and a $250,000 workout bonus. McCoy's cap number is scheduled to be $8.85 million.
2017: $7.6 million in base salary and a $250,000 workout bonus. McCoy's cap number is scheduled to be $7.85 million.
