Jordan Reed Extension

[Caliskinsfan]

Some more details on the contract from Master... In essence a 2 year contract.



Washington Redskins tight end Jordan Reed received the financial stability he wanted this offseason by signing a five-year extension on Thursday. The deal, which will begin in 2017 once his rookie contract runs out after this season, is worth $48.421 million with $22 million guaranteed. It includes a $9 million signing bonus.

“It just makes me feel more relieved,” Reed said on Thursday. “I’m just able to take care of my family and make sure my daughter is set and okay. It’s a life-changing thing, and I’m just real blessed.”

The deal doesn’t include any playing-time incentives, but Reed can earn up to $250,000 every season in roster bonuses ($15,625 per game). Reed’s $3.75 million base salary in 2017 is fully guaranteed with a $5.8 million cap number. In 2018, the 25-year-old will earn a base salary of $8.25 million with a $10.3 million cap number.

The final three seasons of the contract do not have any guarantees, beginning with 2019. The Redskins will receive an opportunity to re-evaluate Reed’s production after the second year of this deal, and it could allow Reed to seek another contract before he turns 30. Reed missed 12 games during his first two seasons because of injuries, but he was able to stay on the field for 14 games in a breakout 2015 season. Reed led the team with 87 catches for 952 yards and 11 touchdowns as a Pro Bowl alternate, and the Redskins are hoping for similar results in the future. The extension will pay him a base salary of $7.671 million in 2019 ($9.721 million cap number), $8.25 million in 2020 ($10.3 million cap number) and $8.75 million in 2021 ($9 million cap number).

In terms of tight ends selected in the 2013 NFL draft, Reed’s deal is worth more than what the Kansas City Chiefs’ Travis Kelce ($47.64 million) and the Philadelphia Eagles’ Zach Ertz ($44.53 million) received on their five-year extensions, also signed this offseason. Reed will average $9.35 million per season, which is the second-highest average among tight ends behind the Seattle Seahawks’ Jimmy Graham.

 

[Sportster 72]

Something like I expected. Redskins are paying most guys pretty well for 2 years but giving themselves an out at the end of two years. Because this is an extension it ends up being a three year contract with options after that. IMO this is how you keep your own but don't kill the cap at the same time. I think this is fair to both sides. Right now Reed is the most important receiver on the team.

 

[skinsdad62]

Something like I expected. Redskins are paying most guys pretty well for 2 years but giving themselves an out at the end of two years. Because this is an extension it ends up being a three year contract with options after that. IMO this is how you keep your own but don't kill the cap at the same time. I think this is fair to both sides. Right now Reed is the most important receiver on the team.

i wonder why sty doesnt like the signing seems like a great one for us especially the terms

 

[Sportster 72]

Maybe I read Sty wrong, I thought he felt he was underpaid. I think it is fair to both sides. He is being paid very well for his position and the Skins just locked him up for three more years which is good for the team if he can stay healthy.

 

[skinsdad62]

Maybe I read Sty wrong, I thought he felt he was underpaid. I think it is fair to both sides. He is being paid very well for his position and the Skins just locked him up for three more years which is good for the team if he can stay healthy.

i cant see why you would gripe about getting a guy cheaper .

 

[redskinsfan]

Some more details on the contract from Master... In essence a 2 year contract.



Washington Redskins tight end Jordan Reed received the financial stability he wanted this offseason by signing a five-year extension on Thursday. The deal, which will begin in 2017 once his rookie contract runs out after this season, is worth $48.421 million with $22 million guaranteed. It includes a $9 million signing bonus.

“It just makes me feel more relieved,” Reed said on Thursday. “I’m just able to take care of my family and make sure my daughter is set and okay. It’s a life-changing thing, and I’m just real blessed.”

The deal doesn’t include any playing-time incentives, but Reed can earn up to $250,000 every season in roster bonuses ($15,625 per game). Reed’s $3.75 million base salary in 2017 is fully guaranteed with a $5.8 million cap number. In 2018, the 25-year-old will earn a base salary of $8.25 million with a $10.3 million cap number.

The final three seasons of the contract do not have any guarantees, beginning with 2019. The Redskins will receive an opportunity to re-evaluate Reed’s production after the second year of this deal, and it could allow Reed to seek another contract before he turns 30. Reed missed 12 games during his first two seasons because of injuries, but he was able to stay on the field for 14 games in a breakout 2015 season. Reed led the team with 87 catches for 952 yards and 11 touchdowns as a Pro Bowl alternate, and the Redskins are hoping for similar results in the future. The extension will pay him a base salary of $7.671 million in 2019 ($9.721 million cap number), $8.25 million in 2020 ($10.3 million cap number) and $8.75 million in 2021 ($9 million cap number).

In terms of tight ends selected in the 2013 NFL draft, Reed’s deal is worth more than what the Kansas City Chiefs’ Travis Kelce ($47.64 million) and the Philadelphia Eagles’ Zach Ertz ($44.53 million) received on their five-year extensions, also signed this offseason. Reed will average $9.35 million per season, which is the second-highest average among tight ends behind the Seattle Seahawks’ Jimmy Graham.

This is a great, cap-friendly deal for the Redskins. Over The Cap's breakdown of the deal is linked below. Two key features of the deal are a low-signing bonus pro-rate is a very low $1.8M per year and the guarantees run out after two years. His cap hit in the second year is $5.3M and if we had to cut him after that -- I'm just spelling out a hypothetical here -- we clear $4.9M (net) off the cap for that year.

Jordan Reed Contract Details, Salary Cap Charges, Bonus Money | Over The Cap

 

[redskinsfan]

Over The Cap estimates our current 2017 cap at about $38M, which is based on an estimated $166M team cap (which is on the high side) that year. (Don't forget we can also roll over any cap space this year into the next.) This cap figure includes $5M for Andre Roberts, $5M for Shawn Lauvao, and $4M for Kory Lichstenteiger. They'll all probably be gone by then (though Lauvao may just stick around depending on how well he plays this year). With that cap savings, we'll be $52M under the cap.

On the flip side, that figure doesn't include Cuz, Galette, and a probable extension for Breeland. While the first two will cut into the cap somewhat, that's more than enough space to accommodate signing our core.