Tagged in: extension

Alvin Kamara, New Orleans Saints agree to contract extension

Alvin Kamara is going to be with the New Orleans Saints for the long haul.

According to NFL Network’s Ian Rapoport, the running back has agreed to terms on a new five-year, $75 million deal. His deal includes a $15 million signing bonus. 

The 25-year-old has emerged as one of football’s most dangerous weapons, with 2,408 rushing yards, 243 receptions for 2,068 yards and 37 total touchdowns in his first three campaigns. He’s also a three-time Pro Bowler and was the 2017 Offensive Rookie of the Year.

In Kamara, Drew Brees, Michael Thomas, Emmanuel Sanders, Latavius Murray and Jared Cook, the Saints have one of the best offenses in football. Sean Payton’s group has reached the postseason in three consecutive seasons and heads into the 2020 campaign as a Super Bowl favorite.

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But Kamara’s ability to have a major impact in the running and passing games makes him so difficult for opposing defenses to defend.

That versatility also made him more valuable than a traditional between-the-tackles runner, and it’s a skill set Christian McCaffrey also cashed in on.

It’s no surprise three-down players have set the running back market in recent years, from pre-injury Todd Gurley (64 catches for 788 yards and six touchdowns in 2017) to McCaffrey.

It was only a matter of time before Kamara inked his own lucrative extension. He’s far too explosive and versatile for the Saints to risk losing.

Prior to Saturday’s deal, the Saints had less than $6 million in cap space this year and were already expected to have more than $240 million in cap costs for 2021, when the cap could drop as low as $175 million per team.

Furthermore, they are nearing the ends of contracts with fellow standouts like linebacker Demario Davis, cornerback Marshon Lattimore, offensive tackles Ryan Ramczyk and Terron Armstead and safety Marcus Williams.

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DeAndre Hopkins, Cardinals Agree to Reported 2-Year

The Arizona Cardinals have signed receiver DeAndre Hopkins to a two-year extension, the team announced Tuesday.

The deal is worth $54.5 million, according to Ian Rapoport of NFL Network. The $27.25 million per year is the highest annual salary in league history for a non-quarterback. The deal includes $42.75 million in guarantees.

Hopkins also told reporters his contract contains a no-trade clause and a clause that won’t let him to take the franchise tag.

Added to the three years left on his present contract, the extension gives him $94 million over the next five seasons for an average of $18.8 million per year, via ESPN’s Adam Schefter. He is now signed through 2024.

Arizona acquired Hopkins this offseason in a trade with the Houston Texans, also receiving a fourth-round pick, in exchange for David Johnson, a second-round pick in 2020 and a fourth-round pick in 2021.

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Texans head coach Bill O’Brien said the receiver’s interest in a new deal caused the trade.

“It was in the best interest of our team,” the coach said in April. “DeAndre Hopkins was a great football player. We loved DeAndre Hopkins. He had three years left on his deal, and he wanted a raise.”

The 28-year-old only has a $12.5 million cap hit for 2020, which ranks 14th among receivers, per Spotrac.

Ed Werder of ESPN reported he was seeking $18-20 million per year, which is what he got when added to his current deal.

Hopkins has been one of the top players at his position since entering the league in 2013, earning four Pro Bowl selections and making the All-Pro First Team in each of the last three years. He had over 100 catches in 2018 and 2019 and has remained durable with only two missed regular-season games in seven years.

He will play a crucial role in the Cardinals passing attack alongside Larry Fitzgerald and Christian Kirk, trying to provide some stability for second-year quarterback Kyler Murray.

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Arizona Cardinals making Budda Baker highest-paid safety in NFL history

The Arizona Cardinals are making two-time Pro Bowl selection Budda Baker the highest-paid safety in NFL history by giving him a four-year extension worth $59 million, sources told ESPN’s Adam Schefter. Baker was Arizona’s second-round pick in 2017, and his rookie contract was set to expire after this campaign.

The deal will average $14.75 million per year, but no other financial aspects were disclosed. The Cardinals announced the four-year extension Tuesday.

Baker’s extension comes four years after the Cardinals gave another star safety, Tyrann Mathieu, a long-term extension. Mathieu’s deal was for five years and worth $62.5 million, but he was released after the 2017 season. Baker is the first second-round pick to receive either an extension or second deal under general manager Steve Keim, who was hired in 2013.

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The 24-year-old Baker is coming off his second Pro Bowl year and his first as a safety.

He recorded 147 tackles last season and led the NFL with 104 solo tackles, the only player with at least 100 solo tackles in 2019.

Baker does not have an interception since entering the NFL in 2017 from the University of Washington, however, and has played the most coverage snaps (1,261) of any player during that span not to have intercepted a pass.

He also has recorded 33 quarterback pressures since entering the NFL, the most by any defensive back during that span. Baker has been a steady presence for the Cardinals in both their pass and run defense. Arizona permitted just two completions of 30 yards or more last season.

Baker has also been a factor in Arizona’s run defense. His 33 run stuffs, defined by NFL Next Gen Stats as tackles on run plays for no gain or a loss, are tied with Jamal Adams for second most among defensive backs since 2017.

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Bills sign Sean McDermott to multi year extension

In just three short years Sean McDermott has finished the Bills playoff drought and turned the team into a division favorite and AFC contenders. 

Terry and Kim Pegula made sure their coach will be here for a long time to come. “Sean’s leadership on and off the field has been nothing but genuine and transparent, qualities we appreciate as owners,” said Kim Pegula in a statement.

“He is the same great person to us, the players and everyone across all our organizations. We will never forget how impressed we were during his first interview. Sean’s attention to detail was apparent back then and his process driven approach has brought great stability to our organization. We are happy to extend his contract and keep him in Western New York for many years to come.”

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Since McDermott’s arrival in 2017, he has not only rebuilt the team’s roster, but its collective culture. A culture , built on commitment to a process of daily self-improvement for the benefit of the team, love and respect.

His mantra of ‘Playoff Caliber’ is something the players have embraced entirely.

“It was just something he’d keep saying,” stated Pat DiMarco. “Guys would hear it but wouldn’t always live it. Now it’s our nature. It’s like that saying. First you form the habit, then the habit forms you. So it’s a habit now. You come in here and ‘Playoff Caliber’ is the standard. Not only on the field, but in the weight room, the meeting room.

Playoff caliber is what we’re doing every single day. Guys are working their tails off. “Probably the second biggest thing that he preaches is your love for the guy next to you. You’re going to sell out, not for yourself or your contract, but for the guy next to you and his family and his well-being.

There’s just a lot to it. When you care and you love the guy you’re playing for you’re only going to play that much better.”

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Vikings GM Rick Spielman agree to multi year extension

The Vikings have locked up Rick Spielman and Mike Zimmer for the next four campaigns.

The team informed Monday the General Manager’s multiyear contract extension is done. Chris Tomasson of the Pioneer Press reports that Spielman’s extension runs concurrent with that of coach Mike Zimmer, who signed his multiyear year two weeks ago.

That means both are signed through the 2023 season.

“It’s great,” Zimmer said Monday on a conference call, via Tomasson. “Rick’s done a phenomenal job with me here, and I think it’s a good team. I think . . . ownership, the coaching staff, the management, I think all that stuff is really good, and it’s been really good for all of us.”

Spielman and Zimmer both were entering the final year of their contracts. “Wanted to start off by thanking the Wilf family,” Spielman said in conference call. “My family and I have been blessed for 15 years to be a part of this organization and very excited about the future and what lies ahead for us.”

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Spielman became the Vikings’ General Manager in 2012, six years after arriving in Minnesota as vice president of player personnel.

The team has made the postseason four of his eight seasons as G.M. and reached the NFC Championship Game in the 2017 season.

Minnesota ranks ninth in the NFL with a .570 winning percentage (72-54-2) during that eight-season span.

“We appreciate Rick’s work ethic, diligence and commitment to the Vikings,” Vikings owner/chairman Zygi Wilf said in a statement. “We continue to have the utmost confidence in him as we work to assemble championship-caliber teams to reach our ultimate goal of winning a world championship.”

During the 2020 NFL draft, Spielman turned 12 picks into a seven-round NFL-record 15 selections with two additional picks gained for the 2021 NFL draft through trades. The Vikings’ 2020 class is the largest since the NFL condensed its annual draft to seven rounds in 1994.

It also marked Minnesota’s first 15-member class since 1985, tying for the largest overall draft class since 1976, when the team added 17 players over 17 rounds.

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Vikings head coach Mike Zimmer agrees to multi year contract extension

Mike Zimmer has agreed to a multi-year contract extension with the Minnesota Vikings, according to NFL Network’s Tom Pelissero. The 64-year-old coach was entering the final year of his current contract with the club. Including the playoffs, Zimmer has compiled a 59-41-1 record during his first six campaigns with the franchise.

The Vikings have made the playoffs three times under Zimmer that included a trip to the NFL title game in 2017. In 2019, after just falling short of the postseason in 2018, the Vikings went 10-6 during the regular season before upsetting the Saints in the wild card round of the NFC playoffs.

Minnesota would then fall to the eventual NFC champion 49ers in the divisional round.  Zimmer is already the third-winningest coach in Vikings history, behind Hall of Fame coach Bud Grant and Dennis Green. He told Pelissero last summer that he’s feeling good, and that he doesn’t see any reason he can’t coach until he’s 70.

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Before coming to Minnesota, Zimmer spent 20 seasons as an NFL assistant that included 14 seasons as a defensive coordinator. After 15 seasons in the college ranks, Zimmer landed his first NFL job in 1994, serving as an assistant on the Cowboys’ defensive staff. The next season, as the team’s defensive backs coach, Zimmer would coach a secondary that recorded five interceptions during Dallas’ triumphs over Green Bay and Pittsburgh in the NFC playoffs.

In Super Bowl XXX, one of his players — cornerback Larry Brown — took home MVP honors following the Cowboys’ 27-17 victory over the Steelers. 

Zimmer spent seven seasons as the Cowboys’ defensive coordinator (2000-06) and one season as the Falcons’ defensive coordinator (2007) before joining Marvin Lewis’ staff in Cincinnati in 2008.

Over the next six seasons, Zimmer helped the Bengals’ defense turn into one of the NFL’s better units. Cincinnati’s defense would help the Bengals capture AFC North division titles in 2009 and in 2013.  In 2015, his second season as the Vikings’ coach, Zimmer directed Minnesota to its first division title since 2009.

The Vikings following that season up with three more winning seasons under Zimmer, who it appears will remain in Minnesota for the foreseeable future. 

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Chiefs Patrick Mahomes agree to 10 year contract extension

Patrick Mahomes, a year removed from his first league MVP award and just four months after leading the Chiefs to victory in Super Bowl LIV, is about to cash in on his early success. Mahomes, the first player in league history to win league and Super Bowl MVP honors before his 25th birthday, has come to terms on a 10-year deal with the Chiefs, according to ESPN’s Adam Schefter.

The contract is reportedly the richest deal in NFL history. Also, per Schefter, Mahomes’ 10-year extension is worth $450 million with a $140 million injury guarantee. CBS Sports’ Jason La Canfora reports Mahomes’ 10-year extension will be guided by a mechanism that ensures the quarterback’s annual salary never drops below certain cap thresholds — in other words it will always be above a certain percentage of the NFL’s salary cap.

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It is unusual to see a contract extension of this length  — and with those clauses and parameters — but it’s also rare to see a quarterback accomplish what Mahomes has this few years into his career. Back in January, CBS Sports NFL insider Jason La Canfora reported that the Chiefs were formulating to offer Mahomes a record-setting contract that would pay him at least $40 million a season.

The 10th overall pick in the 2017 NFL Draft, Mahomes was entering the final original year of his four-year, $16.4 million rookie contract.

The Chiefs did pick up his fifth-year option back in April.  Had Mahomes played under his fifth-year option in 2021, he would have made $24,837,000, according to CBS Sports’ Joel Corry. Mahomes is now slated to join the list of the NFL’s highest-paid quarterbacks.

In terms of annual salary, Russell Wilson currently holds the title as the league’s highest-paid quarterback, receiving an annual salary fo $35 million. The league’s other top-paid passers involve Ben Roethlisberger ($34 million), Aaron Rodgers ($33.5 million), Jared Goff ($33.5 million), Kirk Cousins ($33 million), Carson Wentz ($32 million), Dak Prescott ($31.4 million) and Matt Ryan ($30 million), according to Over the Cap. 

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Jalen Ramsey, Rams ‘on same page’ concerning contract extension

The Los Angeles Rams have been in contact with Jalen Ramsey’s representatives regarding a contract extension as the All-Pro cornerback enters the final season of his rookie deal.

Ramsey was coy Tuesday when asked where negotiations stood.

“The Rams know where I stand,” Ramsey said on a video conference with reporters. “I think that’s all that matters at the end of the day. It will be handled. They know where I stand. They’ve been in contact with my agent. They’re on the same page as my agent.”

When asked whether he would attend training camp if he had yet to sign an extension, Ramsey showed no hesitation.

“Yeah, for sure,” he stated.

Ramsey is estimated to command a record-breaking contract, and it’s anticipated that he will have the upper hand in negotiations, given what the Rams paid to acquire him before the trade deadline last campaign. The Rams sent their 2020 and 2021 first-round draft picks and a 2021 fourth-round selection to the Jacksonville Jaguars for Ramsey, who was the No. 5 overall pick in 2016.

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“I can’t really worry about that,” Ramsey said about the negotiations. “I just control what I got to worry about right now. I feel like everybody knew what type of situation it was gonna be once they traded for me, so I think it doesn’t really need to be talked about that much. It’ll get handled.”

Considered among the top lockdown corners in the NFL, Ramsey has 10 interceptions, including one for a touchdown, and 49 pass deflections in four seasons.

The Rams have been aggressive in signing players to record-breaking contracts over the past two years.

Running back Todd Gurley signed a four-year, $40 million extension in July 2018 that involved a record-breaking $45 million guaranteed. A month later, defensive tackle Aaron Donald signed a six-year, $135 million extension that amounted to the richest contract ever signed by a defensive player. Last September, quarterback Jared Goff signed a four-year, $134 million deal that includes a record-breaking $110 million guaranteed.

The Rams, however, cut Gurley this offseason and also traded receiver Brandin Cooks, who was in the midst of a five-year, $81 million contract.

Gurley’s and Cooks’ contracts will cost the Rams nearly $30 million in dead money cap charges in 2020.

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Veteran Patrick Chung agrees to two-year extension

The New England Patriots have agreed to a two-year extension with longtime safety Patrick Chung that will have him under contract in Foxborough through the 2023 season, according to Field Yates of ESPN.

Chung gets $3 million to sign, per Yates, and is now due up to $12.8 million over the next four years.  Chung was already signed through the 2021 season after inking a one-year extension with the team last offseason, but the club did have an out to his contract this offseason where they could have cleared nearly $2 million off their books for 2020.

This deal for New England could kill two birds with one stone as it could potentially free up enough space to sign rookie safety and 2020 second-round pick Kyle Dugger to his rookie contract along with ensuring that the veteran Chung, who’ll be 33 years old by the start of the regular season, will be under Patriots control likely for the rest of his career. 

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Chung has been one of the more reliable and underrated pieces to the Patriots defense, a unit that was the best in the NFL in 2019 by nearly every meaningful measure.

In 13 regular season matches played, he totaled 51 tackles and three passes defended. 

The safety was originally drafted by the Patriots in the second round of the 2009 NFL Draft out of Oregon and has spent the large majority of his career in New England (minus a one-year stint with the Philadelphia Eagles in 2013).

During this second stint with the Patriots, Chung has really come into his own as Bill Belichick and company have put him in a far better position for success, moving him to the strong/box safety role. 

Chung will be 36 years old by the time this contract is up and has dealt with a number of injuries throughout the course of his career, so it’s uncertain if he’ll actually play to the end of this contract. In fact, Jeremy Fowler of ESPN reported on Wednesday that the safety considered retirement before re-upping with the Patriots.

The team did seem to find a potential heir to Chung at the 2020 draft, however, in Dugger, who could be groomed over that time to rise through the ranks in the secondary. 

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Cubs are not working on Anthony Rizzo extension

One of the most critical parts of this Cubs’ offseason is figuring out which players will be sticking around for the long haul.

That’s because a number of the team’s young core players will be due for new contracts coming up in the next two years. That includes the leader of this current era of the team, who has been with the group since the early days of the Theo Epstein rebuild back in 2012.

Anthony Rizzo’s contract runs through the 2021 season, with that last year being a club option for $16.5 million in that final season. It’s the same time which Javier Baez, Kris Bryant, and Kyle Schwarber have their deals coming up, with Willson Contreras up after that, so the Cubs will have some tough options coming up soon.

Many believe a few could be mad this offseason, but one that reportedly won’t take place is a long-term extension for Rizzo.

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Rizzo is currently on a seven-year, $41 million contract extension that he signed back in May of 2013 that included two club option years for $16.5 million.

Naturally, the Cubs picked it up for the 2020 season to keep one of their leaders in the clubhouse around.

Joining the team via trade from the Padres in January of 2012 as one of the first major moves after Epstein took over the club in October of 2011. Since then, Rizzo has been an All-Star and Gold Gold Glove winner at first base while also winning the Silver Slugger Award in 2016 along with the Robert Clemente Award for service in 2017.

He’s was the anchor of this era of the franchise that brought the club their first World Series championship in 108 years in November, 2016.

While the desire may be there on both sides to have Rizzo finish his career with the Cubs, the time is not right for either side to make that happen.

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