Tagged in: four-year

Green Bay Packers, Jaire Alexander finalizing four-year, $84M extension

It was never a question of if the Green Bay Packers were going to sign All-Pro cornerback Jaire Alexander to a contract extension. It was only a matter of when and for how much.

It happened on Monday, and it included a defensive-back-record signing bonus of $30 million as part of a four-year, $84 million contract, Alexander’s agent, John Thornton, told ESPN’s Adam Schefter. Alexander’s new deal averages $21 million per year, also a new mark for defensive backs.

Alexander had previously been tied to the Packers for only this season on the fifth-year option to his rookie contract. That would have paid him $13.294 million for 2022, and the whole total would have counted on this year’s salary cap. With the signing bonus prorated and a lower base salary of $1.076 million, the Packers will create significant additional salary-cap space.

Before this deal, they had about $11 million in cap space. Exactly how much cap space was created won’t be known until the full details of the contract become available.

Get all the latest Betting and Sport News updates on your social media outlets.

Packers general manager Brian Gutekunst had hinted that an extension for Alexander wouldn’t be far off.

When asked before the draft last month whether they could get a long-term deal done with him, Gutekunst said: “I think we’ll get [through] this draft weekend and we’ll go down that road with some of those players.”

“He’s such a big part of what we’re doing; he’s been such a good player for us since the day he kind of arrived,” Gutekunst said of Alexander earlier this offseason. “We’d love for [an extension] to happen. Certainly we’ve been in communication with his representation and we will continue to be as we go through the year.”

The Packers’ first-round pick (No. 18) in 2018 quickly became a star. He was named to the Pro Football Writers of America All-Rookie team in 2018, was picked as a Pro Bowl alternate in 2019 and made his first Pro Bowl in 2020 — when he also earned second-team All-Pro honors.

Although he played in only four matches last regular season because of a shoulder injury, he returned after a three-month absence to play in the NFC divisional playoff game versus the 49ers.

He led the Packers in pass breakups in each of his first three seasons and had the fourth-most pass breakups in the NFL from 2018 to 2020 with 42, according to ESPN Stats & Information data. Only James Bradberry (with 45), Stephon Gilmore (43) and Janoris Jenkins (43) had more.

The Packers have made a significant commitment to the cornerback position in the past year. They drafted Eric Stokes in the first round of the 2021 draft and then this March re-signed Rasul Douglas to a three-year, $21 million deal.

Check WagerWeb and find the best online betting site.

Padres reportedly sign RHP Nick Martinez

The Padres reportedly signed RHP Nick Martinez to a four-year contract worth $20 million.

However, the deal did not get done before the current MLB lockout.

Once the deal is completed and official, Martinez will have opt-outs after each of the first two seasons, but the Padres will hope he becomes a critical part of the Padres rotation. He’ll be a free agent until the lockout ends.

Martinez, who spent four campaigns with the Texas Rangers from 2014-2017, played the past four years in Japan.

The veteran pitcher owns a 3.44 ERA over his career in the NPB, but posted a stellar 1.62 ERA for the Fukuoka SoftBank Hawks in 2021. These numbers prompted the Padres to make a move. Martinez also pitched in the Tokyo Olympics for Team USA, as they secured a silver medal. 

Martinez actually played second base for most of his collegiate career at Fordham. He pitched in 15 matches, and the Rangers chose to develop him as a pitcher. The native of Miami was drafted in the 18th round of the 2011 Major League draft but worked his way up the ranks quickly.

Get all the latest Betting and Sport News updates on your social media outlets.

He made his professional debut in the Arizona Complex League and pushed his way up to Double-A in the 2013 season. After a strong spring training, he was named as the fifth starter for the Texas Rangers for the 2014 season. He made 29 appearances for the Rangers, counting 24 starts.

Martinez pitched 140.1 innings, posted a 4.55 ERA and a 1.461 WHIP. His season highlight came on September 23, when he threw 6.2 scoreless innings and permitted just five hits versus the Astros. 

Martinez also pitched well in 2015, posting a career-best 3.96 ERA in 125 innings and 21 starts. That year, he did lead the major leagues in hit batters.

Unfortunately, he struggled in 2016, splitting time between the Rangers and Triple-A Round Rock. Ultimately, he made 12 appearances and just five starts for the Rangers. The pitcher didn’t perform very well in his limited time, posting a 5.59 ERA.

He did get extended opportunities in 2016.

The right-handed pitcher made 23 appearances and 18 starts in the 2017 season, as he pitched 111.1 innings, but struggled again, putting up a 5.56 ERA.

Nick Martinez hit free agency after the season, and after struggling in his previous two seasons, there wasn’t much interest from teams in the States.

The veteran pitcher signed a one-year deal with the Nippon Ham-Fighters. He put together a strong season recording a 3.51 ERA, which was enough to get him another one-year contract for the 2019 season.  

That year, Martinez put up a 3.51 ERA for the second consecutive season, pitching in 161.2 innings and striking out 93 batters in the process.

For the 2020 season, Nick Martinez re-signed with the Ham-Fighters. But in 17 appearances, the pitcher struggled. Martinez was only able to produce a 4.62 ERA and became a free agent after the season ended.

The Fukuoka SoftBank Hawks came calling, and he has been stellar. His 1.62 ERA came in 149.2 innings, and his career-best professional season earns him a contract with the Padres. 

The veteran right-handed pitcher will compete with players such as Chris Paddack and MacKenzie Gore to make the back end of the rotation. If he doesn’t make the rotation, he’ll factor into the bullpen to some degree.

His time in Japan helped him develop, and he’ll look to be a major player in the Padres pitching staff in 2022 and beyond.

Check WagerWeb and find the best online betting site.

Seattle Seahawks giving WR Tyler Lockett a $69.2M extension

The Seahawks are giving wide receiver Tyler Lockett a four-year, $69.2 million contract extension that incorporates $37 million guaranteed, a source told ESPN’s Adam Schefter on Wednesday.

Lockett was entering the final season of a three-year, $31.8 million extension he signed in 2018. He has had his three best seasons since then, with 28 receiving touchdowns (fifth among NFL wide receivers) and 3,076 yards (13th).

The $17.3 million new-money average in Lockett’s extension ranks 10th among NFL wide receivers, according to Spotrac.com.

Lockett, 28, was a third-round pick by Seattle in 2015. He made the Pro Bowl and was a first-team All-Pro as a returner in his rookie season, then came back from a compound leg fracture late in the 2016 season to start every game in 2017.

He has since supplanted the retired Doug Baldwin as Seattle’s No. 1 receiver. Last season, Lockett and DK Metcalf became only the second pair of Seahawks receivers in team history to each top 1,000 yards in the same year.

Get all the latest Betting and Sport News updates on your social media outlets.

With Metcalf a year away from becoming eligible for what is expected to be a massive payday, there was no guarantee that Seattle would reinvest in Lockett with a third contract.

Lockett was set to have the third-largest cap hit of any Seahawks player in 2021 at $14.95 million. His extension lowers that number to around $7 million, a source told ESPN.

That gives Seattle some needed breathing room against the cap and is one reason for the timing of Lockett’s extension, which comes much earlier in the offseason than when the Seahawks typically do new deals for players who are under contract.

Lockett has shown a knack for improbable catches. Among players with at least 200 targets, he has the second-highest catch percentage over expectation since 2018 at plus-12%, according to NFL Next Gen Stats.

That ability was on display during an overtime loss to the Arizona Cardinals last campaign, when Lockett turned in the most productive game of his career with 15 catches for 200 yards and three touchdowns.

“It’s one thing to make a catch like that some time in your life, but to do it every time you get a chance, it’s pretty crazy — and particularly under pressure and the stress of the game and the situation, all that,” coach Pete Carroll said after that game.

“He’s a phenomenal, phenomenal football player.”

Check WagerWeb and find the best online betting site.

QB Dak Prescott, Dallas Cowboys reach four-year, $160 million deal

The Dallas Cowboys and quarterback Dak Prescott have agreed to a four-year, $160 million deal, including $126 million guaranteed, a source told ESPN’s Adam Schefter on Monday.

The deal, which is technically for six years but voids to four so as to help Dallas against the salary cap, can be worth up to $164 million, a source said.

Prescott’s signing bonus is $66 million, the highest in NFL history, with a record $75 million due in year one, Schefter reported. The first three years of the deal average $42 million per year, according to a source.

The Cowboys revealed they had agreed to a contract with Prescott but did not disclose terms. The Cowboys will place the franchise tag on Prescott on Tuesday as a procedural matter, a source told Schefter.

The Cowboys announced they will hold a Wednesday news conference. Prescott’s salary-cap number for this campaign will be $22.2 million instead of the $37.7 million that would have come along with the franchise tag, a savings of $15.5 million against this season’s cap, Schefter reported.

Get all the latest Betting and Sport News updates on your social media outlets.

The process to reach a long-term deal with Prescott covered three offseasons, multiple mega-million offers and hours of negotiations. The Cowboys, all along, said they wanted Prescott to be their franchise quarterback for the present and future, and Prescott stated he wanted to stay with the Cowboys.

It just took a lot longer than normal.

Prescott, who will turn 28 in July, is coming off a compound fracture and dislocation of his right ankle suffered in the Week 5 win versus the New York Giants in October, but he was predicted to make a full recovery during the offseason.

The Cowboys have missed the playoffs in three of the past four seasons.

Prescott’s absence in 2020, however, showed how integral he is to their success. Before getting hurt, he threw for 1,856 yards with nine touchdowns and four interceptions in five games.

The Cowboys’ offense scuffled along for a few weeks without Prescott, scoring one touchdown in three games after scoring at least 31 points in four of their first five games.

In five seasons, Prescott has a team-record seven 400-yard passing games and 24 rushing touchdowns, the most by a Cowboys quarterback. He is second to Tony Romo in 300-yard passing games with 15. Prescott also has proved to be clutch with 15 game-winning drives.

Prescott, the Cowboys’ 2016 fourth-round pick, has posted a 42-27 record with 17,364 passing yards to go along with 106 touchdown passes and 40 interceptions.

With the contract secured, the expectations will be even greater on Prescott to deliver a Super Bowl to an organization that has not made it to the title game in 25 years.

Check WagerWeb and find the best online betting site.