A final initial breakdown of Jared Goff's new contract
Since news came of Jared Goff's massive new contract with the Detroit Lions, some details have trickled out. Speaking to the media on Thursday morning, Goff revealed a detail of his new deal that was the most important to him, beyond money.
"It was mostly security," Goff said. "You can go back and forth on the numbers and whatnot, that wasn't really the thing was ever something I was strongly concerned with. It was the security and the no-trade clause, all that stuff, knowing all that was in there. Feeling secure and then knowing that I can now put that behind me and be excited about what's to come."
Being traded by the Rams like he was, before the contract extension he signed with them technically started, surely played a huge role in Goff wanting a no-trade clause. If things go awry, he'll have say about if he's moved and where he goes.
A finial (initial) breakdown of Jared Goff's new contract
Others want to lament using the sources we have available to us for immediate contract details, salary cap hits, etc. But according to Over The Cap and Spotrac, here are some more details of Goff's new contract.
2024
Base salary: $2.61 million
Prorated signing bonus: $14.6 million
Guaranteed salary: $7.61 million
Roster bonus: $5 million
Restructure proration: $5 million
Cap hit: $27.21 million
2025
Base salary: $18 million (fully guaranteed)
Prorated signing bonus: $14.6 million
Cap hit: $32.6 million
2026
Base salary: $55 million
Fully guaranteed salary: $20 million (remaining $35 million becomes guaranteed in 2025)
Prorated signing bonus: $14.6 million
Cap hit: $69.6 million
2027
Base salary: $40 million ($22 million guaranteed for injury at signing, remaining $18 million becomes fully guaranteed in 2026)
Prorated signing bonus: $14.6 million
Dead money (pre-June 1 cut): $29.2 million
Cap hit: $54.6 million
2028
Base salary: $39 million
Prorated signing bonus: $14.6 million
Roster bonus: $7 million
Workout bonus: $1 million
Dead money (pre-June 1 cut): $14.6 million
Cap hit: $61.6 million
Jason Fitzgerald of Over The Cap openly acknowledged the uncertainty around how some mechanics of the cap charges in Goff's deal will ultimately look.
"As for the salary cap charges, I am not entirely sure at the moment, though we do have estimated online. His cap charge in 2024 should be $27.211 million, a savings of $5.08 million. His 2025 cap charge is $32.6 million but my assumption is that the Lions will pay some of his salary as an option bonus to reduce that figure, though the Lions should be ok with their cap in 2025 so it may not be a concern. The number could be as high as $69.6 million in 2026 but again I would imagine that there is already a cap conversion mechanism in place to reduce that, likely dumping money into void years beyond the expiration of the contract."
In way you slice it, with the no-trade clause and how the cap impact looks, the Lions are married to Goff through at least 2027 and he's getting paid well. The $73 million signing bonus is indeed the largest in NFL history, as it also accounts for a huge chunk of the guarantees and the surface total value.