Antonio Brown had been seeking a new deal for the past two years. Each time he came to the Steelers they advanced him money on future salary and effectively created a necessity to re-do his deal prior to the 2017 season.
Details on Brown’s new deal are scarce, but he had 1 year remaining at $4.71 million and his new deal is 5 years total (4 new) at $72.71 million total. That would mean the new money is generated by a 4 year extension averaging $17 million per year.
If Ian Rapoport’s report is to be believed, Brown will receive $55.5 million over the first 3 years of the deal and $68 Million over the first 4 years.
#Steelers WR Antonio Brown's contract details: 4-year extension worth $68M. $17M per year over 4 years and $18.5M over 3 years. 💰💰💰
— Ian Rapoport (@RapSheet) February 27, 2017
The addition of $17 million per year in new money makes Brown the highest paid wide receiver in NFL history. A distinction he should be able to maintain for at least one, and possibly two years as Sammy Watkins, Mike Evans, Odell Beckham Jr., Brandin Cooks and Kelvin Benjamin are all tied to their teams through 2017 and should all receive a 5th year option tender this May that will tie them to those teams through 2018.
Brown’s deal is not likely to have a huge impact on the salary cap. That of course is the only reason most of you are reading this.
I’ll speculate that Brown’s signing bonus will be in the neighborhood of $20 million.
He had $8,908,334 in remaining 2017 bonus proration. The result of multiple restructures and advances on future salary.
The minimum salary for a player going into his 8th season is $900,000.
If he will receive $20 Million at signing, that bonus can be prorated (accounted for) over 5 years, or $4 million each year.
$8,908,334 remaining 2017 bonus proration
$ 900,000 base salary
$4,000,000 signing bonus proration
$13,808,334 2017 cap hit. His scheduled cap hit before this extension was $13,618,334. The new cap hit is less than $200,000 more in this scenario.
Bear in mind that I am speculating, but that it should come in pretty close to this in 2017, at least.