The contract numbers are finally up for the three-year $5.5 million contract signed by Pittsburgh Steelers linebacker Larry Foote earlier this week and the breakdown is below.
Foote received a $1 million signing bonus and base salaries of $1.5 million in each of the three years of the deal.
Foote, who was reportedly also being courted by the Arizona Cardinals, likely needed more guaranteed money up front from the Steelers in order to stay, and thus the $1.5 million base salary in 2013. In total, he gets $2.5 million guaranteed.
After 2013 Foote can easily be released with the Steelers only having to incur a $666,666 dead money charge in 2014.
Here is the thing we do know for sure, Foote will be starting alongside Lawrence Timmons this year. Beyond that, nothing is guaranteed.
YEAR | BASE | SB PRORATION | CAP CHARGE | DEAD MONEY |
2013 | $1,500,000 | $333,333 | $1,833,333 | * |
2014 | $1,500,000 | $333,333 | $1,833,333 | $666,666 |
2015 | $1,500,000 | $333,333 | $1,833,333 | $333,333 |