The Pittsburgh Steelers signed cornerback Cortez Allen to a four-year contract extension prior to the start of the 2014 regular season and the numbers have now hit the NFLPA.
Allen received a $6.75 million signing bonus as part of the deal and his 2014 base salary is now $650,000 after previously being scheduled to be $1.431 million. Allen will also be in line to receive a $3 million roster bonus in March and that means he will have earned $13.031 million in the first two years of the deal.
Allen’s new deal only increased his 2014 cap charge by $569,000 and his 2015 cap charge of $6.981 million is scheduled to be the highest for the life of the deal.
While structured a little bit differently, Allen’s numbers came in pretty close to what I predicted back in June. The $6.75 million signing bonus makes this a very attractive deal.
Baring an injury, Allen will be in Pittsburgh through the 2016 season at the very least and there’s no reason to think he won’t play out the entire contract.
Below is a break down of the contract along with the cap charges based on those numbers.
| YEAR | BASE SALARY | SIGNING BONUS | WO BONUS | ROSTER BONUS | CAP CHARGE |
|---|---|---|---|---|---|
| 2014 | $650,000 | $1,447,875 | $0 | $0 | $2,097,875.00 |
| 2015 | $2,631,000 | $1,350,000 | $0 | $3,000,000 | $6,981,000.00 |
| 2016 | $4,400,000 | $1,350,000 | $0 | $0 | $5,750,000.00 |
| 2017 | $4,300,000 | $1,350,000 | $0 | $0 | $5,650,000.00 |
| 2018 | $4,300,000 | $1,350,000 | $0 | $0 | $5,650,000.00 |
