The Pittsburgh Steelers officially re-signed unrestricted free agent defensive tackle Larry Ogunjobi to a three-year contract on Friday, and the details of that deal are now known.
According to Aaron Wilson of KPRC2 in Houston, Ogunjobi signed a three-year, $28.7 million contract. As part of that deal, Wilson reports that Ogunjobi received a $10.6 million million signing bonus and base salaries in 2023, 2024 and 2025 of $1.4 million, $5 million and $4 million, respectively. He also has a $4.75 million roster bonus due in March of 2024 and another $3 million roster bonus due in March of 2025, per Wilson.
Ogunjobi’s cap charges in 2023, 2024, and 2025 are set to be $4,933,333, $13,283,333 and $10,533,334, respectively. His contract has a cash flow of 12 million in 2023, $21.75 million through 2024 and $28.75 million through 2025.
As far as full guarantees go, Ogunjobi has $12 million in his contract and that is his 2023 take of his signing bonus and base salary. His $5 million base salary in 2024 is guaranteed for injury only. His 2024 roster bonus gives the Steelers an out. It also gives them an opportunity to restructure next March to clear some salary cap space should they need to. If he doesn’t get injured in 2023, the Steelers can cut Ogunjobi next March should his play decline.
The Steelers signed Ogunjobi to a one-year, $8 million contract last offseason. He did deal with a toe injury during the latter part of the season and that may have played a part in his overall lack of production versus what was probably expected.
In total, Ogunjobi played 636 defensive snaps in 2022 and 55 more on special teams. He ended the season with 48 total tackles with seven resulting in lost yardage. He was credited with 1.5 sacks in 2022 and 11 quarterback hits. He missed one game in the middle of the season due to a knee injury.