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JUST IN: Patriots Star has just announced he has no intensions to renew contract and he will…
- Jauan Jennings, WR (49ers): Two years, $15.39MM. We noted a couple of details in our original report of Jennings’ one-year bump, but thanks to OvertheCap.com, we now have a few more details. First, we see that San Francisco is taking advantage of the recent void year trend that continues to grow in popularity. Jennings’ deal contains four void years at the conclusion of his contract, spreading $14.15MM of his cap hit from 2026 to 2029. Because of this, his cap hits for the next two years will be $2.77MM and $4.26MM, respectively, but if he doesn’t sign a new deal by 2026, he will hold an $8.3MM cap hit despite not being on the roster that year. We originally noted the reported guarantees as $10.54MM, but we now know that he is guaranteed $8.44MM at signing consisting of his $6.21MM signing bonus and both years’ base salaries (worth $1.06MM in 2024 and $1.17MM in 2025).
- Darius Slayton, WR (Giants): Two years, $12MM. We recently saw the Giants add some incentives to a restructured deal for their leading receiver of the past few years. Aaron Wilson of KPRC 2 reports that, as a result of the new deal, New York will see Slayton’s cap hit drop from $8.15MM to $7.75MM. His base salary in 2024 also sees a reduction from $2.7MM to $2.5MM. He should receive a $2.4MM roster bonus, a $350K workout bonus, and could earn up to $750K for the year in per game active roster bonuses.
- Drake Maye, QB (Patriots): Four years, $36.64MM. Most rookies don’t get much say in how their first NFL contracts look. Overall contract value for first-year players is determined by their draft slot. One point of negotiation, per Mike Garafolo of NFL Network, appears to be the time it takes for a rookie to receive guaranteed money like signing bonuses. On this note, New England’s new passer will receive all $23.47MM of his signing bonus within 14 days of signingthe deal, a huge, timely payout for the North Carolina-product.
