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September 09, 2010

Just CHILL: Austin's contract is really a seven-year, $57 million deal with a salary of $17 million in 2010

Mymug1 

Several different numbers have been reported for Miles Austin's contract. The Cowboys called it a six-year extension. In that respect, it's six-year extension worth 54 million in new money. But the kicker is that the deal includes the $3.1 he was scheduled to make this year. So he will make roughly $57 million over the next seven seasons, including $18 million guaranteed, a source said.

But if you look at how the contract is being worked on paper it's really a uniquely structured $57 million deal over the next seven years, the source said The deal includes no signing bonus or option bonuses. All the money is tied to his yearly base salaries.

And his base salary will be a whopping $17 million in 2010, a source said, not the $3.1 he was scheduled to make.

Now he won't get all $17 million this season. $10 million will be paid in weekly checks during the 17-week season with the other $7 million paid off in deferred payments over the next two years.

His base salary next season is $8.5 million with some of that also being deferred. According to the source, Austin will take home roughly $18 million over the next two seasons combined.

His base salary in year in 2012 will be around $1.5 million.

The base salaries will again escalate in subsequent seasons.  But the bottom line is the Cowboys were able to work out a cap friendly deal no matter what the future holds as for as the league's labor negotiations.

That $17 million will count this year when there is no salary cap puts the Cowboys ahead of the game. And an $8.5 cap figure in 2011 no matter what the prospective new cap will be is not out of whack. Of course's that's if there is a cap and a new deal, barring a strike or lock out.

The down the line years will take care of themselves.


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