Jimmy Garoppolo’s contract has small cap hit, only $3.2M guaranteed

Jimmy Garoppolo’s deal was reported as being worth up to $12 million, but his cap hit and guaranteed money is very manageable for the Rams

When the Los Angeles Rams first signed Jimmy Garoppolo to a one-year deal, it was reported as being worth up to $12 million with incentives. That was obviously a very big number, but the words “up to” were very important.

Even still, the initial reports said the base value was $4.5 million.

The full details of Garoppolo’s contract with the Rams have since been released by Over The Cap and it’s very manageable for Los Angeles. According to OTC, Garoppolo has a base salary of $1.21 million, which is fully guaranteed, and he also got a $1.97 million signing bonus.

In total, that brings his fully guaranteed money to $3.18 million, which is also his cap hit for the 2024 season. That’s not a big number and puts him in the range of cap hits for backups such as Tyrod Taylor ($2.8 million), Cooper Rush ($2.9 million), Case Keenum ($3.3 million) and Davis Mills ($3.4 million).

For a veteran with as much experience as Garoppolo has, it’s a fairly inexpensive contract given out by Les Snead and the Rams. There are 41 quarterbacks with larger cap hits than Garoppolo in 2024 and that’s before the incoming rookies even hit the board.

Yes, the max value is high but that’s most likely attributed to extended playing time in the event that Matthew Stafford gets injured. In that scenario, the Rams will need someone as experienced as Garoppolo.