When the Denver Broncos signed wide receiver Josh Reynolds to a two-year contract last week, the deal was originally said to be worth “up to” $14 million. That’s a classic agent line that gives the potential maximum value if every incentive is reached, but it doesn’t mention the base salary.
Reynolds’ contract details are now known and his deal is worth much less than $7 million per season.
Reynolds received a $2 million signing bonus that will be prorated as $1 million cap hits over the next two years. This season, he will have a base salary of $2,245,000 and a per-game roster bonus of $255,000. That will give Reynolds a total salary cap hit of $3.5 million in 2024.
Next year, Reynolds’ base salary will increase to $3.99 million and his per-game roster bonus will jump to $510,000. That will give the receiver a salary cap hit of $5.5 million in 2025.
It’s a essentially a two-year, $9 million contract for the veteran receiver. Reynolds will have $2,245,000 in guaranteed salary this year but no guaranteed pay in 2025. So the Broncos would save $4.5 million if they cut him next year.
Reynolds, 29, is entering his eighth season in the NFL. Denver has about $17.84 million in remaining salary cap space.
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