The contract details are in for newly signed Arizona Cardinals defensive tackle Jordan Phillips. He agreed to a three-year, $30 million contract with the Cardinals after a career season with the Buffalo Bills.
That looks like it could have a decent-sized hit on the salary cap. It doesn’t in 2020.
According to cap sites like Over the Cap, $14.5 million of the deal is fully guaranteed at signing and another $4 million becomes guaranteed next year.
The Cardinals did some cap maneuvering with his deal. Since they do not have a lot of cap space left right now, they created a dummy year at the end of Phillips’ contract. They give him an $8 million signing bonus. There is a fourth year on the contract but that voids after the third season. That allows the signing bonus to be spread out over four years.
His salary for 2020 is $2 million. So his cap hit this year is only $4 million even though he gets $10 million in cash.
His salary for 2021 and 2022 are both $10 million, so it is not complicated. He will have a cap hit of $12 million both seasons. Then, in 2023, when his contract voids, his contract will carry a $2 million hit in dead money.
So these are his salary numbers and cap hits per year:
2020: $2 million salary, $4 million cap hit
2021: $10 million salary, $12 million cap hit
2022: $10 million salary, $12 million cap hit
2023: $2 million dead money
[vertical-gallery id=434549]
Listen to the latest from Cards Wire’s Jess Root on his podcast, Rise Up, See Red. Subscribe on Apple podcasts or Stitcher Radio.
Ep. 261
[protected-iframe id=”d86bd5f63d5bb1802434c3656dc196ff-112738498-106269283″ info=”https://api.spreaker.com/v2/episodes/23833732/download.mp3″ ]
Ep. 260
[protected-iframe id=”191cb7af54af090fb185ae46227d1137-112738498-106269283″ info=”https://api.spreaker.com/v2/episodes/23462482/download.mp3″ ]