The Buffalo Bills signed Stefon Diggs to a four-year extension. Its locks the All-Pro wide receiver into a deal with the team through the 2027 season.
Overall, Diggs’ next deal worth $96 million. Of that, $47.9M was guaranteed as signing according to Spotrac. The 29-year-old’s new contract averages around $21M per year.
As things naturally go with Buffalo general manager Brandon Beane, some of the old money was moved around to help the team’s salary cap out while also paying his player.
Slated to make just south of $10M over the next two years in salary, the Bills converted some of Diggs’ money into various bonuses. Almost half of his guaranteed dollars, $21.5M, comes via signing bonus. Another chunk comes in a bonus next season.
Such maneuvers helped Beane and the Bills keep Diggs’ cap hit smaller this upcoming year for Buffalo.
Diggs’ cap hits over the course of his contract are (dead cap hits):
- 2022: $11.7M ($56.7M)
- 2023: $20.3M ($45.5M)
- 2024: $26.5M ($25.7M)
- 2025: $26M ($18.2M)
- 2026: $27.1M ($10.7M)
- 2027: $21.2M ($3.2M)
The difference in cap hit and dead cap hit is the total the team would save if the player is moved.
Overall, the Bills opened up around $6.2M in salary cap space for 2022 by lowering his cap hit to $11.7M.
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