Packers’ contract for Ricky Jean-Francois worth just $2 million with $250k guaranteed

Once again, the terms of the Green Bay Packers’ contract with a veteran player are even better than initially reported.

Last week, word got out that the Packers had signed defensive lineman Ricky Jean Francois to a one-year contract. At that time, the reports indicated that the deal was worth $3 million, a decent price for a solid veteran lineman.

Today, Bob McGinn of Packersnews.com reported the official terms of the contract and it’s an even better deal for the team. According to McGinn, the contract is worth just $2 million total, and the only guaranteed money comes in the form of a $250,000 signing bonus.

Here’s the full breakdown:

• Base salary: $1.25 million
• Signing bonus: $250,000
• Per-game active roster bonuses: $25,000 per game ($400,000 total)
• Workout bonus: $100,000

Because RJF’s signing kicks a minimum salary off the top 51 contracts list for the Packers, the net effect of this contract on the cap is only about $1.5 million. According to the NFLPA, the Packers currently have $22,378,948 in salary cap space as of Tuesday morning.

This deal is yet another example of the Packers adding a nice depth piece to the team at a relatively inexpensive cost. Could the team continue to add pieces like this over the next few weeks or following the NFL Draft? Stay tuned.