What we learned about over a week ago finally became official on Tuesday when the Green Bay Packers' players reported for offseason workouts: quarterback Matt Flynn signed his new one-year contract on Tuesday morning, and that allowed him to take part in the full offseason program.
Today, we learned the details of Flynn's deal, thanks to Aaron Wilson of the Baltimore Sun:
Matt Flynn 1-yr, $968,125 GB deal: $730K salary, $75K bonus, $25K workout bonus, per game active roster bonus up to $138,125 + $100K incent.— Aaron Wilson (@RavensInsider) April 24, 2014
If you're like me and you like things in table or list form, the contract is broken it down below in an easier-to-digest form:
|Quantity||Base Salary||Signing Bonus||Workout Bonus||Roster Bonus||Incentives||Expected Salary Cap Hit|
Because Overthecap.com is counting the incentives in Flynn's contract in the expected cap hit, those incentives appear to be considered "likely to be earned". It is obviously unclear at this point what those incentives will consist of, but they could be tied to any number of different things.
The base salary is the league minimum for a veteran with Flynn's experience, though the bonuses obviously increase his total compensation above that level.
The Packers did buy themselves a little bit of flexibility in this contract, however. The only guaranteed money is that $75,000 signing bonus. If the team were to decide to release Flynn during training camp, they would only be on the hook for $100,000 in dead money (the signing bonus plus the workout bonus which should be paid out shortly). This still gives the team flexibility to make the right decision with their quarterbacks and retain the right players rather than being forced to keep an undeserving player at the position just because he has a heavy cap hit.