The NFL's 25 most outsized contracts
Bill Barnwell
ESPN Staff Writer
As important as it is to find the right players, signing them to the right contracts can be just as crucial. General managers Dave Gettleman and John Dorsey were both shockingly let go in recent weeks from Carolina and Kansas City, respectively. The reports surrounding each firing suggested contractual missteps were involved. Every team wants to build its roster around cheap rookies and veterans who are making less than market value, but what is market value, anyway?
Let's try to define that today, and in doing so, we can figure out which teams often hand out deals that exceed market value and whether they're right to do so. I've gone through every multiyear contract I could find since the new collective bargaining agreement was signed in July 2011 and measured each deal's three-year value, which is the actual money a player would take home if he stayed on the roster for three seasons without departing or renegotiating his contract. Several NFL organizations use this metric as a simple measure of a contract's value.
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The NFL's biggest three-year contract belongs to Andrew Luck, who will take home $75 million over that span in his extension. That's useful information, but it's not very helpful in setting the market for a right tackle or a punter. So I built a baseline three-year value for each position by taking the average of the top 20 contracts during this time frame at each spot. This includes both active and inactive contracts signed since 2011, because the latter still play a part in defining the market. In some cases, the biggest contracts at a position are ones that are no longer on the books. The top five running back contracts (led by Adrian Peterson) and top two wideout deals (Calvin Johnson and Larry Fitzgerald) aren't currently active, but they're used here to help set the baseline value.
Those baseline values range from $57,757,933 for quarterbacks to $2,904,166 for long snappers. (I lumped centers and guards as interior linemen, combined defensive ends with pass-rushing outside linebackers as edge rushers and mixed coverage linebackers with inside linebackers.) Luck's deal might be the biggest in the game, but once you account for the amount quarterbacks get paid, his three-year compensation falls in line as 29.9 percent above average.
As it turns out, Luck's deal comes in as the 26th-largest active contract after adjusting for positional value. Let's run through the 25 other deals and see what it tells us about the teams that signed them.
23. Antonio Brown, WR, Steelers
Three-year compensation: $48.91 million (30.9 percent over baseline)
Brown's deal is the only wide receiver contract on this list. The market is skewed by virtue of the fact that the two largest post-CBA deals are from 2011 (Larry Fitzgerald, $51 million) and 2012 (Calvin Johnson, $51.755 million). Each of those contracts maxed out in excess of $113 million, but the biggest active wideout deal is the five-year, $71 million contract given to Julio Jones. It's not clear those deals worked out. The Cardinals have needed to restructure the Fitz deal twice and will owe $4.9 million in dead money on their cap after Fitzgerald hits free agency this offseason. Brown's deal seems far more likely to work out.
Is there enough nunbers available to figure where Bell would have landed had he accepted
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