Former Pittsburgh Steelers running back Le'Veon Bell is now officially a member of the New York Jets. As a result, Bell has a brand new contract, a document NBC Sports' Pro Football Talk was able to obtain. PFT uncovered each and every detail surrounding the newly inked pact.
Pro Football Talk's account of the matter reads as follows:
“Signing bonus: Bell gets $8 million right out of the gates, an amount to be paid in three installments. He’ll get $4 million within 15 days of March 31, 2019, $1 million within 15 days of April 15, 2019, and $3 million within 15 days of January 1, 2020.
“Roster bonuses: Bell receives a $4 million 2019 roster bonus, with $3 million of it due within 15 days of April 15, 2019 and the remaining $1 million due within 15 days of October 15, 2019. The payment is fully guaranteed. He also receives a $4.5 million 2020 roster bonus, $2 million of which must be paid within 15 days of March 31, 2020 and the remaining $2.5 million of which must be paid within 15 days of October 15, 2020. The 2020 roster bonus becomes fully guaranteed on the fifth day after the contract is signed, which makes it as a practical matter fully guaranteed at signing.
“Base salaries: The deal has so-called “Paragraph 5” salaries (because they’re listed in Paragraph 5 of the standard player contract) of $2 million for 2019, $8.5 million for 2020, $8 million for 2021, and $9.5 million for 2022.”
Thanks to even more escalators and bonuses, Bell's contract with the Jets has a maximum value of $58.65 million over the course of four seasons. Having sat out for the entirety of last season, Le'Veon Bell didn't make out too bad in the end.
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