Colt McCoy will remain the starting quarterback for the Arizona Cardinals for the next two seasons, as the team recently revealed. After succeeding as Kyler Murray’s backup and starting two of three games when Murray was injured, he was rewarded with a two-year contract.
In his 13th season, the 35-year-old quarterback is no stranger to the spotlight.
A signing bonus of $2.5 million has been offered to McCoy, which is almost equivalent to the whole amount of money he received for the previous season.
His annual salary in 2022 is expected to be $1.25 million. It comes with no risk at all.
It is projected that he will get $3.75 million in salary in 2023. There is a $2.25M guarantee, thus he will remain the team’s backup quarterback and on the roster for both seasons.
Due to the fact that it is a two-year contract, his signing bonus will be divided in half and counted toward the salary cap each year.
Because of his salary plus his signing bonus of 1.25 million, his cap hit will reach $2.5 million in the year 2022.
Colt McCoy Contract
Colt McCoy agreed to terms with the Arizona Cardinals on a two-year, $7,500,000 contract that includes a $2,500,000 signing bonus and a $6,000,000 guarantee.
Colt McCoy’s Salary
Colt McCoy makes an average of $3.7 million a year. McCoy will get a base salary of $1,250,000 and a signing bonus of $2,500,000 in 2022. He will also have a cap hit of $2,500,000 and a dead cap value of $6,000,000.
Colt McCoy Net Worth
Colt McCoy has an estimated net worth of $1 million-$5 million dollars