As the team recently revealed, Colt McCoy will remain the starting quarterback for the Arizona Cardinals for the next two seasons.
He was able to earn a two-year contract by contributing significantly as Kyler Murray’s backup quarterback and even starting two of three games while Murray was sidelined with an injury.
The quarterback, who is now 35 years old, will compete in his 13th season.
The signing bonus for McCoy is $2.5 million, which is approximately double his total pay from 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.
How Much Does Colt McCoy Make?
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.