Around this time every year, reports emerge of players signing contracts with new organizations. The duration of such agreements is ludicrous, as are the astronomical sums involved.
None of these transactions are what they seem to be at first glance. Agents tend to pad them to include every possible dollar for their clients. The truth is that the athlete can only make that much if he wins MVP every season, and the guaranteed money disappears after the second year.
The Jets put a $12.78 million signing bonus into Tomlinson’s contract. His starting salaries in 2022, 2023, and 2024 will be $1.12 million, $12.7 million, and $12.6 million, respectively. In 2023 and 2024, he will earn $400,000 in roster bonuses based on how many games he plays.
Tomlinson’s 2020 basic salary has been guaranteed by the Jets. At the time of signing, his 2023 basic salary is only guaranteed in case of injury, and if he is still on the team on the fifth day of the 2023 league year, it will be guaranteed for skill and cap purposes as well.
In each year of the contract, Tomlinson has the opportunity to earn an additional $400,000 in incentives based on things like making the Pro Bowl and getting postseason playing time.
It’s true that after the first year, the Jets have a small wiggle room in the contract.
There would be a dead charge of $8.52 million if the Jets released Tomlinson after 2022 but before the fifth day of the 2023 league year. This would free up $4.58 million for the team.
After the 2023 season is over, teams will receive the most cap relief.
The Jets would save $8.74 million if they released Tomlinson at that time, less a $4.26 million dead charge.
How Much Does Laken Tomlinson Make?
Laken Tomlinson gets paid an average of $13,333,333 per year. Tomlinson will receive a base salary of $1,120,000 and a signing bonus of $12,780,000 in 2022, with a $5,380,000 cap hit.