The Buffalo Bills were able to get Matt Milano to re-sign before the 2021 NFL Free Agency period kicked off next week. It’s a big win for them and the contract details are in (via Spotrac) and they look pretty good.
A $7 million signing bonus plus his 2021 and 2022 salaries are fully guaranteed for a two-year total of $20 million plus the possibility for another $500,000 each season in per-game active bonuses and $250,000 in workout bonuses. He could earn up to $21.5 million just by playing in all of the games in his first two seasons and there are $325,000 in annual incentives built in, as well.
The salary jumps to $9.25 million in the final two seasons but the bonuses and incentives remain the same. It’s a pretty standard contract and doesn’t look like it was impacted by the COVID-19 salary cap very much, if at all.
Here are the yearly breakdowns:
2021
Pro-rated signing bonus: $1.75 million
Workout bonus: $250,000
Base salary: $5.5 million (fully guaranteed)
Per-game bonuses: $31,250 per game, up to $500,000 ($312,500 LTBE)
Cap hit: $7,812,500
2022
Pro-rated signing bonus: $1.75 million
Workout bonus: $250,000
Base salary: $7.5 million (fully guaranteed)
Per-game bonuses: $31,250 per game, up to $500,000
Cap hit: $10 million
2023
Pro-rated signing bonus: $1.75 million
Workout bonus: $250,000
Base salary: $9.25 million
Per-game bonuses: $31,250 per game, up to $500,000
Cap hit: $11.75 million
Dead cap if cut: $3.5 million
Cap savings if cut: $8.25 million
2024
Pro-rated signing bonus: $1.75 million
Workout bonus: $250,000
Base salary: $9.25 million
Per-game bonuses: $31,250 per game, up to $500,000
Cap hit: $11.75 million
Dead cap if cut: $1.75 million
Cap savings if cut: $10 million