Before all NFL transactions came to a grinding halt late last week, free agent safety O.J. Atogwe agreed to a five-year, $26 million contract with the Washington Redskins.
Atogwe was available after the St. Louis Rams declined to pick up an $8 million roster bonus that was due on February 21.
According to a league source, Atogwe's new deal with the Redskins includes a fully guaranteed $900,000 base salary for the 2011 season, a fully guaranteed $6.5 million roster bonus (due on 5th day of the 2011 league year), $500,000 in per game roster bonuses and a $100,000 workout bonus.
So Atogwe can earn that $8 million back if he remains healthy for the entire season.
Atogwe Contract Breakdown
2011: $900,000 base salary (fully guaranteed), $6.5 million roster bonus (fully guaranteed), $500,000 roster bonus, $100,000 workout bonus
2012: $3.4 million base salary ($2 million injury guarantee), $500,000 roster bonus, $100,000 workout bonus
2013: $3.4 million base salary, $500,000 roster bonus, $100,000 workout bonus
2014: $3.6 million base salary, $1 million roster bonus, $100,000 workout bonus
2015: $3.7 million base salary, $1.5 million roster bonus, $100,000 workout bonus
Total value: $26 million over five years ($5.2M APY, which ranks in the Top 10 among active NFL safety contracts), with $9.4 million in guarantees. An additional $1.45 million in base salary escalation is available in the final four years of the deal, pushing the maximum value of the contract to $31.8 million.
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