Earlier this week, free agent cornerback Stanford Routt agreed to a three-year deal with the Kansas City Chiefs that worth a reported $19.6 million. According to a league source, the base value of Routt's contract is $18 million, with a base salary escalator in the third year (2014) increasing the overall value of the contract.
Here's how the deal breaks down:
Routt did not receive a signing bonus, but is due a $4 million roster bonus and a $1.8 million base salary in 2012. $1 million of Routt's contract is fully guaranteed. A $200,000 roster bonus increases his 2012 cap number to $6 million, which combined with Brandon Flowers' cap number, means the Chiefs will have $14 million in cap space devoted to their projected starting cornerbacks.
A franchise tag on cornerback Brandon Carr would add a projected $10.4 million to the Chiefs' salary cap.
In 2013, Routt has an option bonus of $10, which is prorated over two seasons ($5 apiece in 2013-14), with a $4.3 million base salary and $200,000 workout bonus for a cap number of $4,500,005. Routt is scheduled to earn $6,299,990 in base salary in 2014 along with a $1 million roster bonus and $200,000 workout bonus for a cap number of $7,499,995.
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