Joe Burrow 5-year extension

[HoosierCat]

Uncle Sam just got paid too.

Quote

$20.3 million will go to Federal Taxes

$1.7 million will go to an Agent Fee

$1.6 million will go to Jock Tax

$1.3 million to FICA/Medicare

$1.1 million for Ohio Tax

So, after getting taxed out the ass, Burrow will actually walk away with about $29 million per year.

 

[ArmyBengal]

They should absolutely try to keep Higgins, I'm not suggesting they simply give up the thought.
However, it will definitely present a major challenge to fit all these guys in.
If they go that route to keep him, draft picks better start and produce much sooner than in recent years.

Outside of the agent, I won't compare this to Bates' situation.  There was simply no way they were keeping him.
They were never going to pay a safety a top of the market deal with so many others needing to be done.

[ArmyBengal]

43 minutes ago, HoosierCat said:

Uncle Sam just got paid too.

 

Well, he's building a monster house in Anderson Township, so he's about to learn about property taxes real quick as well.
This is becoming a popular area with him, Mixon, Orlando Brown and Duke Tobin all living around the way.

[HoosierCat]

Bengals make it official:

https://www.bengals.com/news/joe-burrow-contract-extension-2023
 

Quote

"My father always said that in the NFL, the quarterback is like the key to your car," said Bengals President Mike Brown. "You can have a great car, but you need a key to get the car going and to operate it at a high level. We feel that we have a good one in Joe.

Well, it’s a step up from hogs at the trough…

[ArmyBengal]

What position is the key to his Lumina?

Backup punter on the practice squad?

[COB]

13 hours ago, HoosierCat said:

My father always said that in the NFL, the quarterback is like the key to your car," said Bengals President Mike Brown. "You can have a great car, but you need a key to get the car going and to operate it at a high level.

[COB]

Mike on Tee’s extension:

”My dad always made a stew for us.  He said, ‘this stew is like a football team, it needs some potatos,’ He also would put some rocks in there, in our stew.  Potato stew with some rocks in it, that’s how you build a team.  Tee Higgins is good at football.”

[ArmyBengal]

So Burrow’s new nickname is: “Jokey” ??

[HoosierCat]

Details are up:

https://www.spotrac.com/nfl/cincinnati-bengals/joe-burrow-47594/

Looks like speculation they would copy the rolling guarantee structure the Chiefs used for Mahomes were right.

Quote

$146.5M guaranteed at signing (signing bonus + 2023 salary + 2024 salary/option bonus + 2025 salary/option bonus)

2026 salary ($25.25M) & Option Bonus: $10M fully guarantee on the 5th league day of 2025 (injury guaranteed at signing)

$18.3M of 2027 salary fully guarantees on the 5th league day of 2026, fully $27.25M injury guaranteed at signing

Remaining $8.95M of 2027 salary + $10M option bonus fully guarantee on the 5th league day of 2027

2024 Option Bonus: $55M

2025 Option Bonus: $10M

2026 Option Bonus: $10M

2027 Option Bonus: $10M

2028 Option Bonus: $5M

2029 Roster Bonus: $5M (March 2029)

AFC Championship Win: $500,000

Super Bowl Win: $1.25M

Cap hits:

2023 19.5

2024 29.7

2025 46.3

2027 52.3

2028 53.5

2029 68.6

Then there are 3, count 'em, 3 void years with another 9 million in cap hits.