Adam Schefter of ESPN first reported that the Detroit Lions and Matthew Stafford were nearing a block buster deal on a contract extension. The signing bonus Matthew Stafford will get for the three year extension is around $27.5 million according to a source with knowledge of the terms.
Stafford also will receive a base salary of $4 million this year, pushing his total payout for 2013 to $31.5 million.
The cap savings for the next two years (total) will be in the range of $7 million. That’s money that can be used to re-sign tight end Brandon Pettigrew or defensive tackle Ndamukong Suh.
Stafford’s $15.3 million average puts him well below the top of the market for quarterbacks. But with the money he’s already earned and $43 million in guarantees, he’ll be closing in on $100 million in career earnings — and he turned 25 in February.
Only 25 years old and nearing $100 million in career earnings is remarkable by itself. The Detroit Lions though have experienced success for the first time in a long time with Matthew Stafford and don’t want to let their franchise quarterback walk away.