Under the new collective bargaining agreement put together in 2011, draft picks must be in the league three years before they can negotiate a contract extension. That means that 2011 class — which features Patrick Peterson, Cam Newton, Von Miller, A.J.Green, Julio Jones, Aldon Smith, J.J. Watt and Robert Quinn, among others — are all now eligible for new contracts, and the assumption has long been that many of those will happen. Certainly that has been a subject of speculation with Peterson. The Cardinals want to keep Peterson long term (of course) and it was not a coincidence that Peterson recently changed agents with that opportunity now looming.
But, as usual when it comes to big-money deals, none of this is a simple process. Jason Cole wrote an interesting piece about the situation of the 2011 draft class (he never touched on Peterson, specifically). In it, he talked to 10 GMs and/or cap specialists, and all expected that instead of a long-term extension this year that teams will opt to invoke the fifth-year option on each contract. Every first-round contract now as a fifth-year team option that, inevitably, will be a more affordable (and non-guaranteed) salary. In the case of 2011 picks, all are locked up through 2014 and then the team can invoke a 2015 year. This doesn’t even include the option to franchise tag a player for 2016.
(Seahawks cornerback Richard Sherman and 49ers quarterback Colin Kaepernick are in similar situations as a fifth- and second-round picks in 2011, except as non-first-rounders, teams do not have a fifth-year option on those players. It actually gives non-first-rounders more leverage this offseason.)
In short, there isn’t an incredible urgency to extend one of those 2011 contracts now, other than the fact some of those 2011 draft picks probably won’t be thrilled they wouldn’t be extended right away given the level of play many of them have reached already. It will make for an interesting offseason when it comes to those players — including Peterson.
Tags: A.J. Green, Cam Newton, CBA, Colin Kaepernick, contracts, JJ Watt, Julio Jones, Patrick Peterson, Richard Sherman, Robert Quinn, Von Miller
Posted in Blog | 18 Comments »