Matthew Stafford and Detroit Lions Agree to Long-Term Extension
Quarterback Matthew Stafford has two years and a team option left on his current contract, but the Detroit Lions are wasting no time securing him for the long term. The Lions have reached a three-year extension with their quarterback of the future.
USA Today's Tom Pelissero has details of Matthew Stafford's contract extension with the Detroit Lions:
Matthew Stafford contract numbers are in. $27.5M to sign, $41.5M gt'd, including $8M portion of base in 2015 for injury only.— Tom Pelissero (@TomPelissero) July 11, 2013
No offset language on any of Stafford's guaranteed base salaries: $4M in '13, $2M in '14, $8M (injury only) of $9.5M in '15.— Tom Pelissero (@TomPelissero) July 11, 2013
That $8M portion of Stafford's 2015 base is fully gt'd on 3rd day of '14 ... and considering he makes $31.5M this year, yeah, he'll get it.— Tom Pelissero (@TomPelissero) July 11, 2013
ESPN's Adam Schefter reveals just how much of Stafford's deal is guaranteed:
Included in Matthew Stafford's three-year, $53 million extension is $41.5 million guaranteed. Big guarantee.— Adam Schefter (@AdamSchefter) July 9, 2013
ESPN provides details on Stafford's extension:
Detroit Lions quarterback Matthew Stafford has agreed to a three-year contract extension that is worth $53 million in new money, a league source told ESPN NFL Insider Ed Werder on Tuesday.
Pro Football Talk provides reported details of Stafford's signing bonus:
Stafford's signing bonus on the new deal will be $27.5 million, per source with knowledge of the terms.— ProFootballTalk (@ProFootballTalk) July 9, 2013
Pro Football Talk also outlined details of Stafford's base salary, and how this signing impacts the Lions' cap room:
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.
ESPN's Adam Schefter has the news:
Lions and QB Matthew Stafford are on verge on blockbuster extension that could be done as early as today, per team source.— Adam Schefter (@AdamSchefter) July 9, 2013
The Detroit Free Press' Dave Birkett confirms that speculation while adding a few more details:
Stafford's new deal is worth somewhere around $75 million over 5 years.— Dave Birkett (@davebirkett) July 9, 2013
Pro Football Talk explains how the money breaks down:
Total value of three-year extension for Stafford will be $53 million, putting five-year haul at $76.5 million. $43 million guaranteed.— ProFootballTalk (@ProFootballTalk) July 9, 2013
That would take Stafford's contract through the 2017 season.
Although there has always been talk about the Lions extending Stafford, the timing of this move is a little unexpected. In June, it was reported that it was getting to the point where the organization wanted its QB to concentrate on football instead of contract negotiations.
While the Lions wanted to extend Stafford, it appeared they were going to wait until after the 2013 season to further talks.
Nevertheless, it's always good to have something like this out of the way.
Stafford broke out during the 2011 season. Completely healthy for the first time in his NFL career, he completed 63.5 percent of his passes for a staggering 5,038 yards, 41 touchdowns and just 16 interceptions, winning AP Comeback Player of the Year in the process.
Even though he took a slight step back last year (lower completion rate, lower QB rating, 21 fewer touchdowns), his ability to put up big numbers and give the Lions the franchise quarterback they've long desired is apparent.
The Lions won just four games last season, but with the most important position on the field reportedly locked down by the talented 25-year-old, the future of this organization is certainly promising.
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