Colts tag WR Pittman Jr and continue contract talks -Update: New Deal 3 yr $70M

[AlwaysSunnyinIndy]

Originally Posted by Racehorse

That is too many characters. I can try to shorten it.

I deleted out the word "contract" to get it to fit

[AlwaysSunnyinIndy]

Originally Posted by AlwaysSunnyinIndy

I deleted out the word "contract" to get it to fit

Deleting his first name works, too.

Thanks Racehorse.

[DragonTails]

Now lets sign Higgins.

[Hoopsdoc]

That’s a good deal for the Colts. For both sides, really. Puts him in the upper echelon but doesn’t break the bank.

[AlwaysSunnyinIndy]

Spotrac has posted the contract details:


https://www.spotrac.com/nfl/indianap...tman-jr-47629/


Michael Pittman Jr. signed a 3 year, $68,000,000 contract with the Indianapolis Colts, including a $15,000,000 signing bonus, $46,000,000 guaranteed, and an average annual salary of $22,666,667.

In 2024, Pittman Jr. will earn a base salary of $8,000,000, a signing bonus of $15,000,000 and a roster bonus of $5,000,000, while carrying a cap hit of $18,000,000.


Notes:

$41M guaranteed at signing (signing bonus + 2024 salary/roster bonus + $13M of 2025 salary)

Additional $5M of 2025 salary fully guarantees the 5th league day of 2025 (injury guaranteed at signing)



The Colts could exit the contract after the second year with only a $5M Dead Cap hit (prorated signing bonus)