Agent’s opinion: How Matthew Stafford’s financial future could be affected by Rams’ Super Bowl win

NFL Media’s Ian Rapoport reported hours before Super Bowl LVI that the Rams’ agent and Matthew Stafford, CAA Football’s Tom Condon, will meet to “compose” a contract extension this off-season. Stafford was acquired in a deal with the Lions last March because Rams head coach Sean McVeigh had feuded with quarterback Jared Gauff during the 2020 season despite Gauff signing a four-year contract extension averaging $33.5 million a year in 2019. Goff was included in the deal as the Lions received a first-round selection for 2022, a first-round selection for 2023 and a third-round selection for 2021 from the Rams.

Stafford is entering the final year of his contract. He is set to earn $23 million in 2022 consisting of $12.5 million in base salary, $10 million on the fifth day of his 2022 league roster bonus and a $500,000 workout bonus.

The optimal timing for an extension is before the Stafford List bonus becomes due on March 20. In doing so, that $10 million could become part of the signing bonus Stafford will receive in the extension and be prorated over the life of the contract with a maximum of five years, which will help lower his current salary cap figure of $23 million in 2022.

After a stellar post-season as Stafford designed a 15-game, 79-yard dribble culminating in a Super Bowl-winning touchdown pass with only 1:25 left to play, he had a huge influence on the contract. The phrase “to the victor is the king of spoils” is usually associated with politics, but it applies to the Stafford situation. Stafford should be able to name its price largely in the sprawl due to the exorbitant acquisition cost of getting it off the lions and upgrading the quarterback to pay the bottom line. Provided that Stafford chooses to use his influence fully.

Left to his own devices, that’s exactly what Condon will do on Stafford’s behalf. Agents are supposed to work with the player although sometimes it can seem like the opposite. In a typical player/agent relationship, the player will give his agent input about the contract at the big picture level initially but may not be involved in the process again until the final stages of negotiation, if anything at all. Because of this dynamic, the agent is usually given ample leeway to negotiate a contract that he or she feels is in the client’s best interest.

The Rams would have a hard time convincing Condon that he shouldn’t at least put Stafford in the same place, whom the Rams considered an inferior quarterback, who was in the NFL salary hierarchy in his 2019 deal. Goff’s four-year extension tied $134 million (worth up to $147.95 million due to incentives and salary scales) with Packers quarterback Aaron Rodgers as the league’s second-highest average annual salary. The $110,042,682 collateral in the deal was an NFL record when Gauff signed.

Billing quarterback Josh Allen is currently No. 2 in the NFL salary hierarchy with a six-year extension of $258 million (maximum $288 million through incentives) averaging $43 million annually that he earned from billing last August. His $147,381,405 guarantees are the largest ever in an NFL contract. It’s $150 million if Allen’s fully guaranteed $2,618.595 bonus on Day 3 2021 is included in the bootcamp roster earned a few days before the extension is signed, as some people do.

Condon’s viewer is likely to be set for Stafford to become the highest-paid player in the NFL again, which was the case with the five-year extension, $135 million averaging $27 million annually from the Lions in 2017. Accomplished despite the lack of post-season. Success. Stafford has only had the playoffs three times (without any wins) while playing for the Lions, the last post-season appearance taking place during the 2016 season. The deal also set new standards for the league with a $50 million signing bonus and $60.5 million fully guaranteed on signing.

Quarterback President Patrick Mahomes honors $45 million annually in 10 years, and a $450 million extension (valued at up to $475 million through incentives) signed in 2019. Cowboys quarterback Dak Prescott’s $66 million signing bonus is the current standard in this the scale . Allen leads the way with a full $97,381,405 warranty upon signing. It’s $100 million if the bootcamp roster bonus is included.

Condon may view the cost of playing the franchise tag game if Stafford performs his contract as further justification for beating Mahomes. Midfielders usually get the exclusive edition of the franchise tag, which prohibits requesting an offer sheet from other teams. Using the cost associated with the non-exclusive version would not make sense because the compensation for an unparalleled bid sheet – two first-round picks from the signing team – is less than the draft capital the Rams ceded to get Stafford.

The exclusive franchise quarterback number 2023, which would be the average of the top five quarterbacks for 2023 (usually salary cap numbers) at the end of the restricted free agent signing period in late April, currently projects about $43.5 million. This number is subject to change depending on new quarterback deals, contract restructurings, wage cuts and/or releases from time to time.

The second franchise mark in 2024 in an NFL collective bargaining agreement that requires a 20% increase over Stafford’s projected 2023 franchise number will be $52.2 million. The average two-year Stafford franchise would be $47.85 million per year. At $47.5 million per year, Stafford will receive 5.56% more than Mahomes’s $45 million per year. It would actually be a smaller increase than when Stafford replaced Raiders quarterback Derek Carr as the highest-paid player in the league. The 2017 Stafford deal represented an 8% increase – $48.6 million per year would be 8% more than the Mahomes deal.

The Rams’ only potential saving grace on the extension may be Stafford after leading two other clients of Condon quarterback – Drew Bryce and Peyton Manning – into the latter stages of their careers. They both ordered Kondon to leave the money on the table. Stafford is in a financial position to do so because he made $239 million in NFL player contracts, according to my calculations.

Manning declined to become the first NFL player to make $20 million a year when Condon was negotiating his final contract with the Colts in 2011. He opted for a five-year deal that would give the Colts out after the first year that matched then-Patriots quarterback Tom Brady. An average of $18 million annually, which was top of the NFL at the time. When Manning signed with the Broncos in 2012 after the Colts released him, 12 teams reportedly inquired about him as soon as he became available. Manning narrowed his options to four teams and picked his destination before Condon began negotiations rather than allow him to cash in on the huge interest, which reportedly included an offer of $25 million per year from the Titans, in a hefty contract. However, he set the NFL pay bar briefly with his $96 million five-year deal, which lasted until Condon Press made the first NFL player to make $20 million a year four months later.

When he was 39, Brees gave the Saints a financial break for the first time in several of his contract deals with the franchise in 2018 to try to maximize his chance of winning a second Super Bowl. Bryce would likely be the first player in the league to make $30 million a year had he used his influence by exploring potential options with other teams. Instead, Brees signed a two-year, $50 million contract with $27 million fully guaranteed to stay in New Orleans after limiting negotiations to only the Saints.

It’s unusual for a quarterback of Stafford’s age, particularly if represented by Condon, to give an opponent in his hometown. Stafford is 34 years old. 34-year-old Eli Manning signed a market value extension with the Giants in 2015. Matt Ryan became the first NFL player to make $30 million a year with the five-year extension he got from the Falcons in 2018 shortly before Christmas. His thirty-third birthday. The deal also set new standards with $100 million in collateral and $94.5 million fully guaranteed upon signature.

Unless Stafford gives specific instructions to Condon to make economic sacrifices, his tenure at the top of the NFL pay scale will likely be short-lived if the extension is made before the roster bonus is due. Any such deal Stafford gets would immediately become the minimum salary for the 38-year-old Rodgers, who is also in a contract year, whether he signs an extension with the Packers or a new team if he is traded. The only way it wouldn’t happen was for Rodgers to go the way of Bryce when he was in his late 30s, putting winning a second Super Bowl before the money for his playoff flaws. Rodgers’ only appearance in the Super Bowl was during the 2010 season when the Packers beat the Steelers 31-25.