Breaking down Peko's extension...

by Josh Kirkendall on Jun 16, 2008 6:57 PM EDT in Contracts

Who Dey Revolution argues that Domata Peko's contract is way, way too much saying it could not only one of the highest, but the best paid. I admit, I was a bit shocked at the signing (hadn't even heard of it in the pipe). I asked Leo Goeas, Peko's agent, about the contract's breakdown to understand how much of an impact it would have on the team's finances, per season. He simply said that the deal is "worth $30.3M with $8.5 in guaranteed money."

We figure that $29.3 million is in new money with $1 left over for 2008 ($445,000) and 2009 ($520,000) combined. We also figure that the guaranteed money will be in the form of signing bonuses, roster bonuses, etc... bringing his base total to $21.8 million. Span that over seven seasons and that figures to $3.1 million per season and, roughly, an additional $1.2 million against the cap ($4.3 million total, per season). Thornton will make more in base salary ($3.5 million) and be more against the cap ($4.625 million) in 2008.

Let's be really really clear. This is based totally on assumption; using a basic understanding of how contracts are broken down. Either way, that's a lot of cash for a guy that I haven't thought of highly enough to become the top-ten paid defensive lineman.

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Peko

I happen to be a big Domata Peko fan so maybe I’m biased but I think this is a good contract. He’s young (turns 24 this season) and has tons of upside at a position of need for this team. As the salary cap continues to significantly rise each year and he continues to develop this will prove to be a great deal, plus its likely that the base salary gets bigger each year so if he doesn’t pan out the bengals could cut him, take the salary cap hit that year, and save money in the long run.

By the way, this is the best bengals blog I have found on the net. Keep it up!

by CincyMike56 on Jun 16, 2008 8:33 PM EDT reply actions

RE:

Thanks man.

Blogger at CincyJungle.com

by Josh Kirkendall on Jun 16, 2008 11:15 PM EDT up reply actions

Thanks for saving me a post

Yes, extension typically encompass the current deal, so what Peko has is essentially a 7 year, $30 million deal. Something of a premium now, certainly. In two or three years? Just like Chad’s deal, it will look like a bargain.

by BeerRun on Jun 16, 2008 8:56 PM EDT reply actions