The Cincinnati Bengals signed Mike Nugent to a two-year contract on Sunday, with a deal that will reportedly pay $4 million with $500,000 of that money tied to incentives -- maxed out at $250,000 in 2015 and another $250,000 tied to 2016. As per the team's policy, an announcement won't be made regarding the signing until after the contract is signed and submitted.
Here's a bit of a breakdown:
The deal is actually worth $3.5 million, but can reach $4 million if two $250,000 annual incentives are met -- there's $600,000 in guaranteed money as well.
Like the Rey Maualuga deal, Nugent's is essentially a one-year deal because the team can release the veteran kicker after one year without any cap/financial consequence. If that's the case, then we'd call it a one-year deal worth $1.95 million that could reach $2.2 million if he hits the $250,000 incentive -- interestingly that snuggles close to his $2.654 million salary when he was franchised in 2012.