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Breaking down Bengals PK Mike Nugent's contract

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The Cincinnati Bengals re-signed Mike Nugent on Sunday to a two-year deal worth $3.5 million, plus incentives that could max him out at $4 million. We break down his new contract with a little more depth.

Aaron Doster-USA TODAY Sports

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.

YEAR BASE ROSTER WORKOUT BONUS INCENTIVES DEAD
2015 $1 million $850,000 $100,000 $250,000 $600,000
2016 $1.2 million $250,000 $100,000 $250,000 --

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.