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Ja’Marr Chase contract breakdown with Bengals

The No. 5 overall pick is now a very rich man.

College Football Playoff National Championship - Clemson v LSU Photo by Jamie Schwaberow/Getty Images

Just one week into the month of June, the Cincinnati Bengals have signed their entire 2021 NFL Draft class.

One of the final draftees to sign his first NFL contract was No. 5 overall pick Ja’Marr Chase, a game-breaking receiver who actually played with current Bengals QB Joe Burrow at LSU. The two were part of the Tigers’ 2019 national title-winning team, and they’ll now reunite in Cincinnati.

As you can imagine, top-five picks make quite a bit of money with their rookie contracts, and Chase will be no different. His deal is four years worth $30,819,641, which is fully guaranteed and includes a $19,774,284 signing bonus, according to Spotrac.

This coming season, Chase will earn a base salary of $660,000 and a signing bonus of $19,774,284 while carrying a cap hit of $5,603,571.

As is the case with every first-round pick, Chase’s contract includes a fifth-year option that can be exercised after three seasons (the 2024 offseason). You can read more at Over The Cap about how fifth-year contract values are determined.

The fifth-year salary is fully guaranteed when the option is exercised. A player’s fourth-year base salary will also become fully guaranteed at the time the option year is up. In the past, the salary on fifth-year options was guaranteed only for injury and wasn’t become fully guaranteed until the first day of the new league year.

In other words, Chase is now a very rich man and will remain so for a very long time as long as he manages his assets well. Hopefully, he’ll be doing so while enjoying a great NFL career with the Bengals for the foreseeable future.

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