Nick Foles gets more than $45 million fully guaranteed at signing

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Nick Foles didn’t necessarily break the bank in comparison to other quarterback contracts, but he sprained the hell out of it.

Foles’ new contract with the Jaguars pays $45.125 million fully-guaranteed at signing, and the structure of the deal makes the remaining $5 million in injury guarantees as a practical matter fully guaranteed.

Here’s the breakdown of the contract:

1. Signing bonus: $25 million.

2. 2019 salary: $5 million, fully guaranteed.

3. 2020 salary: $15.125 million, fully guaranteed.

4. 2021 roster bonus: $5 million, guaranteed for injury at signing, fully guaranteed if Foles is on the roster on the third day of the 2020 league year.

5. 2021 salary: $14.875 million.

6. 2022 salary: $20 million.

7. 2019-2022 per-game roster bonuses: $31,250 (up to $500,000 per year).

The contract includes up to $3.5 million per year in incentives based on playing time, making the playoffs, making the Pro Bowl, winning NFL MVP, and being named Super Bowl MVP.

Without per-game roster bonuses, the deal has a base value of $85 million over four years ($21.25 million per year). If he’s on the 46-man roster for all 64 regular-season games, the deal becomes worth $87 million ($21.75 million). The maximum value of the deal (if he earns all incentives, an extreme long shot) is $101 million.

The practical guarantee is $50.125 million because the Jaguars can avoid the $5 million roster bonus only by cutting him after one season, which would mean that he will have received $45.125 million for one year with the team. Which surely won’t happen, even though the Jags cut quarterback Blake Bortles after only one year of his most recent deal.