On Sunday, the Jaguars and franchise-tagged tight end Evan Engram worked out a three-year deal to replace his one-year tender. On Monday, we got a look at the terms.
And now you will, too.
Here are the full details, per a source with knowledge of the contract.
1. Signing bonus: $12.5 million.
2. 2023 base salary: $2 million, fully guaranteed.
3. 2023 per-game roster bonuses: $500,000 total.
4. 2024 option bonus: $7.5 million, fully guaranteed at signing.
5. 2024 offseason workout bonus: $500,000.
6. 2024 base salary: $2 million, fully guaranteed at signing.
7. 2024 per-game roster bonuses: $500,000 total.
8. 2025 offseason workout bonus: $500,000.
9. 2025 base salary: $14.75 million, $1.5 million of which becomes fully guaranteed in 2025.
10. 2025 per-game roster bonuses: $500,000 total.
The deal also includes $250,000 per year in available incentives.
The three-year contract has $24 million fully-guaranteed at signing. He previously was due to make $11.345 million fully-guaranteed under the tag. He would have made $13.614 million under the tag in 2024.
His guarantee at signing trails the two tags by $959,000. If he earns the per-game roster bonuses and the 2024 workout bonus, his two-year cash flow will exceed the two tags by $541,000.
The Jaguars essentially hold an option for the third year, at a total payout of $15.75 million.
It gives Engram enhanced security, giving him two years of the tag but also giving the Jaguars a vehicle for keeping him around for 2025, if they want.