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Osgood’s new deal pays him $3 million this year, and more based on receptions

As Rosenthal posted a little while ago, Kassim Osgood is the newest member of the Jaguars.

His contract pays him well as a special-teamer; even better if he becomes a successful receiver.

Per a league source, Osgood received a signing bonus of $2.2 million. He has a guaranteed base salary in 2010 of $775,000, along with a $25,000 workout bonus.

Next year, his base climbs to $1.475 million, with another $25,000 workout bonus.

Then, in 2012, he’ll receive a base salary of $2.175 million and another $25,000 workout bonus.

So the base value of the deal is $6.675 million, with $2.975 million guaranteed.

Here’s the kicker -- he can make a lot more if he becomes a competent pass-catcher.

Each year, he’s eligible for up to $1.3 million in incentives based on receptions. For 40, he gets $200,000. With 10 more, he gets another $400,000. Another 10? He gets $700,000 more, for a total of 1.3 million.

He also is eligible for an annual Pro Bowl bonus of $100,000, regardless of whether he makes it as a special-teams player or as a receiver.

It’s unclear whether Osgood will become a competent wideout. For whatever reason, the Chargers never gave him much of a chance.

As we might soon find out, it might have been because he can’t catch. Either way, he’s got 3.9 millions to try.