Updated: 1:29 p.m.
Carson Wentz’s contract extension includes $137.25 million in new money over the next six years, according to figures from ESPN’s Field Yates, with incentives that could increase the total value to more than $153 million.
The most interesting component of the deal is a $30 million club option for 2020 that the Eagles will exercise in March of 2020 and acts as a bonus for salary cap purposes.
According to former NFL agent Joel Corry, who writes about NFL contracts for CBS Sports, that $30 million is spread out over five years for salary cap purposes but is paid to Wentz entirely in 2020.
That $30 million would be spread out over five years at $6 million per year from 2020 through 2024.
In the event the Eagles don’t exercise the option, his $1.383 million base salary in 2020 turns into a $31.383 million base salary. The decision to trigger the option has already been made as part of the negotiation.
Yates on Wednesday morning tweeted out some other details of the contract, which seen as a five-year contract covering 2020 through 2024 is worth about $24.2 million per year.
According to Yates, the deal includes a $16,367,683 signing bonus, base salaries of $720,000 in 2019 (the base from his rookie deal), $1.383 million in 2020, $3.9 million in 2021, $18.5 million in 2022, $18 million in 2023 and $21 million in 2024.
The deal also includes roster bonuses of $8 million in 2020, $10 million in 2021, $1,000 in 2022, $5 million in 2023 and $5 million in 2024.
Yates also reported the the contract allows Wentz to earn up to $16 million more in incentives and escalators.
According to published reports last week, the contract includes $107 million in guaranteed components, but from the details available so far there’s no way to tell exactly which salary components that $107 million figure includes.
Combining the six years of base salaries at $63.503 million, the $30 million option bonus, the roster bonuses at a combined $28.1 million, and the signing bonus of $16,367,683, the deal has a total value of $137,970,683, or about $23 million per year over the full six years.
Based on the available information, Wentz's cap numbers would be a minimum of $3.99 million in 2019, $12.653 million in 2020, $23.17 million in 2021, $27.771 million in 2022, $32.27 million in 2023 and $32 million in 2024.
Those figures do not include likely-to-be-earned incentives, because we don't know the breakdown of the incentives yet.
Because bonuses only pro-rate over five years, the signing bonus pro-rates from 2019 through 2023 and the option bonus from 2020 through 2024.
NBCSports Eagles reporter Dave Zangaro contributed to this story.
Click here to download the MyTeams App by NBC Sports! Receive comprehensive coverage of your teams and stream the Flyers, Sixers and Phillies games easily on your device.