A closer look at Jalen Mills' new contract with the Patriots

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Former Eagles safety Jalen Mills on Monday agreed to terms to join the New England Patriots.

Now we know all the details of his new contract.

Mills is signing a four-year, $24 million deal that includes $9 million in guaranteed money and a $2.5 million signing bonus, according to a league source.

Mills also has $1 million in per-game roster bonuses in all four years of his contract.

Looking back, the Eagles probably overpaid for Mills last season, giving him a one-year, $4 million deal. But he was good enough in 2020 for the Patriots to sign him to this new deal with an APY of $6 million.

But it’s worth noting that the guaranteed money on this contract runs out after 2022 and just $3.5 million of his $4.5 million base salary in 2022 is guaranteed. So this is really a two-year, $12 million deal. The Patriots can cut Mills after the 2022 season for a limited dead cap charge of $1.25 million in ’23.

Here’s a closer look at how it breaks down:

2021 base salary: $3 million; 2021 cap hit: $4.625 million

2022 base salary: $4.5 million; 2022 cap hit: $6.125 million

2023 base salary: $5 million; 2023 cap hit: $6.625 million

2024 base salary: $5 million; 2024 cap hit: $6.625 million

Those cap numbers are figured out by adding the base salary to the roster bonuses to the prorated portion of his $2.5 million signing bonus.

It’s a nice little payday for Mills, who leaves the Eagles after five years.

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