On Tuesday the Bills made sure to lock up their wall of a left tackle, Cordy Glenn, long-term, on a five year, $60 million extension, which includes $5 million in incentives. It’s a deal that not only guarantees the left side of the offensive line is solidified for a handful of years ahead, but it also saves them a nice chunk of change in cap space for 2016 season.
After signing Buffalo’s franchise tag offer back in March, Glenn was scheduled to count $13.7 million against the cap this season. Now, with the five-year extension finalized and his cap hit set at a much more manageable $6.2 million, some much needed financial wiggle-room was created as the Bills with added $7.5 million in additional cap space.
Before Glenn’s new deal, Buffalo had about $6.7 million to work with counting the team’s top-51 contracts and dead cap total (13,548,484), but that number now jumps to about $14.2 million. Of course they have yet to sign any of their drafted rookies thus far – a cost estimated at about $5.5 million by Spotrac.com – so that must be accounted for, along with an emergency contingency fund, generally used to sign free agents during the regular season.
Still, it leaves the Bills in a much better situation financially, giving them the flexibility to potentially work on extensions for Tyrod Taylor and Stephon Gilmore, who are each in the final year of their respective contracts. Based on the league-wide salary cap estimation of $160 million for 2017, Buffalo would have roughly $40 million in cap space at their disposal next off-season, based on the current contracts expected to be on the books in 2017.
The year-by-year breakdown of Glenn’s five-year extension are below:
Totals: 5 years, $60 million, plus $5 million in incentives. $36 million guaranteed
Cap number: $6.2 million – Includes a $3 million base salary plus a $3.2 million prorated signing bonus
Cap number: $14.2 million – Includes a $9 million fully guaranteed base salary, a $3.2 million prorated signing bonus and a $2 million roster bonus
Cap number: $14.45 million – Includes a $9.25 million base salary ($8 million of which is guaranteed), a $3.2 million prorated signing bonus and a $2 million roster bonus
Cap number: $12.45 million – Includes a $7.5 million base salary, a $3.2 million prorated signing bonus and a $2 million roster bonus
Cap number: $12.7 million – Includes a $7.5 million base salary, a $3.2 million prorated signing bonus and a $2 million roster bonus
Base salary: $7.5 million
Signing bonus proration: $3.2 million
Roster bonus: $2 million