Jerricho Cotchery Contract Update

There’s a new update on the contract signed Thursday with the Carolina Panthers by former Pittsburgh Steelers wide receiver Jerricho Cotchery.

While panthers.com and David Newton of ESPN.com both call it a two-year contract, evidently it is a five-year deal worth $8.015 million and includes a $2.25 signing bonus.

Cotchery’s base salaries in the first two years of the deal are $1.25 million and $1.45 million per Adam Wilson and the last three years are voidable. Cotchery is also due a $50,000 workout bonus in 2015.

Based on these numbers, Cotchery’s 2014 cap charge with the Panthers will be $1.7 million and that’s if indeed it is five years.

So why give Cotchery five years?

The Panthers likely did this so they could spread out the signing bonus as long as they could. Had the contract been for just two years, Cotchery’s cap charge in 2014 would be $2.375 million. Being as they entered the day already low on cap space, it’s understandable why they structured it this way.

Basically, this is a two-year, $5 million contract as Newton previously reported.

I am, I'm me. 40 something, retired and a life long Steelers fan.
  • Jay Jaber

    Good luck cotch. Great definition of a pro. One of my favorite steeler this past season

  • mlc43

    welllll I’llllllll beeeee! Good for Cotch.

  • steelster

    Cotch made the right decision.

  • Pete Johnson

    So much for the “frontloaded deal that the Steelers couldn’t afford to match”.

  • SteelersDepot

    How do know they didn’t? Cotchery could have wanted to go back where he and his wife are from and get more playing time in the process. Ever consider that?

  • CW

    Well that’s a great deal for Cotchery. He made the right move even if I would have liked to see him back on the roster. Gives him a nice final contract.

  • Pete Johnson

    I am referring to the “every excuse in the book” crowd that seems to be very loud lately. I’m tired of the excuses as to why player x y or z isn’t a Steeler anymore. It goes back to last year even. The crowd who first claimed that the Panthers “broke the bank” for Cotchery and paid him way more than he was worth, which proved to be false. Then it was “they frontloaded the deal so we couldn’t afford to match”. That proved to be false as well. The bottom line is to let Cotch walk over that amount of money considering our WR core is ridiculous.

  • PA2AK

    and what he just said was…maybe they didn’t ‘let’ him walk and he made the decision based on other factors like a starting job/wifes home town.

  • SteelersDepot

    Petey is not happy unless he is bitching. He hates looking at both sides of the coin.

  • AndyR34

    I suspect that the Steelers didn’t offer much more than the 2 years for $3 million that he signed in 2012. Surely he wasn’t worth more now.

  • Douglas Andrews

    Turns out this was a nice payday for Cotch hope he has nice season. Guy was a good teammate taking M Wheaton under his wing. In the end he made the right choice as this is probably his last contract.

  • Pete Johnson

    Lots to bitch about these days. Tell me something positive to point out why don’t you. Sorry I won’t put a bunch of whip cream on the s$%^ that has been the offseason and last 2 years.

  • shawn

    i kinda have to agree … disappointing off seasons FOR SURE … but this one isn’t quite over yet, i have my doubts but will give them the benefit until its all said and done …

    If there is a similar offseason as last year … and we put up another season of 8-8 or less … HEADS will DEFINITELY Roll !

  • Eric MacLaurin

    It’s amazing to hear people complain that the steelers don’t outbid every other team for 2nd and 3rd string players.

    This is the first time we have had any cap room in years and we have already signed a starter at a critical position. Crying about the third string losses before the draft requires a complete departure from reality. Let alone any comprehension of the cap, team building or even basic budgeting.

  • shawn

    i figure thats what they offered too … maybe 4 tops !

  • shawn

    Ya good for him, especially when he’s not making mega millions … I’m sure he and his family could use that last pay day … VERY much the PROFESSIONAL

  • steelster

    Some positive things Pete.
    1. Dumping Woodley and his big contract.
    2. Upgrading the coaching staff.
    3. Signing Mitchell
    4. Changing the direction of the team towards a youth movement and why not considering two 8-8 seasons in a row.
    5. The 15th pick in both the first and second rounds.

  • Matthew Suloman

    Bingo!!!!

  • Matthew Suloman

    Bingo!! Oh by the way…. Nice drafting Colbert. A squirrel could draft better.

  • Matthew Suloman

    They will this time

  • frednash

    We still have AB, Bell, Miller and of course BB

    That’s a decent core!

    If we stay healthy…

    We’re as good as anybody in the NFL

  • Steelers12328882

    Hey, guess what? I’m starting to think Plaxico Burress actually has a legitimate shot at making this team again, that is if he’s resigned.

  • steelster

    Does that make you a squirrel?

  • Bill Molinaro

    Everybody’s congratulating all the former Steelers for the deals they made. Well, It’s nice Cotchery got his deal, bla, bla bla. The ironic thing about all this is that the management got themselves to this position by doggedly trying to make that final run to the show; hanging on to that fantasy: Over paying players and not cutting people when they’re nearly finished as top level players. All I heard was we have to keep the team together for Roethlisberger. Well, how’s that worked out? The name of the game is today is contract and cap management and the Steelers are just not very good at that. They better be golden at draft time.

  • JAMESH

    Me, I like looking at the edge.

  • steelster

    Really, because they have cut or not resigned almost the entire defense from the past 2 years. I would say that has altered the cap management and the steelers are headed in the right direction.

  • PA2AK

    last year…’why don’t they get rid of some of these veterans and work to get cap compliant?’

    this year…’why aren’t they resigning their 3rd string 30+ year olds and outbidding everyone for players?’

  • Bill Molinaro

    I was not speaking of the recent moves. Woodley’s release is strictly damage control; it’s reactive, not pro active You’re right they’ve redone the defense over the past several years but it should have been done slowly and continuously over time with constant changes. And that defense still looks very suspect to me. It’s the age of free agency and that means you must win with some young guns and manage the cap so that you can re-sign some of them when the rookie contract is up.

  • Louis Goetz

    Sorry, but that contract is front loaded and the Steelers were wise not to match anything like it. Cotchery is going to be paid $3,470,000.00 this year and if he stays on the roster next year he’ll collect another $1.5M. After that, the Panthers are going to have $1.365M in dead money on their books. As great as Cotchery played last year, he’s not worth $3.4M. I wrote previously that the Steelers should pay him, but I thought he was in line to receive $1.2M – 1.5M; not $3.4M. I think Cotchery is a great #3 WR and should be paid as such. I doubt he’ll produce the same as a #1 WR and I doubt even more that his production is going to warrant $3.4M. Congratulations to Cotchery; best of luck to him; thanks for all he did as a Steeler. Congrats to the Steelers for not overpaying to keep him. Carolina was in panic mode and had to pay him more than he’s worth.

  • Louis Goetz

    Positive things that already happened: they were able to keep Taylor; they didn’t re-sign Ziggy Hood; they didn’t re-sign Emmanuel Sanders; they let Woodley go; they let Foote go; they signed a safety who’s better now than Ryan Clark is now. They’re keeping all 8 of their draft picks. Sean Spence is continuing to amaze as he works out this off season. To me, losing Woods and Cotchery sucked, but neither is an end of the world loss. The Steelers were 8-8 again last year and Hood, Sanders, Woodley, Clark & Keisel all played significant roles in many of those losses. The Steelers are not going to get better by keeping the same guys; nor are they going to improve by overpaying a bunch of UFAs.

  • steeltown

    Exactly, $1.25MIL base plus a $2.25MIL signing bonus with a contract length of 5yrs, no way we offered him that… AND he is currently their #1 WR… hard to turn down MORE money and MORE playing time

  • http://www.nyob.com/ Dr. Doom

    he is 32 dude, 32

  • http://www.nyob.com/ Dr. Doom

    Simple, its Friday!