Steelers New S Mike Mitchell Given Only $5.25 Million Guaranteed
The Pittsburgh Steelers came to terms with Carolina Panthers unrestricted free agent safety Mike Mitchell on a five-year, $25 million contract on Tuesday and now we are getting an idea of how the real numbers in the deal look.
According to Aaron Wilson of the Baltimore Sun on Twitter, Mitchell received $5.25 million guaranteed in the deal of which $4.75 million was a signing bonus.
Mitchell’s base salaries will be $750,000, $2 million, $5 million, $5 million and $5 million over the course of the five years and that means his 2014 cap charge will be a meager $2.2 million if there is some sort of 500,000 roster or workout bonus included in 2014 as that would total the deal out at $25 million.
Mitchell’s cap charge in 2015 will be $2.95 million and the final three years of the deal will carry each carry cap charges of $5.95 million.
UPDATE: Tom Pelissero of USA Today reports that Mitchell’s 5-year, $25 million deal includes a $2 million roster bonus due on the 5th day of 2015 league year and according to the previous report by Wilson, this would potentially increase Mitchell’s 2015 cap charge up to $4.95 million if all numbers are being correctly reported.