Details of Josh Norman’s contract revealed

Courtesy of Matthew Emmons, USA Today Sports

When initial reports of guarantees and total values come out regarding NFL contracts, it’s always important to wait for the details before drawing a final conclusion.

Sure the Washington Redskins exhausting $75 million over five seasons for Josh Norman seemed to be pretty lofty. After all, it made the former Carolina Panthers cornerback the top-paid player at his position.

Add in the $50 million guaranteed, and the contract seemed to be just a bit outrageous.

Like all the contracts signed in today’s NFL, details released a day after Norman signed with Washington tells us a different story.

The deal is essentially for two years at $36.5 million guaranteed. The other $13.5 million is guaranteed for injury only and becomes fully guaranteed should Norman remain on the Redskins roster on the first day of the new league year in 2018.

Norman has a total cap hit of $28 million over the next two seasons, meaning that the Redskins would incur about an $8.5 million dead cap hit by releasing him following the 2017 season.

To be sure, Norman still received a sweet deal here. If he were to be released following the 2017 season, his average annual salary of $18 million over the first two years is over $4 million more than any other corner during that span.

His total guarantees of $50 million also ranks first among corners, about $2.6 million more than Patrick Peterson and $10 million more than Richard Sherman.