How to set up a multiyear contract at a big-name NFL team with the right agent and the right team?
We know it’s a lot of work, but we want to make sure you have everything in place before you get started.
Here are some things you’ll need to know about signing a multi year deal with a major-market team.1.
What’s the deadline?
The first time a team signs a multi season contract, it is subject to annual salary cap increases.
That’s usually on the first day of free agency, so it’s best to get it done as soon as possible to ensure a good long-term deal.
It’s also possible that the team will re-sign players during the negotiation process.
The second day of the league year is April 15, so that’s when teams can make decisions on their roster.
A team can also extend a multi years deal after that date, but that’s rarely a realistic option, especially for the Panthers.2.
What is the long-range plan?
In a multi deal, the team is looking to lock up its top players for the long haul.
That means signing two players for 10 years, for example, or a three-year deal.3.
Can the franchise extend a contract if it doesn’t like the player?
Yes, it’s possible to extend a long-standing multi-season deal if the team doesn’t want to keep the player, but it can take several years.
The best long-running contracts for the Carolina Panthers are probably the $12.9 million to $16.5 million contract that the Panthers gave receiver Kelvin Benjamin.
The Panthers signed him to a three year deal that would keep him in Charlotte for the next 10 seasons.
Benjamin is currently in New England.4.
What happens if the franchise wants to extend another player after signing Benjamin?
If the franchise wishes to extend the player before the 10th year of the deal, it will have to negotiate with the player’s agent, and he could be out of the team’s reach for the first few years.5.
Will I get a raise?
The Panthers have a cap figure that’s set at $135 million for the 2016 season.
In 2019, that figure is $140 million, but as of July 1, that number will increase to $145 million.
If the Panthers extend the contract beyond the 10-year mark, the cap figure will increase by an additional $3 million to the cap number, which is $158 million.