"We're betting big on him because we believe in him," Brown added. "We are looking forward to the future with Andy."
NFL Media Insider Ian Rapoport reports, via a source who has seen the contract, that the base value of Dalton's deal is $96 million, for an average of $16 million annually.
There is an additional $19 million available in tiered incentives that can be reached by advancing to the divisional round of the playoffs, the conference title game and the Super Bowl, according to NFL Media's Albert Breer.
Dalton will receive a $12 million signing bonus with a $5 million roster bonus coming in three days. Beyond that $17 million, there are no more guarantees in the contract.
Although Dalton will earn $22 million in the next six months, the deal averages a reasonable $12.5 million over the first two years.
Both deals are team-friendly compared to the going rate for established quarterbacks, which is not to say that Brown and Lewis now enjoy a competitive advantage.