Cousins signed a three-year, $84 million deal that is fully guaranteed, sources say. It not only makes him the highest paid player in football history, but he's also the first quarterback to sign a multi-year, fully guaranteed deal. With all the leverage in the world, Cousins and agent Mike McCartney of Priority Sports became pioneers. Only time will tell if they will become trend-setters.
Once it became clear Cousins would sign with Minnesota, sources informed of the specifics took us inside this history contract:
Cousins receives a $3 million signing bonus. His base salaries are $22.5 million for 2018, $27.5 million for 2019 and $29.5 million for 2020. In each year, he gets a $500,000 workout bonus. That's $84 million. So it's $26 million in Year 1, $28 million in Year 2, $30 million in Year 3, a top 5 cash flow. There is no hefty signing bonus, but the fully guaranteed $84 million is far more than the previous high of $60 million.
Cousins also has a no-trade provision and a no transition tag provision.
Cousins made $44 million over the past two years with his franchise tags. That means he'll make $128 million over five seasons.
Consider the fact that before he signed his first franchise tag, Cousins made a contract counteroffer to the Redskins that was a three-year, $58.5 million offer that was fully guaranteed. They quickly turned it down.
Safe to say, Cousins has done better for himself since then.