For the second time since the start of the new league season, an NFL quarterback inked a filthy-rich contract extension that can directly impact the value of the deal Nick Foles can sign next offseason.
And for the second time, Foles essentially yawned and shrugged.
The Bengals and fourth-year quarterback Andy Dalton reached an agreement Monday on a blockbuster six-year deal. Reports vary on the total money, but they indicate a total that can be in excess of $95 million.
In June, 49ers quarterback Colin Kaepernick signed an extension that could be worth more than $125 million.
Foles, who will be eligible for an extension after this year, insisted Monday that he’s not focused on dollars down the road.
“Like we were talking about earlier, I'm really happy for Andy, I think he's a great quarterback and well-deserved,” Foles said. “But I don't worry about it. When I’m on the field, that doesn't matter. My job is to do what I can to help us be a successful football team, so at the end of the day we'll see what happens.”
Per rules of the CBA, drafted players can’t sign extensions until after the completion of their third season. Kaepernick and Dalton were each second-round picks from the 2011 draft.
Foles, a third-round pick in 2012, will make $635,000 this season in base salary and workout bonus. Next year, he’ll make $680,000 if he’s on the roster unless he and the team negotiate a long-term contract.
Kaepernick and Dalton each signed “pay as you go” deals, which are structured to dole out big money in the signing bonus and first year of the extension but give the team flexibility for the long term. They’re loaded with incentives that can reap even more money if the player performs at a high level and if the team makes deep postseason runs.
Dalton reportedly gets $17 million upon signing and $5 million more in March to go along with his $986,000 base salary in 2014. He has a $4 million roster bonus next year along with a $3 million base salary, both of which he’ll likely see even if he struggles this year. But the Bengals can move on from Dalton in 2016 without a crippling cap hit if Dalton fails to perform.
So that’s $29 million over the next two seasons for Dalton, who made the Pro Bowl as a rookie but hasn’t since. He’s had just one 4,000-yard passing season and hasn’t won a game in three trips to the playoffs. In his three postseason games, Dalton has completed 57 percent of his passes and compiled a 56.2 passer rating.
Dalton has a career 60.9 completion percentage and 85.7 passer rating, which are both worse than Foles’ career averages, albeit Dalton has 1,630 career pass attempts to Foles’ 582. Foles has completed 62.5 percent of his passes and has a career passer rating of 101.
If Foles comes close to duplicating his 2013 season and wins a playoff game or two this year, he can expect to cash in with a contract that blows Dalton’s away and mirrors the haul Kaepernick got from San Francisco.
But it couldn’t be further from his mind.
“It's a blessing to play this game. I'm never worried about that,” he said. “I always know that if you just take care of business and take care of business each and every other day the rest will take care of itself and you'll be taken care of. I'm really happy for Andy and I'm happy for Colin, those guys have done a great job. As a player, I just need to continue to excel on the field, and that's it."