The details of Michael Bamiro’s contract are out. And they’re interesting.
Eagles signed rookie tackle Michael Bamiro's three-year contract worth $1.486 million, including $248,270 guaranteed.
— Aaron Wilson (@RavensInsider) July 18, 2013
Michael Bamiro got a $1,170 signing bonus, a $53,750 salary advance; $140,000 base fully guaranteed this year and $107,100 of 2014 base gtd
— Aaron Wilson (@RavensInsider) July 18, 2013
Salary cap expert Sam Lynch offered some insight on these details, also on Twitter. Rather than show all the tweets, let’s focus on the contents. Quick note…PS=practice squad.
Note: likely that any prac squad sal offsets gty
Therefore, while the amount of guaranteed money is consistent with something between a 4th and 5th rd pick, guar sal = less valuable than SB (signing bonus)
Also, amount of guaranteed money is less than the minimum split salary (if player is on IR). If Bamiro not best 53, cuttable, PS-able.
Final note: Min PS salary for 2013 is $102k (17 weeks x $6k/week). It will be $107,100 in 2014 which is EXACTLY Bamiro’s salary guar in ’14.
In all, I'd say the Eagles guaranteed Bamiro practice squad spots in 2013-14, plus additional $39,170 — lower than SB of last pick in draft
— Sam Lynch (@shlynch) July 18, 2013
Thanks to Sam for clearing this up.
Early obvious nickname possibility: BamBam.
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