NewsHK
When the NFL salary cap functions as a hard budget constraint, fully guaranteed money carries a cost that compounds well past the life of the deal.
The Cleveland Browns are living that reality now, four years after trading for Deshaun Watson and signing him to a five-year, $230 million contract, the largest fully guaranteed deal in league history.
Leigh Steinberg, the sports agent inducted into the California Sports Hall of Fame in 2017, explained the structural problem to OutKick.
Advanced caponomics, he said, normally allows teams to take a large base salary, attach a new signing bonus, and extend the contract across additional years, spreading the cap charge and freeing room for other signings.
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