Suck my balls, BoB!!!! Sensabaugh isn't even guaranteed to be on the roster NEXT season..this contract was brilliant. Here are the specifics
After playing the last two-plus seasons on one-year contracts totaling $6 million, Dallas Cowboys safety Gerald Sensabaugh signed a five-year, $22.5 million contract extension late last week that included $8 million in guaranteed money.
Through a league source, Mac's Football Blog has gotten a closer look at Sensabaugh's contract and on the surface, it appears to be a two-year, $8 million extension with $4 million fully guaranteed.
As part of the extension, Sensabaugh received a $4 million signing bonus, with $800,000 in proration spread from 2011 through 2015. Sensbaugh has a $1 million base salary in 2012, which is currently guaranteed for injury only, but will become fully guaranteed (skill and cap) if he's on the roster on March 13, 2012, the first day of the 2012 league year. In 2013, Sensabaugh has a $3 million base salary that is currently guaranteed for injury only, but will become fully guaranteed if he's on the roster on the first day of the 2013 league year.
From 2014-16, Sensabaugh, who turns 30 in 2013, has $14.5 million non-guaranteed base salaries of $4 million (2014-15) and $6.5 million (2016), with $250,000 base salary de-escalators in each year which kick in if Sensabaugh fails to complete offseason workouts.
When you combine this multi-year extension with the one-year, $2.5 million contract Sensabaugh has been playing under, he'll make $6.5 million in 2011, which is a decent haul just one year after being denied unrestricted free agency by the uncapped season, and $10.5 million over a three-year period (2011-13), which is similar to what Melvin Bullitt received from the Indianapolis Colts in August.
Beyond 2013, however, there are no guarantees for Sensabaugh and plenty of salary cap savings incentives -- $3.2 million (2014), $4 million (2015), and $6.5 million (2016) -- for the Cowboys to release a safety who will be over 30 at that time or gain leverage in a contract renegotiation.