Rasul Douglas' Contract Is Straight-Forward

Rasul Douglas signed a very reasonable contract with the Packers.

Based on the information provided by Rob Demovsky, Rasul Douglas' contract is very reasonable and fits the needs of the Packers.  Here are the details of the 3 year, $21M ($5.3M signing bonus) deal:

YR Base R SB GA WO Cap Dead Save Cash
'22 1.05M   1.76M .45M .20M 3.33M 5.3M -1.96M 7.00M
'23 2.25M 2M 1.76M .45M .30M 6.76M 3.53M 3.23M 5.00M
Out:  2 years, $12.0M ($6M APY) with $1.766M Dead Remaining
'24 6.25M 2M 1.76M .45M .30M 10.76M 1.76M 9.0 9.0M

Douglas is only 27.  In 2024, he would be 30, but he has a reasonable chance of earning the money in that year since $9M in cash likely will not be a lot for a cornerback.  Douglas can earn $4.5M in incentives for Pro Bowls, playing time and interceptions.  The interceptions must be pretty stiff since they are deemed unlikely to be earned and Douglas had five last year.  The playing time incentive also is fairly stiff since nothing is included in his cap number and he played 680 snaps for the Packers in 2021. 

The signing bonus is only 25.2% of the total value of the contract, which is slightly lower than normal for the Packers.  I would normally have expected 30% or about $6.3M as a signing bonus.  The cash flow is decent but not great.

There are no contortions in this deal.  Mr. Demovsky did not mention any void years.  If there were two void years so as to allow the signing bonus to be amortized over the maximum of 5 years, then Douglas' cap number would decrease by $706K in each year.

This deal is fine for a player who might be a starting cornerback or who could step in as a starter and at worst figues to play quite a bit in 2022. 

 

 

 

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6 points

Comments (13)

Fan-Friendly This filter will hide comments which have ratio of 5 to 1 down-vote to up-vote.
Thegreatreynoldo's picture

March 24, 2022 at 06:18 am

Um, these are the numbers. Good deal.

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Bure9620's picture

March 24, 2022 at 08:53 am

Yes good deal, essentially a 2 year deal but they could really get out after 1. Team friendly.

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croatpackfan's picture

March 24, 2022 at 09:37 am

Wrong position of my comment...

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SanLobo's picture

March 24, 2022 at 07:21 am

He said he wanted to stay in Green Bay and would make a fair deal with the team. Clearly, he’s a man of his word. Good article, TGR.

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croatpackfan's picture

March 24, 2022 at 09:36 am

Unlike some other ...

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murf7777's picture

March 24, 2022 at 09:01 am

This makes one of the best backfields in the biz....Alexander, Stokes, Douglas, Amos and Savage. You might see them add a hybrid ILB/Safety in the draft as well. With Reed added in the middle and Whomever they draft we look very solid on D.

We do need to add an Edge rusher and I suspect they will in the first two rounds. The draft is loaded at the Edge position.

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Thegreatreynoldo's picture

March 24, 2022 at 09:08 am

BTW: Overthecap has a probably deliberate mistake in their numbers. APC has a couple of typos.

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croatpackfan's picture

March 24, 2022 at 09:35 am

TGR, you are my SC hero... I trust you with no doubt. When you are not certain in any number, you state that clearly...

Once again, thank you...

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BirdDogUni's picture

March 24, 2022 at 10:35 am

Well done again Tgr!

Very happy we have Rasul back and happy you're happy with the numbers!

It's going to be a great year guys!

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BruceC1960's picture

March 24, 2022 at 12:59 pm

When do we start to get nervous about no extension for Jaire yet? Wouldn’t that cap savings help us in free agent market?

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PatrickGB's picture

March 24, 2022 at 03:39 pm

My guess is that Alexander is anticipating another great season which would result in a huge payday. And the Packers are trying to stay under the cap while still looking at a possible FA addition this year.

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Thegreatreynoldo's picture

March 24, 2022 at 06:30 pm

Personal preference? I am just going off memory rather than looking at any data; that said, it seems to me that extensions often happen later, sometimes not until August or September.

However, this year is a different animal for many of us and arguably for the front office as GB seems all-in. Alexander is the remaining player with the option to gain the most cap space. No one else can provide $5M to $7M in cap relief.

So, my answer really is based on when will the Packers need more cap space? The first wave of free agency is over. Cap space is tight right now. It clearly should inhibit the Packers' inclination to sign more players at this time.

If things are hunky dory perhaps they can assume there will be cap relief, but otherwise they have Lowry, Lazard and perhaps Crosby in their back pocket, assuming cooperation (and we don't know if Lewis and Lazard will agree or have already agreed to void years). With Tonyan's deal, GB probably has enough to sign their draft picks, PS, 52nd/53rd and have a $4M to $5M piggy bank, and not much more.

If they want to sign more free agents or make some other moves, they need to generate cap relief.

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greengold's picture

March 24, 2022 at 01:51 pm

Some players have it, and he's got it!!! Good to see them get a deal done, and it's nice to know we've got him on board another 2-3 years. Thanks, TGR!

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