Thanks to John McClain's latest blog entry
, we now know the terms of the three (3) year deal Rosevelt Colvin
inked with your Houston Texans. And they are:
In 2008, Colvin gets a base salary of $1 million, of which $500,000 is guaranteed. He also gets a roster bonus of $343,750.
In 2009, Colvin gets a base salary of $3 million, of which $500,000 is guaranteed. He also gets a roster bonus of $343,750.
In 2010, Colvin gets a base salary of $3.5 million, with no guarantee. He gets a roster bonus of $343,000.
So, if Colvin plays well for the Texans and stays on the team for three seasons, and his contract isn't restructured, his total deal is three years, $8.529 million if I've added correctly. Only $1 million is guaranteed, though.
I LOVE this contract. Very little guaranteed money throughout the deal for a potential pass-rushing bookend for Super Mario, and only $500,000.00 guaranteed in Year One. In other words, if Colvin doesn't work out come training camp, the team can part ways with him without having to take a Casserly-esque cap hit. Looks like another excellent signing by Rick Smith
, who is quickly becoming one of the most shrewd executives around. What say you, BRB?