News is breaking that your Houston Texans and Derek Newton have agreed to a five-year contract that will keep the starting right tackle in Houston.
The #Texans have agreed to terms on 5-year deal for OT Derek Newton, source says— Ian Rapoport (@RapSheet) March 7, 2015
RT @MikeJonesWaPo Source says Newton's deal in Houston is five years, just more than $25M. Another perk to remaining in Texas no state taxes— Jayson Braddock (@JaysonBraddock) March 7, 2015
A good estimate might be something similar to what Michael Oher's 4-year deal looked like. Just running some assumptions, a five-year $26.5M deal for Newton with a $6M signing bonus and $10M guaranteed would be something like this:
2015: $5.675M salary, $1.2M pro-rated (signing bonus)
2016: $5.675M salary, $1.2M pro-rated (signing bonus)
2017: $2M salary, $1.2M pro-rated (signing bonus)
2018: $3.5M salary, $1.2M pro-rated (signing bonus)
2019: $4M salary, $1.2M pro-rated (signing bonus)
The Texans would still have $22 million in cap space to sign other players in 2015, assuming they still release Andre Johnson as previously requested by 'Dre and his agent.
For a player who was once nicknamed "Hologram" for his inability to block in pass protection, Newton sure has developed quite well over the last couple of seasons. Congratulations to Derek Newton and the Texans!
UPDATED WITH CONTRACT TERMS:
Houston gave Derek Newton a 5-year, $26.5 million deal, including $10m gtd; 13.75M in first 2 and $17M in first 3. Not bad for a 7th rd pick— Adam Schefter (@AdamSchefter) March 7, 2015
Front-loaded, but only $10 million guaranteed. This makes sense for a team that may have to absorb a big QB contract in a couple of years.
Share your thoughts below as we keep an eye out for more breaking news on Kirby.