On Monday, Ian Rapoport of the NFL Network reported that Green Bay Packers safety Morgan Burnett had agreed to a four-year, $24.75 million extension that included $8.25 million in guaranteed money.
According to a source with knowledge of the details of Burnett's extension, the $1.323 million in base salary that the 2010 third-round pick from Georgia Tech was scheduled to earn in 2013 has not been changed, nor has it been guaranteed. The only guaranteed portion of the extension comes in the form of an $8.25 million signing bonus, which will be prorated against the cap ($1.65 million per season) over the next five seasons (2013-17).
In 2014, Burnett is scheduled to earn $3.25 million in total cash compensation. That sum is comprised of a $1.15 million in base salary, $1.8 million in roster bonuses and a $300,000 workout bonus. The roster bonus is divided between a $1.5 million roster bonus that is due on the fifth day of the 2014 league year and $300,000 in "per game active" roster bonuses ($18,750 per game).
In the final three seasons of the extension, Burnett has base salaries of $2.9 million (2015), $3.8 million (2016) and $4.75 million in 2017. Burnett also has $300,000 in "per game active" roster bonuses and $300,000 in workout bonuses in each of those years of the contract.
Overall, Burnett is scheduled to earn $26.073 million over the next five seasons, though there are unspecified base salary escalators available in each year of the extension. Burnett's cap numbers the next five seasons are $3.192 million in 2013 (up from $1.542 million before the extension), $4.9 million in 2014, $5.15 million in 2015, $6.05 million in 2016 and $7 million in 2017.