Taysom Hill signs another Saints contract extension, earns $22.5M in guarantees

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Huh. ESPN’s Adam Schefter reported Monday that the New Orleans Saints signed a four-year contract extension with Taysom Hill that brings in $22.5 million in guarantees with a lot of incentives if he wins — and holds onto — their starting quarterback job in the near future. At its base value the contract is valued at $40 million, with escalators pushing its maximum value up to $95 million.

Hill was scheduled to become a free agent in March 2022, leaving an $8.9 million cap hit in dead money on the Saints’ books if he signed with another team. This deal will allow them to keep him on the roster and spread out the cap accounting. So if he’s going to remain in his current role as a hybrid tight end-receiver while playing heavy minutes on special teams, he’ll pull in $10 million per year.

If Hill wins the starting quarterback job and plays well enough to stay on top of the depth chart, he can earn up to $23.75 million per year, which is what mid-tier starters are making these days. But Hill hasn’t been able to hold onto the starting job before, so it’s more likely he’ll continue in his versatile role — when healthy. A recent foot injury limited him to the backup job behind Trevor Siemian in Week 11’s loss to the Philadelphia Eagles.

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