The true value of Kyler Murray’s contract extension
The Arizona Cardinals announced that quarterback Kyler Murray agreed to terms on a contract extension that will keep him with the team through the 2028 season. It is being called in reports a five-year, $230.5 million extension.
That means he is getting an average of $46.1 million over the five years of the deal. Since it is called an extension, technically it begins in 2024.
But that isn’t the true value of the deal. That is what they will say publicly, which will make the headlines.
However, he is getting some of that money now in 2022. He doesn’t have to wait until 2024 to get the new money.
The truth is that he is getting $230.5 million in new money over the next 7 seasons.
So if we take the $230.5 million in new money in the contract, add in the $29.7 million he was due to make in 2023 and this year’s scheduled salary of $965,000, the true value of his contract is almost $261.2 million over seven years, which is an average of $37.3 million per year over that span.
That still makes him one of the highest-paid quarterbacks in the NFL but it doesn’t put him almost at the top.
The $46.1 million per-year average is real, but it is only counting the new money and putting it in 2024 and later, even though Murray will get money now.
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