About a week ago, we got the news that LT Charles Leno had signed a contract extension to stay in Washington. The initial report was that it was a 3-year deal worth $37.5m, but now, thanks to the good people at Over the Cap, we know the structure of the deal.
Signing bonus
Leno receives a signing bonus of $9m, or about 24% of the contract value. This is fairly thrifty. Interestingly, the structure and timing of the contract charged $2.25m of this signing bonus to the 2021 season, based on my reading of the OTC chart.