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NFL Offseason Series: Quarterbacks

NFL Offseason Series: Quarterbacks
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Our offseason signing series begins with the Quarterback position, where things remained relatively quiet for the most part. The top free agent, Brock Osweiler, locked in a comfortable $37M guaranteed with the Texans, while veterans Joe Flacco and Tom Brady re-upped with their respective teams to save some cap space and increase their guaranteed money. We'll take a look at quarterback movement across the league, including Extensions, Free Agent signings, Trades, Draft Picks, and Undrafted Free Agent signings. Related: Track all offseason spending by team & position.

2016 QB Extensions

Eight quarterbacks signed extensions with their respective teams this offseason for a total of $167,600,000, $125.4M of which is fully guaranteed. This includes the franchise tag signed by Kirk Cousins with Washington. The two sides have until July 15th to agree on a long-term extension.

This list may grow soon with the Colts rumored to be closing in on a long-term deal for Andrew Luck, and the Saints presumably working on locking in Drew Brees at some point (his contract expires after 2016). Other potential candidates include Tyrod Taylor (BUF), and possibly Geno Smith if he wins the role in New York.

  • Joe Flacco, BAL

    3 year, $66.4M extension ($44M guaranteed)

    The deal Keeps him the highest average paid player in the NFL ($22.1M) and includes $44M in new guaranteed money. It secures Flacco in Baltimore through 2021, with a practical out in 2020 should the Ravens need it.

  • Tom Brady, NE

    2 year, $41M extension ($28M guaranteed)

    This restructure came on the heels of his 4 game suspension, and included a significant decrease in base salary, greatly reducing the amount loss per suspended game. It also comes with $28M guaranteed in the form of a 2016 signing bonus. Brady's locked in to the Patriots until at least 2018 based on this deal, essentially a 3 year, $45M contract.

  • Sam Bradford, PHI

    2 year, $35M extension ($22M guaranteed)

    At the time of this deal, it appeared Bradford was the short-term answer for the Eagles. While Carson Wentz hasn't yet changed that, it's certainly raised eyebrows. Bradford gets $18M guaranteed at signing, with $4M more locked in next March, should the two sides want to continue this marriage.

  • Kirk Cousins, WAS

    1 year $19.953M franchise tag

    Cousins and the Redskins don't appear on track to come to terms on a long-year deal this summer, so this will be a 1 year showcase with a huge pay out. Washington will need to back up the brinks truck next spring if things go well.

  • Chad Henne, JAC

    2 years, $8M ($5M guaranteed)

    Henne signed a nearly identical extension to his previous deal (2 years, $8M, $4.5M guaranteed). He'll hold down the backup role for Blake Bortles for 2016, and can be cut loose next offseason with minimal cap effect.

  • Drew Stanton, ARI

    2 years, $6.5M ($4.5M guaranteed)

    Stanton signs a standard backup quarterback deal, including per-game active bonuses in both years, $3.5M cash in 2016, and $3M in 2017. Barring taking over the starting role, both sides should have no problem completing this contract.

  • Colt McCoy, WAS

    3 years, $9M ($1.8M guaranteed)

    McCoy won the backup spot from RG3 last offseason and was rewarded for doing so this spring. He'll earn $3M cash each of the first two years, and can void the 3rd year if he's taking more than 65% of the Redskins' snaps at any point in time.

  • Joe Webb, CAR

    2 years, $1.86M ($200,000 guaranteed)

    Webb is still slotted as the Panthers 3rd QB, but also contributes as a receiver and special-teamer. His versatility, and minimal guaranteed money likely secures his roster spot for the near future.

2016 Free Agent QB Signings

Seventeen quarterbacks signed a free agent contract this offseason, for a total of $134.4M. Of that $62.27M is considered guaranteed (60% of which applies to Brock Osweiler).

Osweiler cashed in on a very weak quarterback market (which is to be expected), as teams hardly ever let quarterbacks with starting potential to hit free agency.

» View the complete list

  • Brock Osweiler, HOU

    4 years, $72M ($37M guaranteed)

    Osweiler bolts Denver for what is practically a 2 year $37M, fully guaranteed contract with the Texans. None of his 2018-19 salaries contian guarantees, giving Houston a very easy out should they require it.

  • Chase Daniel, PHI

    3 years, $21M ($12M guaranteed)

    Philly signed 3 starting-capable quarterbacks this spring, including $12M fully guaranteed for Daniel ($7M in 2016, $5M in 2017). The $7M AAV ranks 24th among active QBs, ahead of quite a few starters.

  • Robert Griffin III, CLE

    2 years $15M (6.75M guaranteed)

    After falling out of favor in Washington, RG3 can earn $7.5M in each of the next two seasons with Cleveland, though if he's starting (and producing), this likely becomes a 1 year deal with an extension to come next offseason. Cleveland can get out of this early next March for just a $1.75M cap hit.

  • Brandon Weeden, HOU

    2 years, $4M ($450,000 guaranteed)

    Weeden returns to Houston to backup Brock Osweiler on an extremely team friendly $2M per year deal. The $450,000 roster bonus paid in April is the only guarantee, meaning Houston can relieve themselves from this deal at any point in time.

Other Notable Signings

Player Team Contract Average Guaranteed
Matt Moore MIA 2 years, $3.55M $1.775M $2.75M
Scott Tolzien IND 2 years $3.5M $1.75M $500,000
Luke McCown NO 2 years $3M $1.5M $500,000
Matt Schaub ATL 1 year $2.75M $2.75M $500,000
Brian Hoyer CHI 1 year $2M $2M $750,000
Matt Cassel TEN 1 year $2M $2M $750,000
2016 Traded QBs

After losing Brock Osweiler to the Texans the Broncos reacted almost immediately, bringing over Mark Sanchez from the Eagles for a conditional 7th round pick in next year's draft. Denver acquires a team-friendly $4.5M salary/cap hit for Sanchez, $1M of which is fully guaranteed. The 29-year-old will compete with newly drafted Paxton Lynch for the starting role and is available for free agency after the 2016 season.

2016 Drafted QB Signings

Fifteen quarterbacks were drafted this year, including three in the first round. This more than doubles the seven that were selected in the 2015 draft, signifying the importance of depth teams are starting to place on the quarterback position.

The drafted quarterbacks combined for $98.8M in contracts, $67.4M of which is fully guaranteed.

» View the complete list here
  • Jared Goff, LAR

    4 years, $27.9M ($27M guaranteed)

    The Rams jumped up to select Goff, who joins Nick Foles, Case Keenum as viable starting options in LA this year. He'll pull in nearly $19M cash over the course of 2016.

  • Carson Wentz, PHI

    4 years, $26.6M ($26.2M guaranteed)

    The Eagles jumped up to get their man, even with Sam Bradford and Chase Daniel already under contract and well guaranteed. Wentz will reel in $18M this year, possibly from the bench.

  • Paxton Lynch, DEN

    4 years $9.4M (7.8M guaranteed)

    Denver jumped up to ensure they'd get Lynch, a necessity with the free agent loss of Brock Osweiler and retirement of Peyton Manning. Denver guaranteed Lynch an extra $600,000 above his draft slot. He'll compete with Mark Sanchez for the starting gig in 2016.

2016 Undrafted Free Agent QB Signings

Twelve quarterbacks were signed as undrafted free agents this offseason, totaling $18,295,000, with just $45,000 guaranteed. Josh Woodrum (Liberty) received $20,000 guaranteed from the Giants, while Trevone Boykin (TCU) got $15,000 from the Seahawks.

Notable veteran UDFAs include Tony Romo (DAL), Chase Daniel (PHI), Brian Hoyer (CHI), Matt Moore (MIA)

» View the complete list here