McNair's deal worth $32 million maximum

Staff Writer
Posted Jun 10, 2006

OWINGS MILLS -- The Baltimore Ravens’ major investment in new quarterback Steve McNair carries a maximum value of $32 million over the course of his five-year contract, according to NFL Players Association documents. However, the three-time Pro Bowl selection’s financial package is actually built to act as a three-year agreement that will pay him a total of $20 million.

McNair, 33, is slated to receive an $11 million roster bonus on Sept. 1 of this year in lieu of a formal signing bonus. He will be paid a base salary of $1 million.

McNair's base salaries elevate significantly beginning in 2009 when he's scheduled to be paid $6 million. He's due another $6 million in 2010 when his contract concludes.

McNair is due a $1 million option bonus next spring. His base salary for 2007 is $3 million and he's to be paid a $4 million base salary in 2008.

McNair's salary-cap figure for this season is a manageable $3.2 million, much less than the $23.46 million he counted against the Tennessee Titans’ books prior to being traded to Baltimore on Thursday for a fourth-round draft pick in next year’s draft. He still counts over $14 million against the Titans' salary cap this year, a reduction of $9 million.

Because of the prorated portion of McNair’s bonus and his increased base salaries over the next few years, his salary-cap figures will count for $5.45 million in 2007 and $6.45 million in 2008. In 2009 and 2010, McNair’s salary-cap figures would account for $8.45 million each year.

Team president Dick Cass estimated at the Ravens' spring football festival that the team is essentially in the midst of a two-year window to make another Super Bowl run. After the next two seasons, the team may have to shed several large salaries to comply with the league’s salary cap in a roster purge that could mirror the 2002 offseason.

The Ravens could either attempt to restructure contracts of older players, cut them or several veterans might opt to retire.

Former All-Pro linebacker Ray Lewis is due a $6.5 million base salary in 2008, the final year of a seven-year, $50 million contract that included a $19 million signing bonus.

Plus, cornerback Chris McAlister is due $8 million in 2008, the same year offensive tackle Jonathan Ogden is due $7.515 million, cornerback Samari Rolle is due $3.9 million, wide receiver Derrick Mason is due $3 million and defensive end Trevor Pryce is owed $3 million.

Aaron Wilson writes for Ravens Insider and the Carroll County Times in Westminster Maryland.

If you are reading this article via a news portal, you can find the original on RavensInsider.Com

Related Stories
McNair's cram course begins
 -by  Jun 12, 2006
McNair plays through the pain
 -by  Jun 8, 2006
McNair covets a Super Bowl ring
 -by  Jun 8, 2006

> Members-only Forums
> Insider Information
> Free Agency &
   Draft News
> Expert Chats

Sign Up Today!

Free Email Newsletter
Don't miss any news or features from Subscribe to our newsletter to have our newest articles emailed to you on a daily or weekly basis.
Click here for a list of all Team Newsletters.

Add Players to My HotList
Get free email alerts with news about your favorite players. Click name to add to My HotList.
QB Steve McNair (profile)
[View My HotList]
Add Topics to My HotList
Get free email alerts with news about your favorite topics. Click link to add to My HotList.
Football > Alcorn State > Alumni
Football > Baltimore
Football > Mount Olive HS > Alumni
[View My HotList]