Wisconsin Football: TJ Watt Signs First NFL Contract
Wisconsin Football’s TJ Watt signs a lucrative first NFL contract
On Wednesday, former Wisconsin linebacker TJ Watt signed his first professional contract. Kudos to his agent because Watt’s deal is more favorable than comparable draft picks.
Watt was the 30th overall selection in the 2017 NFL Draft by the Pittsburgh Steelers.
He was the first Wisconsin Football player picked this year, with Wisconsin Football’s Ryan Ramcyzk going two slots later to the New Orleans Saints concluding the 1st round.
The deal is for 4-years at $9,258,568 with $7,933,000 guaranteed. He also received a $4,873,504 signing bonus which is payable right away. The signing bonus for NFL contract’s is prorated over the life of the contract for salary cap purposes. So Watt’s signing bonus will count just over $1.2 million per year of the quadrennial deal.
Related Story: Wisconsin Football: Watt and Ramcyzk Drafted in 1st Round
Of course big brother JJ wasted no time in congratulating TJ as only a big brother can:
Under the new Collective Bargaining Agreement every first rounder has a base four-year deal with a club option for the fifth year. Remember, the guaranteed dollars is always the most important figure in evaluating NFL contracts because that is money a player will receive in full.
Wisconsin Football’s TJ Watt did well for himself compared to other recent NFL Draft picks who went 30th overall. Below is a comparison of the contract details for the four previous 30th picks in the NFL Draft.
2017 TJ Watt (Wisconsin), Pittsburgh Steelers
4-Years $9,258,568, Guaranteed: $7,933,000 [Signing Bonus: $4,873,504]
2016 Robert Nkemdiche (Ole Miss), Arizona Cardinals
4-Years $8,600,601, Guaranteed: $8,150,600, [Signing Bonus: $4,016,897]
2015 Damarious Randall (Arizona State), Green Bay Packers
4-Years $7,915,734, Guaranteed: $5,966,315, [Signing Bonus: $4,016,897]
2014 Jimmie Ward (Northern Illinois), San Fransisco 49ers
4-Years $7,112,534, Guaranteed: $5,302,639, [Signing Bonus: $3,492,752]
2013 Alec Ogletree (Georgia), St. Louis (now LA) Rams
4-Years $7,030,034, Guaranteed: $5,666,393, [Signing Bonus: $3,492,752]
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From the list above, both Nkemdiche and Ogletree slipped a bit in the draft due to off-the-field red flags so perhaps the Cardinals and Rams factored that into the contract discussions.
The average guaranteed dollars from the previous four 30th overall NFL draft picks totals $6,271,486.75. Watt’s guaranteed money is a 26.5 percent increase overall that average. The mean signing bonus from the previous four 30th overall NFL draft picks equals $3,754,824.50. Watt’s signing bonus is a 29.8 percent increase over the mean.
In sum, Watt’s rookie deal is significantly more lucrative than his contemporaries and he should be pleased at the tremendous value of his first NFL contract.