Packers, Finley work out two-year contract
With a potential franchise-tag fight over whether he’s a tight end or a receiver looming, Jermichael Finley and the Packers have come to terms on a new contract.
According to a league source, a two-year deal was finalized on Wednesday. The contract has a total value of just under $15 million.
The average value of the deal — $7.5 million — roughly splits the difference between the tight end franchise tender of $5.4 million and the receiver franchise tender of $9.4 million. And it gives Finley another crack at the open market in 2014, when the new TV money will have kicked in and driven up the salary cap.
In light of the new contract, the question of whether Finley is a tight end or a receiver won’t be as significant the next time Finley is due to hit the market. Based on the 2013 cap number in Finley’s deal, a 120-percent increase would put the tender for Finley over $10 million.
According to a league source, a two-year deal was finalized on Wednesday. The contract has a total value of just under $15 million.
The average value of the deal — $7.5 million — roughly splits the difference between the tight end franchise tender of $5.4 million and the receiver franchise tender of $9.4 million. And it gives Finley another crack at the open market in 2014, when the new TV money will have kicked in and driven up the salary cap.
In light of the new contract, the question of whether Finley is a tight end or a receiver won’t be as significant the next time Finley is due to hit the market. Based on the 2013 cap number in Finley’s deal, a 120-percent increase would put the tender for Finley over $10 million.
Comment