The Green Bay Packers made the start of Josh Sitton’s Labor Day weekend a little sweeter by rewarding his hard work with a five-year contract extension. Bob McGinn of the Milwaukee Journal Sentinel has the details:
Sitton's deal is worth $33.75 million in new money, including $8.9 million in guarantees.
His cap salaries are $4.896 million this year, $4.85 million in 2012, $5.55 million in 2013, $6.4 million in 2014, $6.75 million in 2015 and $6.6 million in 2016.
Sitton received a $6 million signing bonus and roster bonuses totaling $7.15 million. His roster bonuses are $2.9 million this year, $2.4 million in 2012, $650,000 in 2013 and $400,000 in 2014, 2015 and 2016.
His existing base salary of $1.2 million this year was lowered to $700,000, presumably for cap purposes. His base salaries will increase to $950,000 in 2012, $3.4 million in 2013, $4.5 million in 2014, $4.85 million in 2015 and $5.9 million in 2016.
Sitton also will receive a $300,000 workout bonus each year.
The extension locks up Sitton, a Pro Bowl alternate last season, until 2016. It also leaves the Packers with room to negotiate extensions for other key members of the team.
According to ProFootballTalk.com, the Packers were $12.8 million under the salary cap prior to Sitton’s new deal. Using McGinn’s numbers and my rough math, that leaves the team with approximately $8 million left to work with this season.
Whether or not general manager Ted Thompson chooses to spend that money, however, remains to be seen.