Myles Garrett is now a very wealthy man.
(Crowd: How wealthy is he?)
Garrett is so wealthy he can start his own Jurassic Park if he wants.
That’s the kind of money Garrett, a noted dinosaur enthusiast, has with his new 5-year, $125 million contract extension to keep playing defensive end for the Cleveland Browns until at least 2027. The Browns confirmed the signing on Wednesday, though the details here are cobbled together from various reports, including those from Spotrac, NFL.com’s Ian Rapoport and ESPN Cleveland.
Here’s how the deal breaks down for Garrett…
- It is an extension, not a new contract. That means it does not take effect until the 2022 season. Garrett still has two more years on his initial rookie contract signed as the No. 1 overall pick in the 2017 NFL Draft. That includes a fifth-year option the Browns picked up earlier this offseason.
- $50 million guaranteed at signing
- $100 million fully guaranteed
The $25 million per year makes Garrett the highest-paid defensive player in the league in terms of annual salary. Again, that doesn’t kick in until the 2022 season.
Stay tuned for updated details on the yearly structure and cap ramifications of Garrett’s lucrative extension.
