The Arizona Cardinals re-signed 12 players from the 2019 season. One was safety Chris Banjo, who was signed early in the season and became a core special teams player.
The details for his contract are in. His base salary is $1.05 million. According to Over the Cap, he received a signing bonus of $137,500 and has $162,500 of his salary fully guaranteed. In all, he is guaranteed $300,000 this season, even if he does not make the team.
However, his cap hit will be lower than the nearly $1.19 million he will make this season. Because of how the contract is structured, his contract qualifies for the veteran salary benefit against the cap. The Cardinals get $300,000 in cap relief. Banjo’s contract will count only $887,500 against the salary cap in 2020.
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Ep. 262
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