The Broncos agreed to terms on a four-year deal with former Lions offensive lineman Graham Glasgow last week. Thanks to KUSA-TV’s Mike Klis, we now know the details of how that contract breaks down.
Glasgow received a $12 million signing bonus, according to Klis. That money has already been paid to him but for salary cap purposes, it will be prorated over the next four years ($3 million per season).
This year, Glasgow will have a $2.5 million base salary and a $500,000 playtime bonus. Those totals combined with his prorated signing bonus gives Glasgow a 2020 salary cap hit of $5,968,750, according to OverTheCap.com.
That’s a very reasonable cap hit for a player that’s scheduled to earn an average of $11 million per season. Glasgow’s cap hits will jump up to $12 million (2021 and 2022) and $14 million (2023) in the coming years.
After accounting for Glasgow’s cap hit, OTC estimates that the team has $21,960,396 in remaining cap space. That does not include the cap hit of new punter Sam Martin, who will earn an average of $2.35 million per year.
