Last year, Andy Dalton and Colin Kaepernick both accepted “pay-as-you-go” contracts that included very little in terms of guaranteed money, but Luck and Wilson both have more than enough leverage to secure more guaranteed money.
Cole mentions that the new contracts for Luck and Wilson could include anywhere from $50 – $70 million guaranteed.
An agent who spoke to Cole said he anticipates that these deals will end up having a “trickle-down effect” on the type of salaries other players are able to make in the coming years.
According to Cole, there is also concern about the agents who will be negotiating these deals seeing as they don’t have as much experience as other NFL agents.
Luck, 25, will be entering the final year of his four-year, $22.1 million rookie contract and stands to make a base salary of $3,404,727 for the 2015 season.
In 2014, Luck threw for 4,761 yards while completing 61.7 percent of his passes to go along with 40 touchdowns and 16 interceptions. Pro Football Focus has Luck rated as the No. 9 quarterback out of 39 qualifying players.
Wilson, 26, still has one year remaining on his four-year, $2.198 million rookie contract, which includes a base salary of $798,651 for the 2015 season.
This year, Wilson threw for 3,475 yards while completing 63.1 percent of his passes for 20 touchdowns and seven interceptions. He also ran for 849 yards and scored six rushing touchdowns over the course of 16 games.
The real selling point with Wilson if the fact that he has already led the Seahawks to three Championship games and two Super Bowls since he entered the league.
We’ll have more regarding both players as the news is available.