Contract Details For Cowboys K Dan Bailey’s Six-Year Extension

Update:

Ian Rapoport reports that the Cowboys K Dan Bailey will receive a six-year extension worth $22.5 million.

Bailey receives a $4 million signing bonus to go along with $7.5 million guaranteed. He’ll have $3.4 million over the course of this deal.

Here’s how Bailey’s deal stacks up with the top kicker contracts:

• Bears K Robbie Gould: five-years, $17.925M total, $8.85M guaranteed, $3.75M average.
• Raiders K Sebastian Janikowski: five-years, $18.9M total, $8M guaranteed, $3.775M average
• Cowboys K Dan Bailey: six years, $22.5M total, $7.5M guaranteed, $3.4 average.

It’s worth noting that only $4.9 million of Gould’s guaranteed figure is fully guaranteed, according to Overthecap.com.

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The Dallas Cowboys announced on Thursday that they’ve reached an agreement with restricted free agent K Dan Bailey on a long-term extension that will keep him under team control through the 2020 season.

According to the team’s website, Bailey will make a little more than $3.3 million per season.

Given that the Cowboys are in bad shape in regards to their cap situation, it makes sense that they would elect to extend Bailey’s contract over several of years, as it allows them to keep his cap figures at a manageable level.

The key figure here will be the guaranteed cash included in Bailey’s new contract, but it seems unlikely that he will come close to the $8.85 million guaranteed the Bears gave to K Robbie Gould.

Bases on the $3.3 million annual salary, it appears as though Bailey’s guaranteed figure could be close to $4 million, which is what the Buccaneers gave to K Connor Barth.

Bailey, 25, is one the best young kickers in the league. In 2013, he converted 93.3 percent of his field goal attempts, which was good enough for No. 4 overall in that department. He was also 6 of 7 from over 50 yards.

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Cowboys VP Stephen Jones told reporters on Wednesday that they are in “serious contract negotiations” with restricted free agent K Dan Bailey regarding a long-term deal, per Brandon George.

It’s hard to speculate as to what the Cowboys offering Bailey, but he could end up receiving a top-five contract given his age and recent success. The Bears recently signed K Robbie Gould to a five-year deal worth $17.925 million that included $8.85 million guaranteed, so I sure Bailey and his agent are using that as a high point for negotiations.

If Bailey was able to get $4.5 – $5 million guaranteed in his next contract, that would be pretty good.