Contract Details Regarding Alex Mack’s Offer Sheet With The Jaguars

Update:

Ian Rapoport reports that the Jaguars offer sheet out to C Alex Mack will be “executed” on Friday, which means the Browns will have five days to match the offer from that point.

According to Rapoport, Mack’s offer sheet is a five-year deal worth $42 million that includes $18 million over the first two years.

Mack, as previously reported, will have a player option in 2015. The contract also prevents his next team from tagging him again.

Mike Garafolo reports that Mack’s 2016 salary of $8 million is fully guaranteed if he doesn’t void the contract after two years. This would bring his total guarantees to $26 million.

• ESPN’s Adam Schefter reports that once the Jaguars and Mack have signed their offer sheet, the Browns are expected to match the offer “in no time at all.“
• Ed Werder reports that the two sides may not have a finalized agreement in place until Friday.

The Browns clearly have plenty of cap space to match this offer sheet, even though they would reportedly be committing to paying a center close to $18 million to $20 million fully guaranteed over the first two years.

All indications from the team are that they intend to make any offer sheet Mach received this offseason. It would like bad if the Browns lost Mack without compensation by refusing to pay the extra $1.6 million it would have required to use the franchise tag.

Mack, 28, has played every snap for the Browns since being drafted in the first round in the 2009 NFL Draft. Pro Football Focus has him rated as the No. 4 center in the league this past season.

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Mike Florio of Pro Football Talk, citing a league source, reports that the offer sheet agreement between the Jaguars and C Alex Mack is a “fairly straightforward contract.”

According to Florio, the deal includes a provision that will allow Mack to void the contract in as little as two years.

Florio’s source added that Mack will receive roughly $18 million to $20 million, fully guaranteed, over the first two years. If the deal remains in place, Mack will make close to $27 million guaranteed.

The Jaguars reportedly see this as a “way to change the franchise’s perception,” even though they don’t consider the contract to be a good deal for the team.

Florio puts the odds of the Jaguars signing Mack at “50-50” as of now.

The decision for Cleveland could ultimately come down to paying Mack an additional $8 – $10 million or so in 2015.

We’ll have more as the news is available.

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Jason La Canfora reports that transitioned-tagged C Alex Mack has agreed to terms with the Jacksonville Jaguars on an offer sheet.

• La Canfora adds that the actual offer sheet hasn’t been drawn up yet, but it is expected to be place “shortly” and later submitted.
• Mike Garafolo reports that the offer sheet will Mack the highest paid center in the league.

It will be fascinating to see what kind offer the Jaguars and Mack have in place.

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ESPN’s Adam Schefter reports that the Jaguars will sign transitioned-tagged C Alex Mack to a five-year offer sheet by Friday.

• Schefter adds that the Browns will have five days to match Jacksonville’s offer.
• According to Schefter, the offer sheet will make it “as difficult as possible” for the Browns to match.
• Mack reportedly wants to play for the Jaguars and was “highly impressed” with the team during his visit.

Cleveland currently have $30.85 million in available cap space to work with as opposed to the $25.1 million the Jaguars have, so it will be fascinating to see how the Jaguars and Mack structured this offer sheet.

Should the Browns not match the Jaguars offer sheet, they wouldn’t receive any draft compensation for Mack based on the fact that they used the transition tag, and not the franchise designation.

Browns owner Jimmy Haslam recently mentioned that they expect to have Mack not only next season, but in the coming years as well.