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Some of the first words from Chargers safety Derwin James' mouth after agent David Mulugheta told him that he was the richest safety in the NFL was, "Does this mean I can practice now?"
The Los Angeles Chargers have agreed to a six-year extension with safety Derwin James, keeping him under contract through the 2023 season. As part of the deal, James will earn $76.5 million over the next six seasons, including a $42 million signing bonus and $29 million in first-year base salary.
The best safety in the National Football League just became the richest. The Los Angeles Chargers and safety Derwin James have agreed to a contract extension that will make him the richest safety in the NFL.
James and his Pro Bowl season of two interceptions, two sacks, there forced fumbles and 118 tackles. But what's most impressive is that he did all this while playing in just 14 games!
James' new contract is for six years at $101 million dollars, with $57 million guaranteed over the first three years and a signing bonus of $20 million dollars upfront.
This deal makes him easily the richest safety in the NFL, but it's not all about money for James—he has said that his number one priority was staying on good terms with Chargers management so that he could remain part of San Diego's community as long as possible (and perhaps even beyond).
The fifth-year option was already on James' deal, but the new extension will keep him in Los Angeles for five more seasons.
James was already signed through 2022, but his new contract will keep him with the Chargers through 2026. The fifth-year option was already on James' deal, but the new extension will keep him in Los Angeles for five more seasons, according to ESPN. James will earn $76.5 million over the next six seasons, including a $42 million signing bonus.
The average annual value of the extension is nearly $20 million per year, which will be added to this season's salary of $11.02 million. James will earn $76.5 million over the next six seasons, including a $42 million signing bonus.
James was selected in the first round of the 2018 NFL Draft by the Chargers.
Derwin James, who had been due to make $1.5 million this season, will earn $76.5 million over the next six seasons, including a $42 million signing bonus. The average annual value of the extension is nearly $20 million per year, which will be added to this season's salary of $11.02 million. James will earn $76.5 million over the next six seasons, including a $42 million signing bonus.
He is signed, sealed, and delivered to the Chargers with a $29M first-year payout on the new extension.
The contract is for six years, but the team can opt out after five. It has that $29 million first-year payout and includes a $42 million signing bonus. The deal could be worth up to $76.5 million if James' salary escalates annually in accordance with the NFL's pay scale (a maximum of 10 percent of the overall salary cap).
James, who is entering his third season as a pro, earned roughly $7 million last season when he earned a Pro Bowl nod and was named an All-Pro by multiple outlets while helping lead the Bolts to their first Super Bowl title in almost two decades.
The Los Angeles Chargers have agreed to terms with safety Derwin James on a four-year, $57 million contract extension that includes a $29 million signing bonus. The fifth-year option was already on James' deal, but the new extension will keep him in Los Angeles for five more seasons.