Cleveland Browns cornerback Joe Haden cashed in on an enormous new contract on Tuesday. The two parties came to terms on a 5-year, $68 million deal, $45 million of which is guaranteed. Although it’s a year longer than the contract Seattle Seahawks cornerback Richard Sherman just signed, Haden’s guaranteed money and signing bonus surpass that of Sherman.
Pro Football Talk, which first reported the jaw-dropping deal, has the following details on Haden’s contract:
Haden, who has been with the Browns since they chose him with the seventh overall pick in the 2010 NFL draft, has agreed to a new contract that will keep him in Cleveland through the 2019 season. A league source tells PFT that the deal includes a $14 million signing bonus, $22 million fully guaranteed at signing and another $23 million guaranteed for injury. The signing bonus, the full guarantee and the amount guaranteed for injury all surpass the deal that Richard Sherman just signed with Seattle.
With Haden and Sherman’s deals signed, it’ll be interesting to see what Arizona Cardinals cornerback Patrick Peterson, who claims to be worth more than Sherman, pulls in. Peterson definitely noticed what Haden just landed.
— Patrick Peterson (@RealPeterson21) May 13, 2014
Following is a look at Haden inking his deal.
— Cleveland Browns (@Browns) May 13, 2014