Greg Olsen deal sets early parameters for Beason

Jul/04/07 11:59 AM Filed in: Jon Beason
The contract agreed to on Tuesday by tight end Greg Olsen of the Chicago Bears could impact how the Carolina Panthers structure the deal of their first-round pick, Jon Beason.

Beason was the 25th player selected inApril's NFL draft; lsen was 31st overall.

Olsen, the first first-round pick to sign this year, will get a five-year contract with a maximum value of $10.696 million, according to ESPN's website. The contract will pay Olsen a signing bonus of $250,000 and a $720,000 roster bonus in the first year, with a 2007 base salary of $285,000. ESPN 's website also reported that there is an option bonus of $3.545 million, and there are reporting bonuses of $100,000 in 2009, $140,000 in 2010 and $125,732 in 2011. The base salaries in the deal, after the first season, are $370,000 (2008), $460,000 (2009), $550,000 (2010) and $650,000 (2011). Olsen can earn an additional $2.921 million in incentives and escalators and a one-time playing time incentive of $578,700, the website reported.

Beason, of course, will make more than his former college teammate at Miami given he was taken five spots ahead of him. However, the structure of the deal could be similar.

(blogs.gastongazette.com)