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    Salary, Earnings for New Jets WR

    Vaseline Posted on

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    Davante Adams is heading from the Las Vegas Raiders to the New York Jets in the NFL’s latest blockbuster trade.

    Adams’ time with the Raiders ends two and a half years after Las Vegas acquired him via trade from the Green Bay Packers to become the No. 1 receiver. Adams kept his end of the bargain, posting two 1,000-yard seasons and leading the NFL in receiving touchdowns during a Pro Bowl 2022 campaign, but the Raiders haven’t been able to win consistently despite his presence.

    Now, Adams will suit up for the Jets and hope to contribute to a playoff contender if he reunites with Aaron Rodgers. He also hopes to parlay his audition for the remainder of the season into a lucrative contract extension, especially as the guarantees on his five-year deal with the Raiders run out.

    Here’s what you need to know about Adams’ contract, as the Jets inherit the remainder of the deal that once made the wideout one of the NFL’s highest-paid players at the position.

    Davante Adams contract details

    Adams is in the third year of a five-year, $140 million contract he signed with the Raiders in 2022. The Jets will only be responsible for paying a portion of what the Raiders owe him.

    The Jets will absorb the remaining base salaries owed to Adams: a prorated version of the $16.89 million he is owed through 2024 and the full $35.64 million base salaries he is on the books for in 2025 and 2026. They Adams will also receive the roster and training bonuses tied to his contract, up to a maximum of $610,000 per year, according to Spotrac.com.

    Below is the maximum amount the Jets will owe Adams in cash annually as a result of the transaction:

    • 2024: $11.67 million
    • 2025: $36.25 million
    • 2026: $36.25 million

    On paper, that would make the remainder of Adams’ deal worth $84.17 million over the next two and a half seasons.

    OPINION: Antonio Pierce’s cold, matter-of-fact approach reflects the reality of the Raiders’ challenges

    None of the remaining money on Adams’ deal is guaranteed, so the Jets could move on from Adams after the 2024 season with no consequences if things don’t work out. Conversely, they could also look to restructure the veteran receiver’s contract or extend him to cover the cost of his projected $44.1 million cap hit in 2025 and 2026, respectively.

    Considering the Jets gave up a conditional third-round pick to get Adams, it stands to reason that they believe the 32-year-old is part of their long-term plans. As such, the latter scenario, an extension or a contract restructure to convert some of Adams’ base salary into guaranteed money, thus lowering his future cap numbers, appears to be the most likely option.

    What do the Raiders owe Davante Adams?

    The Raiders don’t owe Adams anything anymore, but will take a dead-cap hit after trading him.

    Dead cap space is the salary cap space occupied by a player who is no longer part of a team. It typically comes from guaranteed money already paid to a player who is released, traded or retires.

    Adams’ prorated signing bonus and guarantees of another contract restructuring remain on the Raiders’ books. As a result, they will take a $7.85 million dead cap hit for the remainder of the 2024 NFL season, while incurring one of $15.7 million in 2025.

    The Raiders will free up $28.4 million in cap space for the 2025 NFL season by releasing Adams, as his $15.7 million dead cap hit is less than the $44.1 cap hit million that Las Vegas would have owed him. So the team retains some financial flexibility by parting ways with Adams, and they don’t officially owe him any money that they haven’t yet paid him.

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