Even though 620 WDAE, ESPN and various other media outlets have reported that Martin and the Bucs agreed to a five-year deal, the reality is that it’s a hard four-year deal with the team holding an option for a fifth year. Referencing the Collective Bargaining Agreement specifically: Article 7 Rookie Compensation and Rookie Compensation Pool: Section 7. Fifth-Year Option for First Round Selections. Paragraph (f) Fifth-Year Option for All Other Selections in Round One. Subsection (i);
Fifth-Year Option for All Other Selections in Round One. For any other Drafted Rookie selected in round one, the Paragraph 5 Salary for the player’s Fifth-Year Option shall equal an amount that would apply in the fourth League Year of the Rookie Contract if one calculated the Transition Tender for that League Year by using the same methodology as set forth in Article 10, Section 4, but using the applicable third through twenty-fifth highest Salaries (as “Salary” is defined in Article 10) (as opposed to the ten highest Salaries) for players at the position at which the Rookie participated in the most plays during his third League Year. No other Salary (other than the minimum offseason workout per diem and compensation for community relations/sponsor appearances or promotional activities (subject to the maximum amounts permitted in Section 3(b)(iv) above)) is permitted for the Fifth-Year Option.
Article 7 Rookie Compensation and Rookie Compensation Pool: Section 7. Fifth-Year Option for First Round Selections. Paragraph (a) Exercise Period
Exercise Period. A Club has the unilateral right to extend from four years to five years the term of any Rookie Contract of a player selected in the first round of the Draft (the “Fifth-Year Option”). To do so, the Club must give written notice to the player after the final regular season game of the player’s third season but prior to May 3 of the following League Year (i.e., year four of the contract).
In other words the team must exercise their intent of the “Fifth-Year Option” by formally submitting a written notice to the player, after the final regular season game of the players third season, but prior to May 3rd of the following League Year. As mentioned in the opening, the deal struck between Martin and the Bucs is currently only a four-year deal with a club option for a fifth-year at a calculation rate of the top 3 through 25 Cap Percentage players at his position from the previous League Year or 120% of his Prior Year Salary.
Now that all the inner workings of the salary cap are out of the way on to the real reason you’re hear. Martin’s contract breakdown.
Total Value: $6,787,528 million
Signing Bonus: $3,376,384 million
Year 1 Cap: $1,234,096 million (Base Salary $390,000)
Year 2 Cap: $1,542,620 million (Base Salary $698,524)
Year 3 Cap: $1,851,144 million (Base Salary $1,007,048)
Year 4 Cap: $2,159,668 million (Base Salary $1,315,572)