Report: Russell Okung contract with Broncos has no guaranteed money

1:09 | NFL
Who had the best free agent signing?
Saturday March 19th, 2016

Get breaking news and SI’s biggest stories instantly. Download the new Sports Illustrated app (iOS or Android) and personalize your experience by following your favorite teams and SI writers.

Newly-signed Denver Broncos left tackle Russell Okung has no guaranteed money in his contract, reports Pro Football Talk’s Mike Florio.

The deal was originally reported as a five-year deal worth over $10 million annually. It was reported soon after the contact was actually for one year and $5 million, with team options for the next four seasons.

According to Florio, the Broncos can release Okung before the start of the regular season and have paid him only $1 million.

[Okung] has a $1 million workout bonus, a $2 million base salary, and a $2 million roster bonus tied to being on the 53-man roster for any one game. So, basically, the Broncos are giving Okung $1 million to participate in the offseason program, with an option before Week One to pay him another $4 million to actually play for them in 2016.

Okung must participate in 90% of the off-season program to receive the $1 million bonus, according to the report. If the Broncos exercise Okung’s option after this season, they will owe him $19.5 million over the next two years, but they can also release him without owing any additional money. 

Okung represented himself during his free agency negotiations.


SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide — from Peter King, Tom Verducci, Lee Jenkins, Grant Wahl, Andy Staples and more — delivered straight to you, along with up-to-the-minute news and live scores.