Details Emerge on Broncos' Deal With TE Chris Manhertz
The Denver Broncos have been more active in free agency than in some time, having made multiple moves early in the 'legal tampering' period.
I'm going to examine the contract breakdown for each player as the details are revealed. Let's now look at the deal for tight end Chris Manhertz, who most recently played for the Jacksonville Jaguars.
Contract Details
Summary: Two years, $6M, $3.35M fully guaranteed.
Breakdown
- 2023: $1.25M signing bonus, $1.59M base salary (fully guaranteed), $510K per-game roster bonus.
- 2024: $2.14M base salary ($500K fully guaranteed), $510 per-game roster bonus.
Cap Charges: $2.163M in 2023, $3.275M in 2024.
Gut Reaction
The Broncos had multiple players who served as blocking tight end this past season, but given the two-year deal that Manhertz received, with some money fully guaranteed in 2024, it suggests that the team believes he will fit the offense that Sean Payton wants to run.
With that said, the $500K fully guaranteed in 2024 isn't a significant sum. The Broncos could still get out of the deal in 2024 without a significant dead money hit, and that guaranteed salary should include an offset clause if he signed with another team.
Manhertz received less money than former Bronco Andrew Beck received in his deal with the Houston Texans. With that said, Manhertz is several years older than Beck, but the Broncos didn't pay an above-market price. I think the Broncos did a reasonable job with this contract.
Contract Grade: B+
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