Miles Sanders’ contract situation is intriguing as we head into the 2023 NFL offseason. What is Sanders’ current contract situation with the Philadelphia Eagles, what is his potential market value, and how much has he earned in his career to this point?
Miles Sanders’ Contract Details
After being selected 53rd overall in the 2019 NFL Draft as a second-round selection, Sanders’ contract is a four-year deal worth $5.35 million. He received a $1.911 million signing bonus as part of $2.649 million in fully guaranteed money.
Sanders’ cap number for the 2022 NFL season topped out at $1.704 million. That was made up of $1.225 million in base salary and $479,587 in prorated signing bonus. However, the 2022 season was the last of Sanders’ rookie deal, meaning he could hit unrestricted free agency in 2023. Therefore, the Eagles need to decide whether they want to retain Sanders before free agency begins in March.
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Based on Spotrac’s evaluations, Sanders’ current market value is around $7.2 million per year on a two-year contract. They compared Sanders to the group of Leonard Fournette, Joe Mixon, Gus Edwards, and Rashaad Penny.
Over the past two years, Sanders has posted similar numbers to that group, so his contract value could fall between their average values, which range from $4.5 million to $12 million. If he did sign a deal worth $7.2 million per year, Sanders would creep into the top 10 highest-paid RBs based on average annual value.
Sanders’ Net Worth
Sanders’ net worth is currently estimated to be in the $2 million region. Some projections place his worth up to $5 million, but that may actually just be some sites viewing Sanders’ NFL career earnings as his net worth. Through his rookie deal, Sanders has earned $5.352 million in cash. Those numbers should conceivably rocket up if Sanders hits the open market during the offseason — but the NFL can be cold toward the RB position. Time will tell.
