Taysom Hill Contract Details, Salary Cap Impact, Incentives and Bonuses

What does Taysom Hill's contract look like in 2022, how might this unique contract vary over the coming years, and when could the Saints move on?

Taysom Hill and the New Orleans Saints agreed to a new contract just before Thanksgiving last year. The contract is extremely intriguing as it combines a relatively small base salary with a lot of incentives for a player who is arguably the most unique in the league.

Let’s look at the details of Hill’s contract, his salary, bonuses, and incentives of what has been called a “hybrid deal.”

Taysom Hill’s Contract Details and Bonuses

Over the past few years, Hill’s contract has been a regular point of contention. Back in 2020, he signed a two-year $16.3 million deal. However, prior to the 2021 season, he agreed to restructure the contract to help with the Saints’ salary cap situation.

Therefore, with Hill’s contract set to expire at the end of 2022, the two sides came to an agreement on a very unique contract.

The initial base terms of the contract were simple. It is a four-year extension worth $40 million but contains no signing bonus. There was $10.1 million fully guaranteed at signing, of which $1.1 million was his salary, with an accompanying $9 million roster bonus.

However, the Saints’ paid the roster bonus as a restructure bonus, prorating the value of that bonus across all four years of the deal, as well as a void year in 2026.

Hill’s contract has a $9.9 million base salary in 2023. That became fully guaranteed at the start of the new league year. The only other potential guarantees in the deal are a further $1.5 million in 2024 base salary. However, that does not become guaranteed until the third day of the 2024 league year. Hill’s salaries in 2024 and 2025 are both $10 million.

However, that is just the base terms of a contract loaded with incentives and escalators. There were three different sets of escalators and incentives. There was one set of incentives for 2021, which he did not manage to earn any of, and then a different set for 2022 through 2025.

There is also a set of escalators that only become valid if Hill throws more than 224 passes in the prior year. So, Hill cannot earn any of his escalators this year because he only threw 134 attempts in 2021.

What Are the Incentives and Escalators in Hill’s Contract?

Hills’ contract contains a consistent set of incentives for the next four years. Those are as follows:

  • 3,250 Pass Yards: $500,000
  • 4,000 Pass Yards: $500,000
  • 90+ Passer Rating (224 attempts): $500,000
  • 25+ Pass TDs: $750,000
  • 30+ Pass TDs: $1.25M
  • 65% Completions (224 attempts): $1M

The escalators are cumulative, meaning once they are earned, they will impact his contract every season afterward. However, he needs to reach 224 passing attempts in a single season first. Then the following escalators will be in play for the following year.

  • 70% of offensive snaps + 11 team wins – $750,000
  • 70% of offensive snaps + 12 team wins – $1 million
  • 70% of offensive snaps + 13 team wins – $1.25 million
  • 600 rushing yards – $500,000
  • Pro Bowl – $500,000
  • 50% postseason playing time – $50,000 per postseason win
  • 50% of offensive snaps in the conference championship + 10 passing yards (min. 10 pass attempts) – $750,000
  • 50% of offensive snaps in the conference championship + 10 passing yards (min. 10 pass attempts) + the team wins the conference championship game – $750,000
  • 50% of offensive snaps in the Super Bowl + 10 passing yards (min. 10 pass attempts) – $1 million
  • 50% of offensive snaps in the Super Bowl + 10 passing yards (min. 10 pass attempts) + the team wins the Super Bowl – $1.5 million

What does all of this mean for Hill with his new contract?

Hill’s contract was an initial two-year deal worth $20 million. The roster bonus being paid as a restructure bonus in 2022 means that his cap number in 2022 is just $5.125 million. That then climbs to $13.925 million in 2023. His current cap number in 2024 and 2025 is set to be $14.025. The void year in 2026 currently holds a dead money value of $1.8 million.

The reason those numbers are so high compared to the four-year at $10 million per year that the extension is worth is that Hill’s contract also still contains the remaining signing bonus from his previous contract and the 2021 restructure. Therefore, he has prorated bonus numbers of $2.225 million each year from 2022 to 2025.

Combining the old signing bonus with the restructure bonus prorated money means the Saints will have Hill count for $9.85 million against the cap if they move on from him after 2023. However, that would be a saving of just over $4 million from the current projected cap number of $14.025 million.

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