Chicago Bears backup quarterback Tyson Bagent has gotten a unique opportunity over the last month. Bagent went from being an undrafted free agent out of Division II to being on the brink of making his fourth consecutive start for a historic Bears franchise.
This is an opportunity that doesn’t often present itself — a chance for Bagent to prove he belongs. With another start expected to come tonight on Thursday Night Football against the Carolina Panthers, let’s look at Bagent’s contract, his salary cap impact for the team, what his next contract may look like, and his current net worth.
Tyson Bagent’s Contract Details
According to Spotrac, Bagent signed a three-year, $2.72 million UDFA contract with the Bears. The contract included $25,000 guaranteed and an average annual salary of $906,667. In 2023, Bagent will earn a base salary of $750,000 while carrying a cap hit of $758,333 and a dead cap value of $25,000.
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The NFL has standard contracts for undrafted players where there is very little wiggle room on the actual structure and time frame of the deal. Only the signing bonus and guaranteed money are the variables that can be adjusted in these deals.
Does Bagent Have Any Bonuses in His Contract?
Upon signing his deal after going undrafted in the 2023 NFL Draft, part of Bagent’s deal was a signing bonus of $25,000, which also acted as his only guarantee. Most undrafted free agents aren’t guaranteed anything as they hope to come in, make an impression, and ultimately make the team.
What Could Bagent’s Next Contract Look Like?
It’s tough to project Bagent’s next deal at this point. With Bagent merely holding down the fort while Justin Fields heals from a thumb injury, could he do enough with this opportunity to have a team believe he’s good enough to be a starter?
Has he shown enough that the Bears feel like they have their backup QB of the future? That could warrant them keeping him around once his three-year deal is up.
A lot is unknown, but Bagent can earn himself money every time he trots onto the field. As a former DII QB, it feels like he has already exceeded many expectations put upon him.
Bagent’s Net Worth
According to CAKnowledge, Bagent’s net worth at this time is currently $4 million. With his playing career merely beginning, one could assume that the majority of his earned wealth has come from endorsements and off-the-field ventures at this time.
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