Tweet
Ndamukong Suh to sign 6-year, $114 million deal with Miami Dolphins - ESPN
Barring a breakdown in formal contract negotiations, Ndamukong Suh will sign with the Miami Dolphins after the new league year begins Tuesday for a deal that will pay him approximately $114 million with $60 million in guaranteed money, league sources told ESPN.
The Dolphins and Suh's agent Jimmy Sexton discussed those six-year parameters once the 72-hour window opened Saturday for dialogue between teams and unrestricted free agents, sources confirmed.
While Suh's former team, the Detroit Lions, were among the teams making competitive proposals, the Dolphins' parameters far exceeded the rest of the clubs interested in the defensive tackle.
The official proposal and contract, which would make Suh one of the NFL's highest-paid players, must be negotiated when the market opens at 4 p.m. ET Tuesday.
Based off the parameters, Suh will get $60 million in the first three years on a contract that is expected to average $19 million over the six years of the deal, sources said.
A league source told ESPN.com that Detroit's offer to Suh was $17 million per year with $58 million guaranteed -- a deal that would have still made Suh the highest-paid defensive player in the NFL.
Florida doesn't have any state income tax, so in order for the Lions and the Raiders to match the after tax net earnings on a $60 million guarantee, the Lions would have had to pay Suh approximately $64.9 million and the Raiders would have had to pay $70.1 million, said sports tax specialist Robert Raiola, senior manager at the accounting firm O'Connor Davies in New York.
Suh has to pay federal income tax as well as some so-called "Jock Taxes" for the days he works in a city while playing. Suh's net earnings on the assumption of $60 million guaranteed will come out to about $34.7 million, Raiola said.
The Dolphins and Suh's agent Jimmy Sexton discussed those six-year parameters once the 72-hour window opened Saturday for dialogue between teams and unrestricted free agents, sources confirmed.
While Suh's former team, the Detroit Lions, were among the teams making competitive proposals, the Dolphins' parameters far exceeded the rest of the clubs interested in the defensive tackle.
The official proposal and contract, which would make Suh one of the NFL's highest-paid players, must be negotiated when the market opens at 4 p.m. ET Tuesday.
Based off the parameters, Suh will get $60 million in the first three years on a contract that is expected to average $19 million over the six years of the deal, sources said.
A league source told ESPN.com that Detroit's offer to Suh was $17 million per year with $58 million guaranteed -- a deal that would have still made Suh the highest-paid defensive player in the NFL.
Florida doesn't have any state income tax, so in order for the Lions and the Raiders to match the after tax net earnings on a $60 million guarantee, the Lions would have had to pay Suh approximately $64.9 million and the Raiders would have had to pay $70.1 million, said sports tax specialist Robert Raiola, senior manager at the accounting firm O'Connor Davies in New York.
Suh has to pay federal income tax as well as some so-called "Jock Taxes" for the days he works in a city while playing. Suh's net earnings on the assumption of $60 million guaranteed will come out to about $34.7 million, Raiola said.