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Finley deal details, benefits of two-year contract

Nov. 6, 2013
 
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INDIANAPOLIS – Packers tight end Jermichael Finley will make a total of $14.7 million over the span of his newly signed deal, a source explained Friday. The contract calls for a $6 million base salary in 2012 and $8.2 million with a $500,000 escalator in 2013. The first benefit for Finley was keeping him from being hit with the franchise tag in 2012. But it also sets up a major payday in 2014 for two reasons. The league has a new TV deal with a 60 percent increase that begins in 2014. It should set up the highest salary cap in NFL history. Free agents in 2014, consequently, would be in line for enormous deals. The worst case scenario for Finley is the Packers decide to franchise him in 2014. At that point, the franchise tag will be just under $10.5 million since it will be a minimum of 120 percent of his 2013 salary. Obviously, Finley wouldn’t have a problem with the franchise tag at that number. The Packers would be more inclined to negotiate a long-term deal than use the franchise tag at that dollar amount.

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