Any reservations LeSean McCoy had about coming to Buffalo were erased Sunday.
A cool $16 million can do that for a guy.
That’s what McCoy will be paid in the first season of a new, five-year contract that could ultimately wind up worth $40.05 million.
Meanwhile, the Bills are close to finalizing a deal to re-sign free-agent defensive end Jerry Hughes, The News has learned.
An NFL source said Sunday night that the sides were “close” to an agreement.
The agent for Hughes, Ben Dogra, said he and the Bills have been in serious talks since last month’s NFL Scouting Combine in Indianapolis.
Hughes is due to become an unrestricted free agent on Tuesday. Bills coach Rex Ryan is said to consider Hughes, who has had 10 sacks in each of the last two seasons, an excellent fit in his defense.
The Philadelphia Inquirer was first to report McCoy’s new contract, which he’ll sign once the Bills’ trade with the Eagles – for linebacker Kiko Alonso – becomes official at the start of the 2015 NFL league year, at 4 p.m. Tuesday.
It’s the latest sign that Bills owners Terry and Kim Pegula are willing to spend big money to build a team they hope can end a 15-year playoff drought, the longest such streak in the league.
The website Pro Football Talk reported Sunday the deal contains a $13.125 million signing bonus that McCoy will collect immediately. The base salary for 2015 of $2.625 million is fully guaranteed, per PFT, and McCoy can also earn a $250,000 workout bonus, bringing his total 2015 compensation to $16 million. As it stands, McCoy will be the highest-paid running back in the league next year.
McCoy’s salary cap number in 2015, however, will be $5.5 million. That accounts for his base salary, workout bonus and prorated amount of his signing bonus ($2.625 million). That’s nearly $5 million less than the $10.25 million he was scheduled to count against the Bills’ cap under the terms of his old contract – a key maneuver for the team to free up cap space to take into free agency, which begins Tuesday.
McCoy’s agent, Drew Rosenhaus, did not return phone calls and text messages from The Buffalo News on Sunday.
The rest of McCoy’s contract details, according to PFT, are as follows:
• 2016: $4.8 million base salary, $250,000 workout bonus. Cap hit: $7.675 million.
• 2017: $6 million base salary, $250,000 workout bonus. Cap hit: $8.875 million.
• 2018: $6.075 million base salary, $250,000 workout bonus. Cap hit: $8.95 million.
• 2019: $6.175 million base salary, $250,000 workout bonus. Cap hit: $9.05 million.
McCoy will earn $21.05 million in his first two seasons in Buffalo. The total of $40.05 million and average annual value of $8.01 million rank fourth in the NFL among running backs, according to the website overthecap.com.
McCoy posted a video to his Instagram account in which he said, “On the way to see my Buffalo family. Can’t wait to see y’all.”
McCoy might not be the only new Bills running back, either. A league source said the team is “very interested” in Bilal Powell, who played under Ryan with the New York Jets the last four seasons. Were that to happen, the Bills’ backfield would be crowded.
It could also force a decision on the future of veteran Fred Jackson. Signed through 2015, Jackson is due $2.73 million for the upcoming season. The Bills, however, could get out from that entire amount by releasing him.
Elsewhere, the Fort Lauderdale Sun Sentinel reported the Bills are expected to make a “substantial offer” for Miami Dolphins tight end Charles Clay.
The Dolphins used their transition tag on Clay – guaranteeing him a one-year salary of just over $7 million, as well as the right to match any contract offer he receives. Should they elect not to match an offer, Miami would not receive any compensation.
News Sports Reporter Vic Carucci contributed to this story.
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