Per PFT.com the Cowboys have extended the contract for Terence Newman:
Per Adam Schefter of NFL Network, it’s a six-year extension, and it’s worth $50.2 million, with $22.5 million in guaranteed money.
The Cowboys and Terence Newman agreed to a six-year extension worth $50.2 million on Tuesday, beating a deadline in which the salary-cap rules will change after NFL owners decided to opt out of the final three years of the collective bargaining agreement.
Here is how Newman's deal compares with other cornerbacks signed recently:
Nate Clements, San Francisco: 8 years, $80 million; $22 million guaranteed.
Asante Samuel, Philadelphia: 6 years, $57 million; $20 million guaranteed.
Marcus Trufant, Seattle: 6 years, $50.2 milion; $20 million guaranteed.
It will be interesting to see the exact figures in the deal and how it affects the salary cap for the next few years and what his salary will jump to in 2010. Newman's contract is also worth the same amount as Trufant's but he is also getting a bit more in guaranteed money ($22.5 million over the first three years). Overall I think it is a great deal for a great player who is in his prime. It's also good to see that the Cowboys didn't have to break the bank to keep him.