Update: Cowboys extend K Bailey through 2020 ***7-yr 23mil***

[TheCount]

Glad Bailey is locked up, been very good. Hopefully, he'll get better and not worse - unlike most of the guys we pay.

 

[Common Sense]

Stretched out to be cap friendly. But if he suffers an injury or begins to suck, as you know, only the guaranteed part really matters.

Not with the way this team does restructures.

 

[Picksix]

since we have'nt seen the contract we don't know how the deal is even structured. chances are he will make less next year then he would have had we tendered him. and the length of the deal is about spreading the money out. does'nt mean we are stuck with him for 7 years.

Yeah, I'm not saying it's too high or too much. Just more than I thought you'd ever have to pay a kicker. But you're right about needing to see the details of the contract before judging it.

 

[kevm3]

Considering how many field goals we kick and how close all of our games end up being, I can get behind this signing. Price was steep, but oh well.

 

[conner01]

Yeah, I'm not saying it's too high or too much. Just more than I thought you'd ever have to pay a kicker. But you're right about needing to see the details of the contract before judging it.

all salries are high. the tender would have been 2.8 mil so he is paid like the top 5 kickers which i think he is. it also gives us much more cap space than we would have had if we had tendered him

 

[trueblue1687]

Nice move on Bailey

 

[reddyuta]

let me the first one to say that this is a mistake,you dont give kickers big contracts.

 

[burmafrd]

You can find an adequate kicker off the street. This 3 mill could be used for a quality backup along the defensive line for example.

YOU have the Jerruh disease... Shiny toys... forget the details go with the splash...all flash and no substance....

That makes him only the 5th highest paid kicker by the way..

go ahead and find one off the street just as good...

meanwhile we lose games...

really brilliant

 

[Hostile]

Did a Mike Pope hire thread and a Dan Bailey new contract thread get merged, or am I missing something?

 

[Illini88228]

Did a Mike Pope hire thread and a Dan Bailey new contract thread get merged, or am I missing something?

Sorry Hos, you're not allowed to read about the new TEs coach without taking in a little bit of kicker thread.

 

[Redball Express]

Very good news at a time when it is scarce.

Bailey is a great kicker and very deserving if this contract extension.

It's been good to not have to worry about this position for the past few years.

And now hopefully, the next few years.

This is indeed great news.

We have had terrible luck with our kickers for the last 15 years.

Love me some Bailey !!

 

[bark]

Anxious to see the cap breakdown but overall glad he's a cowboy

 

[5Stars]

I like this signing...but, for sure Goodell will REALLY want to get rid of the extra point now!

And, I wonder what would take place if say, this coming season, the competition committee did eliminate the extra point. What happens to Bailey now? lol

 

[Redball Express]

OMG!!!! You Gotta love Bailey.....But 3.3 million a year for a kicker?????????? this just stinks of another bad deal/over paying by Jerry. I can see in a couple of years people laughing out loud @ this contract.

I think it's way too early to tell about it his deal.

I'm sure that it's got its good and bads..

but we all know Bailey has been 20% or more of our offense.

I wonder if the NFL does away with extra points..

if we will get a rebate on his deal since he won't be kicking PATs ?

Think the team has planned for that?

 

[Hoofbite]

Stretched out to be cap friendly. But if he suffers an injury or begins to suck, as you know, only the guaranteed part really matters.

I may be wrong but I think the limit the number of years you can prorate money

 

[cowboys1981]

I really can't believe how anyone can see this as a bad thing. I thought most people on here wanted Bailey resigned long term. Isn't 7 years long term?

 

[Longboysfan]

From SB Nation site.
The Dallas Cowboys are supposedly cash-strapped this year, with OvertheCap.com projecting them to be nearly $22 million over the 2014 NFL salary cap, but that's not stopping them from signing one of their own players to a lucrative long-term deal. The Cowboys signed kicker Dan Bailey to a seven-year contract extension that will keep him with the team through 2020 and pay him approximately $3.3 million per season.

That will make Bailey the fifth-highest paid kicker in the NFL, per the press release.

Bailey was set to be a restricted free agent this season, and the team clearly had no interest in a lengthy holdout or the risk of losing the accurate and strong-legged young player. The length of the deal also suggests that Dallas may be able to spread the money out and lower its cap hit in 2014 for Bailey, compared to what it would have been on just a one-year deal for the Cowboys.
Just shy of his 26th birthday, Bailey connected on 28 of his 30 field goal attempts last season, including 6-of-7 from 50 yards or more. He is now 11-of-16 beyond 50 yards in his three-year NFL career.
It seems as though Dallas has long searched for a franchise kicker it can rely on, without much success. The team drafted kicker Nick Folk in the sixth round of the 2007 draft, and he made the Pro Bowl as a rookie, but was released two years later after a poor season. The Cowboys then drafted David Buehler in the fifth round of the 2009 draft, but released him after two seasons. That's when they found Bailey.
Signed as an undrafted free agent in 2011, Bailey set a franchise rookie record for field goals made in a season (32), including 26 straight at one point. He has now connected on 89-of-98 career field goal attempts, and he finished 2013 as the fourth-most accurate kicker in the NFL last season.

 

[Derinyar]

I may be wrong but I think the limit the number of years you can prorate money

You're right. You can only prorate it over 5 years from what I've read.

 

[Galian Beast]

People who say we overpaid really have no idea what they're talking about. This was an excellent signing by the front office.

Not many kickers who are much better than Bailey in the league, if any. When you consider the escalation of contracts, you realize this isn't all that much.

3.3 million on average this year versus what will be the average going rate of probably 4 million or 4.5 million for a top kicker in years to come. As long as Bailey remains the clutch kicker that he is, we should have no problem getting our money's worth here.

Back in 2006 we signed Vanderjagt to a 3 year 6 million dollar deal, which was one of the top contracts at the time, that's only 2 million per year. Adam Vinatieri who was the top kicker at the time was making 2.4 million per year.

Putting a 2nd round tender on Bailey would have cost 2 million dollars, and wouldn't have had any long term stability at the position (i.e. you'd just have to pay him even more money in 2015).

Minimum base salary for a player in their 4th year is 730k, assuming he got a 3.5 million dollar signing bonus, spread that over the course of 5 years and his 2014 cap hit becomes 1.43 million. That means we saved about 600k by signing him long term, and don't have to deal with this for another 6 years.

Also you can backload a lot of that money, so this probably is more realistically a 4 or 5 year deal pending a future extension.

 

[Hostile]

Sorry Hos, you're not allowed to read about the new TEs coach without taking in a little bit of kicker thread.

Cruel trick. I think the Mike Pope hire is flying way under the radar.