The Baltimore Sun is reporting the Danny Woodhead contract extension is for 2-years/$7.25 million dollars with $3 million guaranteed.
Danny Woodhead two-year extension worth $7.25 million, including $3 million signing bonus, salaries of $750,000, $1.5 million, $2 million
— Aaron Wilson (@RavensInsider) July 28, 2014
While it’s a pay increase from Woodhead’s initial 2-year/$3.5 million dollar contract, the Chargers were able to retain the versatile back’s services at a fairly discounted price. Take a look at the top running back contracts around the NFL. You will find most of the premier players make around $6-10 million dollars per year with well over $10 million in guaranteed money. Yes, Woodhead is in the back half of his career, and he doesn’t carry the ball inside the tackles too often, but he still will likely give the Bolts over 1,000 yards in total offense. Additionally, he is a nightmare matchup out of the backfield, and provides a viable check-down for Philip Rivers. I love this move by Woodhead and general manager, Tom Telesco. Woodhead guarantees himself a decent amount of money as he enters his 30’s — a rare age for an NFL back — and Telesco gets a relatively low-mileage player still in the midst of his prime.
More good news for the Chargers as their books get a lot lighter in 2015. Bolt up!