The Lions were giving out money to young players who have earned it on Wednesday. Top-ten 2021 draft pick Penei Sewell got one of those new deals.
Per a source with knowledge of the terms, here are the details.
1. Signing bonus: $15 million.
2. 2024 base salary: $1.446 million, fully guaranteed.
3. 2025 option bonus: $25 million, fully guaranteed at signing.
4. 2025 base salary: $1.54 million, fully guaranteed at signing.
5. 2026 base salary: $19.9 million, fully guaranteed in 2025.
6. 2026 offseason workout bonus: $100,000.
7. 2027 base salary: $23.9 million, $12.113 million of which is fully guaranteed by 2026 and $10 million of which is fully guaranteed by 2027.
8. 2027 offseason workout bonus: $100,000.
9. 2028 base salary: $25.9 million.
10. 2028 offseason workout bonus: $100,000.
11. 2029 offseason 90-man roster bonus: $2.5 million.
12. 2029 base salary: $19.4 million.
13. 2029 offseason workout bonus: $100,000.
It’s a three-year extension of the five-year rookie contract, which included his 2024 base salary of $3.94 million and his fully-guaranteed fifth-year option salary of $19.04 million.
The deal pays out $16.446 million in 2024, $26.54 million in 2025, $20 million in 2026, $24 million in 2027, $26 million in 2028, and #22 million in 2029.
The new-money average is $28 million per year. The average from signing is $22.497 million annually. He becomes the highest-paid offensive lineman in the NFL, on a new-money basis.