Texans receiver Nico Collins had a breakout year in the third season of his career, with 1,297 receiving yards. It earned him a significant new contract.
PFT has obtained the full details, per a source with knowledge of the terms.
Here they are:
1. Signing bonus: $17 million, with $9 million payable in 15 days, $4 million paid on or before December 15, 2024, and $4 million paid on or before March 15, 2025.
2. 2024 base salary: $1.616 million, fully guaranteed.
3. 2024 per-game roster bonus: $625,005 total.
4. 2025 base salary: $13.5 million, fully guaranteed.
5. 2025 per-game roster bonus: $625,005 total.
6. 2026 base salary: $20 million, $10 million of which becomes fully guaranteed on the fifth day of the 2025 league year, and $10 million of which becomes fully guaranteed on the fifth day of the 2026 league year.
7. 2026 per-game roster bonus: $625,005 total.
8. 2027 base salary: $21.25 million.
9. 2027 per-game roster bonus: $625,005 total.
The deal has $750,000 in incentives for 2025, 2026, and 2027. He gets $250,000 for making the Pro Bowl, $250,000 for 95 receptions, and $250,000 for 1,460 receiving yards.
Of the amount, $32.116 million is fully guaranteed at signing. Another $10 million becomes fully guaranteed next year. The final $10 million becomes fully guaranteed in 2026.
The new-money average is $24.25 million. The deal pays, from signing, an average of $18.966 million per year.
Nico Collins will be 27 when the deal expires, giving him a shot at another payday in four years, or sooner than that. It also locks him in before, for example, a Justin Jefferson contract blows the lid off the receiver market.