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Trends January 12, 2025

What is Stephon Gilmore's contract?

Stephon Gilmore is an American football cornerback for the Indianapolis Colts of the National Football League (NFL). He played college football at South Carolina and was drafted by the Buffalo Bills in the first round of the 2012 NFL Draft. Gilmore has also played for the New England Patriots and Carolina Panthers.

On March 18, 2022, Gilmore signed a two-year, $23 million contract with the Colts. The contract includes a $15 million signing bonus and $18 million guaranteed.

Gilmore is one of the top cornerbacks in the NFL. He has been named to the Pro Bowl four times and was named an All-Pro three times. Gilmore is known for his physicality and ability to cover receivers one-on-one.

Here is a table with Stephon Gilmore's personal details and bio data:

| Name | Date of Birth | Place of Birth | College | NFL Draft ||---|---|---|---|---|| Stephon Gilmore | September 19, 1990 | Rock Hill, South Carolina | University of South Carolina | 2012, 10th overall by the Buffalo Bills |

Main article topics:

Stephon Gilmore's contract
Stephon Gilmore's NFL career
Stephon Gilmore's personal life

Stephon Gilmore Spotrac

Stephon Gilmore's contract with the Indianapolis Colts is a two-year, $23 million deal. The contract includes a $15 million signing bonus and $18 million guaranteed. Gilmore is one of the top cornerbacks in the NFL and has been named to the Pro Bowl four times and was named an All-Pro three times.

Years: 2
Value: $23 million
Signing bonus: $15 million
Guaranteed money: $18 million
Average annual salary: $11.5 million
Cap hit: $10 million (2022)
Dead cap value: $15 million (2022)

Gilmore's contract is a significant investment for the Colts, but it is also a reflection of his value to the team. Gilmore is one of the best cornerbacks in the NFL and is a key part of the Colts' defense. He is a physical player who is able to cover receivers one-on-one and make big plays. Gilmore is also a leader in the Colts' locker room and is respected by his teammates.

The Colts are hoping that Gilmore can help them return to the playoffs in 2022. Gilmore is a proven winner and has a lot of experience playing in big games. He is also a great fit for the Colts' defense and should be able to make an immediate impact.

1. Years

The length of Stephon Gilmore's contract with the Indianapolis Colts is a significant factor in understanding its overall value and impact on the team.

A two-year contract is relatively short for a player of Gilmore's caliber. This indicates that the Colts are taking a cautious approach with Gilmore, who is 31 years old and has had some injury issues in the past. However, it also gives the Colts some flexibility in the future. If Gilmore performs well in 2022, the Colts can extend his contract or franchise tag him in 2023. If he does not perform well, the Colts can cut him after the 2022 season without incurring a significant dead cap hit.

The two-year contract also gives Gilmore some flexibility. If he has a good season in 2022, he will be able to test the free agent market again in 2024 and potentially sign a more lucrative contract. However, if he does not have a good season, he may be forced to accept a smaller contract or even retire.

Overall, the two-year length of Stephon Gilmore's contract is a reflection of both his age and injury history, as well as the Colts' desire to maintain some flexibility in the future.

2. Value

The value of Stephon Gilmore's contract with the Indianapolis Colts is $23 million over two years. This is a significant investment for the Colts, but it is also a reflection of Gilmore's value to the team. Gilmore is one of the top cornerbacks in the NFL and has been named to the Pro Bowl four times and was named an All-Pro three times.

Gilmore's contract is a significant part of the Colts' salary cap. In 2022, Gilmore's cap hit is $10 million. This means that the Colts will have to account for Gilmore's salary when making other roster decisions. However, Gilmore's value to the team is greater than his cap hit. Gilmore is a lockdown cornerback who can shut down opposing receivers. He is also a leader in the Colts' locker room and is respected by his teammates.

Overall, the $23 million value of Stephon Gilmore's contract is a reflection of his value to the Indianapolis Colts. Gilmore is one of the best cornerbacks in the NFL and is a key part of the Colts' defense. The Colts are hoping that Gilmore can help them return to the playoffs in 2022.

3. Signing bonus

The signing bonus in Stephon Gilmore's contract with the Indianapolis Colts is a significant part of the overall value of the deal. A signing bonus is a lump sum of money that is paid to a player when they sign a contract. This money is guaranteed, regardless of whether the player is injured or released.

Mechanism for teams to secure players: Signing bonuses are often used by teams to secure the services of top players. By offering a large signing bonus, teams can make it more difficult for other teams to sign the player away. In Gilmore's case, the Colts gave him a $15 million signing bonus to ensure that he would not sign with another team.
Tax implications: Signing bonuses are taxed differently than other forms of income. Players are taxed on signing bonuses in the year that they are received. This can result in a significant tax bill for players who receive large signing bonuses. Gilmore will have to pay taxes on his $15 million signing bonus in 2022.
Salary cap implications: Signing bonuses are also subject to the NFL's salary cap. Teams are required to prorate signing bonuses over the length of the contract. This means that the Colts will have to spread Gilmore's $15 million signing bonus over the two years of his contract. This will reduce the Colts' salary cap hit in 2022, but it will increase their salary cap hit in 2023.
Player leverage: Signing bonuses can give players more leverage in contract negotiations. Players who receive large signing bonuses are less likely to sign contracts that are not favorable to them. Gilmore's $15 million signing bonus gives him some leverage in his contract negotiations with the Colts.

Overall, the signing bonus in Stephon Gilmore's contract is a significant part of the overall value of the deal. Signing bonuses are used by teams to secure the services of top players, but they also have tax implications and salary cap implications. Players who receive large signing bonuses have more leverage in contract negotiations.

4. Guaranteed money

The guaranteed money in Stephon Gilmore's contract with the Indianapolis Colts is a significant part of the overall value of the deal. Guaranteed money is money that is paid to a player regardless of whether they are injured or released. In Gilmore's case, he is guaranteed $18 million over the two years of his contract.

Guaranteed money is important for players because it provides them with financial security. Players can use guaranteed money to buy a house, invest in a business, or simply save for the future. Guaranteed money also gives players more leverage in contract negotiations. Players who have a lot of guaranteed money are less likely to sign contracts that are not favorable to them.

The Colts gave Gilmore $18 million in guaranteed money because they believe that he is a valuable player who can help them win games. Gilmore is one of the top cornerbacks in the NFL and has been named to the Pro Bowl four times and was named an All-Pro three times. The Colts are hoping that Gilmore can help them return to the playoffs in 2022.

Overall, the guaranteed money in Stephon Gilmore's contract is a reflection of his value to the Indianapolis Colts. Gilmore is one of the best cornerbacks in the NFL and is a key part of the Colts' defense. The Colts are hoping that Gilmore can help them return to the playoffs in 2022.

5. Average annual salary

The average annual salary of $11.5 million in Stephon Gilmore's contract with the Indianapolis Colts is a significant figure that reflects his value to the team and his status as one of the top cornerbacks in the NFL.

Market value: The average annual salary is a key indicator of a player's market value. Gilmore's $11.5 million average annual salary is in line with the salaries of other top cornerbacks in the NFL. This shows that the Colts believe that Gilmore is one of the best cornerbacks in the league and are willing to pay him accordingly.
Salary cap implications: The average annual salary also has implications for the Colts' salary cap. The Colts will have to account for Gilmore's salary when making other roster decisions. However, Gilmore's $11.5 million average annual salary is a reasonable figure for a player of his caliber and should not prevent the Colts from signing other key players.
Financial security: For Gilmore, the average annual salary provides him with financial security. Gilmore can use his salary to buy a house, invest in a business, or simply save for the future. The $11.5 million average annual salary also gives Gilmore leverage in contract negotiations.
Long-term value: The average annual salary is also a reflection of Gilmore's long-term value to the Colts. Gilmore is a young player who is still in his prime. The Colts are hoping that Gilmore will be a key part of their defense for many years to come. The $11.5 million average annual salary is a sign that the Colts are committed to Gilmore and believe that he is a player who can help them win games.

Overall, the average annual salary of $11.5 million in Stephon Gilmore's contract with the Indianapolis Colts is a significant figure that reflects his value to the team, his status as one of the top cornerbacks in the NFL, and the Colts' commitment to building a winning team.

6. Cap hit

The cap hit is a crucial component of Stephon Gilmore's contract with the Indianapolis Colts. The cap hit refers to the amount of money that will count against the Colts' salary cap in 2022. In Gilmore's case, his cap hit is $10 million.

The cap hit is important because it affects the Colts' ability to sign other players and build a competitive team. The NFL has a salary cap, which means that teams can only spend a certain amount of money on player salaries each year. The cap hit is used to calculate how much of a player's salary counts against the salary cap.

In Gilmore's case, his $10 million cap hit is a significant figure. It means that the Colts will have to carefully consider how they allocate their remaining salary cap space. The Colts may need to make some difficult decisions about which players to sign and which players to release in order to stay under the salary cap.

Overall, the cap hit is an important factor to consider when evaluating Stephon Gilmore's contract. It affects the Colts' ability to build a competitive team and stay under the salary cap.

7. Dead cap value

The dead cap value is a crucial component of Stephon Gilmore's contract with the Indianapolis Colts. The dead cap value refers to the amount of money that will count against the Colts' salary cap if Gilmore is released or traded before the end of his contract. In Gilmore's case, his dead cap value is $15 million in 2022.

The dead cap value is important because it affects the Colts' ability to make roster moves in the future. If the Colts release or trade Gilmore before the end of his contract, they will be responsible for paying his dead cap value. This could limit the Colts' ability to sign other players or make other roster moves.

The dead cap value is also important for Gilmore. If Gilmore is released or traded before the end of his contract, he will be owed the remaining guaranteed money on his contract. However, the dead cap value will reduce the amount of money that Gilmore is owed. This could make it more difficult for Gilmore to find a new team.

Overall, the dead cap value is an important factor to consider when evaluating Stephon Gilmore's contract. It affects the Colts' ability to make roster moves in the future and it also affects the amount of money that Gilmore is owed if he is released or traded.

FAQs about Stephon Gilmore's Contract

This section provides answers to frequently asked questions about Stephon Gilmore's contract with the Indianapolis Colts.

Question 1: How long is Stephon Gilmore's contract with the Colts?

Answer: Gilmore's contract with the Colts is a two-year deal.

Question 2: How much is Stephon Gilmore's contract worth?

Answer: Gilmore's contract is worth $23 million over two years.

Question 3: How much guaranteed money is in Stephon Gilmore's contract?

Answer: Gilmore's contract includes $18 million in guaranteed money.

Question 4: What is Stephon Gilmore's average annual salary?

Answer: Gilmore's average annual salary is $11.5 million.

Question 5: What is Stephon Gilmore's cap hit for 2022?

Answer: Gilmore's cap hit for 2022 is $10 million.

Summary: Stephon Gilmore's contract with the Indianapolis Colts is a two-year, $23 million deal that includes $18 million in guaranteed money. Gilmore's average annual salary is $11.5 million and his cap hit for 2022 is $10 million.

Transition: For more information about Stephon Gilmore's contract, please refer to the following resources:

Spotrac: Stephon Gilmore Contract
Over the Cap: Stephon Gilmore Contract

Conclusion

Stephon Gilmore's contract with the Indianapolis Colts is a significant investment for the team, but it is also a reflection of his value as a player. Gilmore is one of the top cornerbacks in the NFL and has been named to the Pro Bowl four times and was named an All-Pro three times. The Colts are hoping that Gilmore can help them return to the playoffs in 2022.

Key points about Gilmore's contract include:

Two-year, $23 million deal
$18 million guaranteed
$11.5 million average annual salary
$10 million cap hit for 2022

Gilmore's contract is a significant part of the Colts' salary cap, but it is also a reflection of his value to the team. Gilmore is a key part of the Colts' defense and the team is hoping that he can help them win games in 2022 and beyond.