Kingbish01
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From One Foot Down:
Using last year's rookie contracts for linebackers as our guide let's take a look at some of the financials involved, with the caveat that "guaranteed" money isn't usually ALL guaranteed in the NFL.
If Smith's stock doesn't fall much from it's pre-bowl game level he'd receive around $23.5 million if picked at No. 3 overall like Dante Fowler.
If he falls to a late 1st round pick he'd receive around $7.2 million if selected at No. 25 overall like Shaq Thompson.
The cap for his insurance policy ($5 million) means that Smith cannot gain any additional money from his policy after Tampa Bay's 11th pick of the 3rd round, 74th overall.
If Jaylon is an early 2nd round pick like Preston Smith last year he'd get about $3.2 million in guaranteed money plus an additional $1.3 million from his insurance policy. That's a total of $4.5 million overall.
A late 2nd round pick like Randy Gregory in 2015 would net Jaylon $1.5 million from his contract and an additional $3.5 million from insurance. That's a total of $5.0 million overall.
If Jaylon is picked somewhere early in the 3rd round, let's say the 5th pick of that round, he'd receive around $800,000 in guaranteed money and $4.4 million from insurance for a total of $5.2 million overall.
The 74th pick by the Buccaneers would net Smith all $5 million plus an additional $750,000 from his contract.
Once he gets past Tampa Bay at 74th overall he's collecting all $5 million and it's just a matter of picking up a decreasing amount of guaranteed money from a rookie contract.
Ballpark Guaranteed Money
Late 3rd Round- $600,000
Early 4th Round- $525,000
Late 4th Round- $450,000
Early 5th Round- $230,000
Late 5th Round- $200,000
Early 6th Round- $130,000
Late 6th Round- $115,000
Early 7th Round- $72,000
Late 7th Round- $55,000
From a financial standpoint the best outcome for Jaylon Smith is to be picked in the 1st round or hope he goes somewhere around that 11th pick in the 3rd round so he can collect as close to the $5 million of the insurance with guaranteed money adding somewhere around three-quarters of a million.
