NFL insider Adam Schefter was first to report the details of the new deal: $50 million over three years with $30 million guaranteed.
Slay is now signed through the 2023 season. He was previously set to play out the final year of his contract with a base salary of $10 million in 2019. Slay will still earn that amount from the Eagles in addition to the new years that contain money in 2021, 2022, and 2023.
As the headline of this article indicates, Slay’s $16.7 million annual value makes him the highest paid cornerback in the NFL on an annual basis. The previous high-water mark was held by ... Byron Jones, who signed with the Miami Dolphins earlier this week for $16.5 million annually.
Multiple reports have indicated the Eagles really wanted Jones and that lines up with what I’ve heard. Signing him instead of trading for Slay would’ve been preferable in that Jones is slightly less expensive annually, younger, and wouldn’t have cost two draft picks. Of course, Slay has a better track record when it comes to generating turnovers, which is a big factor working in his favor.
Here’s a look at the top paid cornerbacks in the NFL, via Over The Cap. Keep in mind Slay’s new terms aren’t yet accounted for in this table: