The Indianapolis Colts signed quarterback Gardner Minshew to a one-year deal and we now know how that contract breaks down.
Detailing one-year contracts doesn’t take a whole lot effort, and most of them are pretty straightforward as expected. The same will go for Minshew, who has a chance to make up to $5 million when the season is all said and done.
According to Aaron Wilson of Click2Houston, here’s how the one-year deal for Minshew breaks down:
- Signing bonus: $1.75 million (guaranteed)
- 2023 base salary: $1.75 million (guaranteed)
- $2 million playtime incentive
It’s a very straight forward deal. Minshew will get a minimum of $3.5 million even if he never plays a single snap for the Colts in 2023.
And if the Colts had their choice, that’s likely how it would go. Not because Minshew isn’t talented or valuable but because that means whichever rookie quarterback they select in the 2023 NFL draft was on the field for the entire season.
However, in the event that Minshew does need to step in—due to injuries or rookie development—there is an incentive to add $2 million to his earnings for the upcoming season.
Those incentive landmarks were not disclosed so we have no idea what percentage of snaps he needs to play in order to reach that goal.
Signing Minshew was a no-brainer. He’s one of the best backup quarterbacks in the NFL and has flashes of being a borderline starter at times. He’s loved in every locker room he steps in, and he has two full seasons of experience working in Shane Steichen’s offense.
Keep up to date with the latest news, signings and rumors through our free agency tracker for the Colts.
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