When it comes to new contracts, the number that gets publicized more than any other is the new-money average per year. When it’s time to get to the truth of new contracts, the first question is whether the new-money APY is real, or inflated.
We’ll be getting the real numbers on the George Kittle extension soon. For now, we’re told that the four-year extension contains an inflated final-year salary that pushes the new-money average from $18 million per year to $19.1 million.
Why $19.1 million? Because the highest-paid tight end, Trey McBride of the Cardinals, has a new-money APY of $19 million.