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Broncos left tackle Garett Bolles’ new four-year contract, signed on Saturday, was filed with the league on Tuesday.
According to a league source who has viewed the full contract, here are the details:
*The deal is four years and $68 million (average of $17 million).
*The full guarantee is $40 million.
*The signing bonus is $20 million.
*The three-year cash is $39,969,383.
*The salary cap hits … $7.5 million (2020), $5 million (2021), $21 million (2022), $18 million (2023) and $20 million (2024).
*Bolles’ 2021 base salary, although only $1 million, is already guaranteed.
*Bolles’ 2022 base salary is fully guaranteed by the fifth day of the ’21 league year (March).
*In 2023, $2 million of Bolles’ base salary is guaranteed for injury-only and the base salary is fully guaranteed by the fifth day of the ’23 league year.
“The cap number of ’21 is extremely low, which likely helps them in justifying the (Ja’Wuan) James deal (and keeping him),” the source said. “Come ’22, James gets cut and they keep Bolles. If Bolles is a bust after the ’22, they can get out if pretty easily from there. Not a bad deal.”
James’ cap hit next year is $13 million so the Broncos can keep both offensive tackles for a combined $18 million, a nice job of cap gymnastics by chief negotiator Rich Hurtado.