NFL Franchise Player Long-Term Deal Deadline on July 15


Published: July 15, 2009

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... to NFL training camps at the end of July.  But that date marks a significant event on the NFL’s “business” calendar, as it is the last day for “Franchised” players to sign a long-term deal with their teams.

If a franchised player is unable to workout a long-term deal by the end of July 15 then the player can only agree to play under the terms of their one-year franchise deal for the upcoming NFL season (ex. Carolina Panthers DE Julius Peppers’ one-year franchise deal is for approximately $16.7 million).

Already as of July 14, the Kansas City Chiefs locked-up franchised quarterback Matt Cassel by signing him to a multi-year contract extension. According to league sources, the six-year deal is worth $63 million, with $28 million guaranteed. 

The new deal is the second big jump in salary for Cassel, who played for basically for the first time since high school in 2008 when filled-in for injured t...

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