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    • Salary, Earnings for New Jets WR
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    Salary, Earnings for New Jets WR

    Eira Gwyneth Posted on

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    Davante Adams is moving from the Las Vegas Raiders to the New York Jets in the NFL’s latest blockbuster move.

    Adams’ time with the Raiders ends two and a half years after Las Vegas acquired him in a trade from the Green Bay Packers as their number 1 receiver. Adams held up his end of the bargain, posting two 1,000-yard seasons and leading the NFL in receiving touchdowns during a Pro Bowl 2022 campaign, but the Raiders couldn’t win consistently despite his presence.

    Now Adams will suit up for the Jets and hopes to contribute to a playoff contender by reuniting with Aaron Rodgers. He also hopes to parlay his audition into a lucrative contract extension for the remainder of the season, especially as the guarantees on his five-year contract with the Raiders expire.

    Here’s what to know about Adams’ contract as the Jets inherit the remainder of the deal that once made the wideout one of the NFL’s highest-paid players at the position.

    Davante Adams contract details

    Adams is in the third year of a five-year, $140 million contract he signed with the Raiders in 2022. The Jets will only be responsible for paying a portion of what the Raiders owe him.

    The Jets will assume the remaining base salaries owed to Adams: a prorated version of the $16.89 million he is owed for 2024 and the full $35.64 million base salaries he is owed for 2025 and 2026 in the books. They will also owe Adams the roster training bonuses associated with his contract, which are at $610,000 per year, according to Spotrac.com.

    Below is the maximum amount the Jets will owe Adams in cash annually as a result of the trade:

    • 2024: $11.67 million
    • 2025: $36.25 million
    • 2026: $36.25 million

    On paper, that would increase the remaining value of Adams’ contract to as much as $84.17 million over the next two and a half seasons.

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    The remaining money from Adams’ deal is not guaranteed, so the Jets could move on from Adams after the 2024 season without consequences if it doesn’t work out. Conversely, they could also look to restructure the veteran receiver’s contract or extend him to cover the cost of his projected cap hits of $44.1 million in 2025 and 2026, respectively.

    Given that the Jets gave up a conditional third-round pick to get Adams, it stands to reason that they believe the 32-year-old is part of their long-term plans. Therefore, the latter scenario, an extension or contract restructuring to convert a portion of Adams’ base salary into guaranteed money and thus lower his future cap numbers, seems the more likely option.

    What do the Raiders owe Davante Adams?

    The Raiders no longer owe Adams anything but will take a dead cap hit after trading him.

    Dead cap space is the salary cap space occupied by a player who is no longer on a team. Typically, this is guaranteed money that has already been paid to a player who is released, traded, or retired.

    Adams’ prorated signing bonus and guarantees from another contract restructuring remain on the Raiders’ books. As a result, they will face a dead cap hit of $7.85 million for the remainder of the 2024 NFL season while posting a loss of $15.7 million in 2025.

    The Raiders will free up $28.4 million in cap space for the 2025 NFL season by releasing Adams, as his dead cap hit of $15.7 million is less than the cap hit in The amount Las Vegas would have owed him was $44.1 million. So by parting ways with Adams, the team retains some financial flexibility and officially doesn’t owe him any money that they haven’t already paid him.

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    Eira Gwyneth
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