Robert Mathis Re-Signed to Long Term Deal UPDATED: Contract Terms

After hearing conflicting reports for the past week, the Colts have finally locked up Robert Mathis for a long term deal this afternoon. Last week, Bob Kravitz reported that talks between the two parties were “warming up,” but later reports claimed that no negotiations had yet to take place.

Earlier today, Adam Schefter tweeted the following:

 

Right before the 4 PM deadline, it was released that the Colts had franchised Mathis, but that the two sides were close to a new deal.

20 minutes later, Mike Chappell of the Indy Star and Anthony Calhoun of WISH-TV both confirmed the agreement of a new deal.

This is great news for the Colts’ defense, and for Coach Pagano, who has gushed repeatedly over Mathis and Dwight Freeney. Mathis will likely transition to more of a stand-up, outside linebacker role, but it all depends on how the new defense shapes up.

The Colts now turn their attention to Pierre Garcon, Reggie Wayne, and the other 16 unrestricted free agents. Who should be next?

UPDATE:

Mike Chappell updated us with contract details:

 

So, Mathis will receive $17 million in his first year, and will have received $24 million by the end of his second year. The cap situation then, looks something like this: $2 million base salary in 2012 plus 1/4th of the signing bonus (3.75), making it a $5.75 million hit on the 2012 cap. That’s a great deal for a premier pass rusher. The 2013 cap number would be $10.75 million, as Mathis would receive a $7 million base, plus the prorated signing bonus. 

 

Kyle J. Rodriguez

About Kyle J. Rodriguez

A film and numbers guru, Kyle writes about the NFL and the Indianapolis Colts for Bleacher Report, Draft Mecca and The Football Educator, and is a co-founder and associate editor of Colts Authority. Kyle also is a high school sports reporter for the MLive Media Group in Michigan, covering high school sports across the state.

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