Buh bye, NFL.
Roger Goodell has signed a five-year contract extension to remain the commissioner of the NFL, according to a letter obtained by ESPN.
A source told ESPN’s Adam Schefter that the new contract would be worth $200 million over the life of the contract — about $40 million annually — if owners approve all the bonuses and all the incentives are met. The new deal runs through the 2023 season.
The base salary of the new contract is in the single-digit millions, a source had told Schefter. Roughly 85 percent of the total potential compensation package is from bonuses, which would be subject to ownership approval and validation.
The six members of the NFL compensation committee, which had been granted permission to negotiate the extension, said it supported the signed contract in a letter to NFL owners.
“Our Committee unanimously supports the contract and believes that it is fully consistent with ‘market’ compensation and the financial and other parameters outlined to the owners at our May 2017 meeting, as well as in the best interests of ownership,” the letter said. “… We are pleased to report that there is a nearly unanimous consensus among the ownership in favor of signing the contract extension now.”