3/13/2012: Signed a four-year, $25.9 million contract. The deal contains $14 million guaranteed, including a $7.5 million signing bonus and all of Meachem's first two base salaries. 2012: $1.5 million, 2013-2014: $5 million, 2015: $6.5 million, 2016: Free Agent
Contract:4 yr(s) / $25,900,000 Signing Bonus - Average Salary $6,475,000 End Year:2015 Free Agent:2016 / Unrestricted
So much for Meachem not making it out of Buffalo. The deal includes $14 million guaranteed. It's a huge contract for someone who was something of an underachiever during his four seasons in New Orleans. Meachem drew heavy interest from the get-go Tuesday, however, and is still viewed as a potential No. 1 receiver in some circles. That's what he'll have to be in San Diego after the Bolts lost Vincent Jackson to the Bucs. That, of course, bodes well for Meachem's fantasy value even though he's leaving the NFL's most prolific passing attack. He's a good bet to best his career-best line of 45/722/9 from 2009 next season.
PREVIOUS CONTRACTS
2007-2011
Team:New Orleans Saints
Contract: 5 yr(s) / $11,300,000
Free Agent Type:UFA
2007: 285,000
2008: 370,000
2009: 485,000
2010: 655,500
2011: 1,200,000
$5.71 million in guarantees
Signing Bonus: $1.3 million
2011 salary increased from $700,000
TRANSACTIONS (Contract history)
Mar 14 2012
Signed a 4 year $25.9 million contract with San Diego (SD)
Jul 24 2007
Signed a 5 year $11.3 million contract with New Orleans (NO)
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