"The fifth-year option is fully guaranteed, and any base salary in the player's fourth year that was not fully guaranteed will become so. The fifth-year salary is calculated based on four tiers: basic, playing time, one Pro Bowl and multiple Pro Bowls."
"The Panthers will pick up the fifth-year option on Young and discuss whether a contract extension makes sense from the 'big-picture view,' general manager Dan Morgan said in January. The option keeps the top pick of the 2023 draft under contract through 2027, when he'll be guaranteed $26.5 million."
"The Seahawks exercised Witherspoon's option in March. Seattle is expected to discuss a long-term extension with the cornerback. The option for Witherspoon is expected to be worth approximately $21.2 million, according to OverTheCap.com."
"The Seahawks exercised Smith-Njigba's fifth-year option for 2027 -- worth approximately $23.9 million. A week later, Seattle signed him to a four-year, $168.6 million contract."
NFL teams have until May 1 to decide on fifth-year options for 2023 first-round draft picks. Declining the option makes a player a free agent in 2027, while exercising it keeps them under contract through 2027. The fifth-year option is fully guaranteed and calculated based on performance tiers. The Panthers and Seahawks have already exercised options for their players, with significant guaranteed salaries. The 2023 draft class consists of 31 players due to the Dolphins losing their first-round pick.
Read at ESPN.com
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