Liuget contract details: Corey Liuget signed a 5 year, $51,250,000 contract with the San Diego Chargers, including a $7,500,000 signing bonus, $30,477,000 guaranteed, and an average annual salary of $10,250,000. In 2015, Liuget will earn a base salary of $1,000,000, a signing bonus of $7,500,000 and a roster bonus of $5,477,000. Liuget has a cap hit of $7,977,000 while his dead money value is $19,477,000.
That currently ranks Liuget as follows among defensive ends:
#6 in 2015 cash
#6 in guaranteed money
#7 in contract value
#10 in average contract value
#12 in 2015 cap hit
No worse than #8 in cap hit in 2016-2018 (as far as spotrac rankings go)
Those rankings are for all defensive ends, not just 3-4 DEs. Here are his PFF rankings to date, among 3-4 DEs that took at least 25% of their teams' snaps:
2011:
461 snaps
-15.3 overall (#29 of 32)
+0.3 pass rush (#16 of 32)
-1.0 pass coverage (#29T of 32)
-14.2 run defense (#28 of 32)
-0.4 penalties (#23 of 32)
Poor rookie season.
2012:
733 snaps
+4.0 overall (#8 of 34)
+8.3 pass rush (#6 of 34)
+1.0 pass coverage (#4T of 34)
-4.2 run defense (#16 of 34)
-1.1 penalties (#24 of 34)
Huge step forward in second season.
2013:
730 snaps
-8.0 overall (#37 of 45)
+8.8 pass rush (#10 of 45)
+1.0 pass coverage (#10T of 45)
-13.9 run defense (#41 of 45)
-3.9 penalties (#44 of 45)
Big regression in run defense. Worst year in penalties (6 penalties in just 730 snaps is a high number). Pass rush and coverage stayed essentially constant.
2014:
798 snaps
+1.1 overall (#25 of 47)
+2.7 pass rush (#20 of 47)
+1.0 pass coverage (#11T of 47)
-2.4 run defense (#26 of 47)
-0.2 penalties (#29T of 47)
Another rebound season. He played the most snaps in his career. His run defense rebounded, and he had his best grade in penalties, his two previous trouble areas. Pass coverage remains constant, but pass rush, his biggest strength in previous seasons, dropped off. Meanwhile, teammate Ricardo Mathews outplayed him, at least according to PFF (+3.4 overall).
Overall, it seems that his play has trended up, but not smoothly. Can we trust that the pass rush will rebound without resulting in a drop off in run defense?
He has played in 61 of 64 regular season games. He is 25, so he should still have room to improve and should be entering his prime. He seems to be a good character guy. Those are all good things.
Bottom line, this contract seems well above what he has earned. He is being paid as a top 10 defensive end and a top 3 3-4 defensive end (behind Watt and Campbell).
Is this really what was required to extend him? Does this reflect his actual market value?
The best news about the contract is that all of the guaranteed money is paid in 2015-17, and after 2017 the Chargers would have just $3M in dead money if they released him. So if this turns into another Donald Butler situation, they can move on after 2017.