Exploring what an extension that keeps Alex Anzalone in Detroit for remainder of his career could look like
Allen Park — Trey Hendrickson's situation in Cincinnati highlights a longstanding inequity in the balance of power with NFL contracts.
For the vast majority of deals, teams can move on after a year or two with minimal financial ramifications if a player isn't performing to expectations, or, worse yet, when a cheaper alternative is obtained via the draft.
But what if a player outperforms their contract, meriting a raise? It’s rare that a team willingly cuts a check earlier than necessary to reward exceptional performance.
When Hendrickson signed a four-year, $60 million contract with the Bengals in 2021, it was a relatively good deal for a player with only one year of high-level production. It wasn't top 10 for his position, but it registered just outside that range.
Now, 57.0 sacks, four Pro Bowl selections and 2024 All-Pro honors later, he is unquestionably underpaid. A handful of edge rushers at the top of the market are currently paid more than double what Hendrickson signed for in 2021. And as he approaches his 31st birthday, the window to maximize his earnings is closing rapidly.
That's why Hendrickson recently told the world he won't play this season on the current deal. Holding out isn't ideal, but it's the most powerful option a player has to gain leverage while under contract.
That brings us to Detroit Lions linebacker Alex Anzalone. While his situation isn't toxic, like it is between Hendrickson and the Bengals, there are similarities.
Anzalone has outplayed his current deal. Going into the final year of the contract, he's underpaid, and his window to cash in is closing. As it stands, he's not participating in the voluntary portion of the offseason program. That’s not necessarily new for him, and there's no imminent threat of a holdout. However, the veteran defender's recent social media postings, including since-deleted support of Hendrickson, strongly indicate Anzalone would like a new deal.
Will he get it? Well, that remains to be seen. The sides have been in communication, and the current front office has built a strong reputation on rewarding its own, handing out several significant extensions in recent years. Nonetheless, the conversation is admittedly different with a player who will be 31 years old at the start of the next deal.
Anzalone's importance, both to the culture and on the field, shouldn’t be understated, with the latter definitively driven home during his injury-related absence last season. Still, contracts are for future contributions, not past performance. While there's been no sign of decline at this stage, predicting that eventual inevitability is part of managing a roster.
Anzalone's next contract could very well be his last. The desire to make the most of this opportunity is exacerbated by unfortunate circumstances and poor timing in previous negotiations, which have limited past earnings. After his cost-controlled rookie contract expired, durability concerns forced him to take back-to-back prove-it deals with the Lions before securing his current three-year, $18 million pact. That ink had barely dried before the cap sharply spiked, inflating the next wave of contracts.
Look no further than teammate Derrick Barnes, a player Anzalone has mentored. A fourth-round pick in 2021, Barnes has slowly morphed into an important defensive piece for the Lions. And even though he struggled his first two seasons and missed most of the 2024 campaign with an injury, the Lions still rewarded him with a three-year, $24 million contract this offseason.
That's the market rate for a linebacker of Barnes' caliber in 2025, further confirming Anzalone is underpaid. Barnes might surpass his mentor's contributions sooner rather than later, but in recent years, it's a stretch to suggest they've been particularly close.
What would an Anzalone extension look like for Detroit? We can reasonably center that conversation around two linebackers who recently re-upped with their teams: Foyesade Oluokun in Jacksonville and T.J. Edwards with Chicago.
Oluokun got three years, Edwards two, with each deal averaging $10 million per season. Both players are a touch younger than Anzalone. Still, the average value holds up if you factor in an extra year of cap inflation.
At his aforementioned age, the right length for an Anzalone extension is two years beyond this season. Any longer, respectfully, is an unreasonable ask.
Currently, Anzalone has a $7.26 million cap hit for the upcoming season and a $1.2 million cap hit next year, after the contract voids. If the Lions awarded him $20 million in new money, with a $5 million signing bonus and another $9.5 million guaranteed, the structure could look something like this.
2025: $6 million pre-existing base, $2.2 million combined signing bonus prorations from the previous contract and the two-year extension, and a pre-existing $100,000 in per-game bonuses, for a cap hit of $8.26 million.
2026: $3 million fully guaranteed base salary, $6 million guaranteed option bonus (spread over four years, with two void years added to the end of the contract), $2.2 million combined signing bonus prorations, up to $250,000 per game bonuses, $250,000 workout bonus, $7.2 million cap hit.
2027: $5 million base, $1 million signing bonus proration, $1 million option bonus proration, up to $250,000 per game bonuses, $250,000 workout bonus, $7.5 million cap hit and $6.5 million in dead money tied to the remaining signing bonus and option bonus prorations.
2028: Void year. $2 million in remaining signing bonus proration and $3 million in option bonus proration, for a $5 million dead money cap hit.
2029: Void year. No cap hit.
Concluding thoughts
If the Lions are reluctant at that price tag, it would be understandable. Cap space can be manipulated in a number of ways, but it is finite. At this point, we understand the team is stretched thin with recent extensions for Jared Goff, Penei Sewell, Amon-Ra St. Brown, Taylor Decker, David Montgomery, Alim McNeill and Kerby Joseph. That's on top of Aidan Hutchinson, Brian Branch, Jahmyr Gibbs, Sam LaPorta and Jameson Williams meriting consideration for pay days in the near future.
General manager Brad Holmes has already said the team can't pay everyone and hinted that Williams could be an odd man out, putting any extension talks on the back burner after picking up the fifth-year option on the speedy receiver's rookie deal.
Anzalone is unquestionably on the older side, and the team invested a first-round pick in Jack Campbell a couple of years back, presumably viewing him as the franchise's long-term quarterback of the defense. His career is off to a promising start, but the defense remains better when the two are paired. As mentioned above, the unit's performance declined more noticeably when Anzalone was sidelined than any of the roster's other injuries in 2024.
And while acknowledging loyalty can lead to bad cap management decisions, Anzalone has been one of the key pieces of Detroit's turnaround, even if he doesn't get the attention of some of the bigger stars. Coach Dan Campbell went out of his way to highlight the linebacker by name at the league meetings in March when discussing the topic.
My gut tells me something gets done, in part because the Lions didn't draft an heir this April. The only addition the team made to its linebacker room this offseason was bringing in special teams ace Grant Stuard, and that was only a one-year contract.