Colts sign LS Luke Rhodes to contract extension

[AlwaysSunnyinIndy]

Originally Posted by IndyNorm

I also should point out that Rhodes is already making $1.2M this season and the vet minimum for next year for someone with his service time is pretty much the same. I would guess his salary increases each year in his new deal, but not seeing the annual breakdown of his contract anywhere. So assuming a simple average he'll jump to a ~$1.6M annual cap hit in beginning in '24. $400K against the cap isn't shit.

There is a vet minimum salary table here:

https://www.spotrac.com/nfl/cba/minimum/


If you tally up the amounts for the next several seasons based on Rhodes' increasing number of years of service, it rolls up to about $5.1M.

Compare that with the numbers Pelissero reported - $6.46M total with $1.1M as a signing bonus. Without seeing the actual contract numbers yet, it would appear that the premium above the vet minimum is mostly going to his signing bonus.