When the Green Bay Packers rewarded starting CB Charles Woodson with a two-year contract extension in September of 2010, they did so with protection should his level of play start to decline in future years, sources confirmed.
Woodson, who is signed through 2014, is listed with a non-guaranteed base salary of $7.85 million ($1.35 million in one-time incentive reached according to Brian McIntyre of Mac's Football Blog, $6.5 original base salary) for 2011. He has a $2.05 million roster bonus due on the 30thday of the new league year and per game roster bonuses ($62,500 per game active) totaling $1 million. His total take for base salary and roster bonuses for this coming season is $10.9 million.
Woodson, who turns 35 in October, could earn up to $11.5 million for the 2012 season. As is the case for each of the four years left on his deal, his $6.5 million base salary is not guaranteed. But this time around, his roster bonus, which is due on the 30th day of the new league year, is nearly double of the previous season at $4 million. He has the same per game roster bonuses structure of up to $1 million.
Woodson, who signed with the Packers in April of 2006, could earn $20 million over the final two years of his contract based on non-guaranteed base salaries and roster bonuses. He can earn just over $41 million over the four years in base salary and roster bonuses.
The bottom line is as long as Woodson continues to be as productive as he has been in recent years, he should remain a Packer. But if his play regresses, the team has recourse. And some team observers feel Woodson could be moved to safety in future seasons, which could give the team a reason to reduce his base salaries.