Financial terms have not been released yet, but our wildly irresponsible guess is that his salary is fully guaranteed. And as we alluded to this morning, the addition of a solid player like Bannan to the middle of the defense reduces the urgency of overdrafting one in two weeks' time, allowing the team's front office to potentially select for talent over need.
Bannan had originally signed a five-year deal with Denver that included a $6.245M signing bonus prior to the 2010 season, but he was released in March of 2011. The former CU Buff then followed Josh McDaniels to St. Louis, where he got a three-year deal worth $8.5M, but the Rams cut him last month. He had been owed a $2.75M salary this year.
During his one season with the Rams, Bannan accumulated a plus-8.8 overall rating (+12.3 run, -2.3 pass rush, +1.0 pass coverage!!, -2.2 penalties) on 495 snaps according to PFF. Bannan, who will turn 33 a week from today, was credited with zero sacks, one QB hit, five pressures, three batted passes, 25 tackles, four assists, one missed tackle, and 22 stops.