The Giants re-signed Will Beatty on Wednesday, keeping their left tackle from reaching unrestricted free agency with a five-year deal worth $38.75M and $19M in guarantees.
With Denver facing another opportunity to come to a long-term agreement with its own left tackle, Ryan Clady, the Beatty signing prompts the following question from reader Bob:
How might the contract Beatty got with the Giants impact what the Broncos should expect to pay for a long-term deal with Ryan Clady?
First, let's examine the details of Beatty's deal. As per the Star-Ledger, the guaranteed portion of his contract includes a $12.5M signing bonus, his 2013 and 2014 salaries, and a sliver ($650K) of his 2015 salary.
The average annual value (AAV) of the contract is $7.75M, which is currently the ninth-highest such figure among offensive tackles.
Philly's Jason Peters ($10,109,500) and Joe Thomas ($10,062,500) sit atop that list; Clady recently said he'd like to be paid like the two of them.
Of course, as we've always noted here, AAV means little compared to guarantees in NFL contracts; the guaranteed figure in Thomas's deal was a whopping $44M, while Peters got $25M.
Worth noting is that Peters signed his deal in April 2009, while Cleveland locked up Thomas following resolution of the 2011 lockout.
All along, our (un)educated guess has been that Clady would be seeking around $40M in guarantees as part of a long-term deal. The offer he turned down last year reportedly contained $28M in guarantees.
As for performance, let's see how Beatty and Clady compare according to PFF's grades and statistics.
Per PFF, Clady graded out at +26.9 (fourth in the league), with seven penalties, one sack, six QB hits, and 15 hurries tallied against him.
Beatty earned a comparable +22.3 grade (12th), with 11 penalties, three sacks, zero QB hits, and 22 hurries.
The gap between those figures isn't particularly large, but Clady also played a lot more snaps than Beatty did (1,141 versus 967).
If we add up penalties, sacks, hits, and hurries for each player, and come up with a corresponding rate based upon number of snaps played, we get a 2.54% for Clady, and 3.72% for Beatty.
That's a pretty significant difference, as Beatty tallied negative marks 46.5% more often than did Clady in 2012.
Ultimately, it's our guess that Beatty and his contract won't really come into play when the Broncos and Clady are negotiating. Clady, a three-time Pro Bowler and two-time All-Pro, is simply operating at a different level than Beatty.
Clady is still going to be benchmarking his demands off the deals of Thomas and Peters, and at this point, we don't see any reason why he's not justified in doing so.