Jackson lawsuit resolved
D. Orlando Ledbetter of the AJC reports that the lawsuit between Falcons defensive tackle Grady Jackson and the organization has been resolved. However, the Falcons themselves declined to comment on any specifics.
As part of the resolution it seems that Jackson received a one-year contract extension. He signed a three-year contract with the Falcons last summer and had $3 million in base salary due to him over the next two seasons. That base salary has not increased, as he will have $1 million base salaries in each year through 2009, but it is unknown if any additional signing bonus was given to him.
Update: According to Pro Football Talk.com, Grady Jackson received roughly $4.5 million in extra money as part of his contract extension.
He received a $250,000 signing bonus as part of his one-year extension and will is set to receive a $250,000 roster bonus on September 7, the Friday before the start of the regular season. He is set to receive two more roster bonuses of $2 million each at the start of both the 2008 and 2009 seasons, due in March. There also exists $1.25 million escalator provision that could be added to his future base salaries of $1 million in each 2008 and 2009.
Based off this information, Grady is set to have a cap figure of $1.375 million this year, somewhat of a reduction considering that he was set to earn $1.5 million alone in base salary based off his old contract. If the 2008 and 2009 roster bonuses are paid, he will have cap figures of $3.125 million in each year, not counting the potential for escalators.