On this fine Easter Sunday, let’s recap some of the news and stories surrounding the Atlanta Falcons over the past week:
The subject of fifth-year options for 2011 first-round picks became a popular subject this week. The Falcons have yet to exercise their option on wide receiver Julio Jones, and have until May 3 to do so.
The fifth-year option will be equivalent to the top 10 salaries for his position group in 2015, which according to ESPN’s Vaughn McClure will give Jones a salary of $10.176 million next year. That money will be guaranteed, but for injury only.
It is very likely that the Falcons will exercise that option. The only reason not to is because they want to sign Jones to an extension before the start of the 2014 regular season. That certainly is a possibility, but unless progress on talks are pretty far along, it really doesn’t hurt the team to still exercise the option in the meantime.
Jones has a cap hit of roughly $5.15 million in 2014, which means that if the option is exercised, he will make around $15.3 million over the next two years, with roughly-two thirds of it guaranteed.
Comparatively, Mike Wallace signed a five-year contract worth $60 million last offseason, with a $27 million payout in his first two seasons, all of which was guaranteed (according to Spotrac.com). It’s certainly possible that Jones could receive substantially more money in his eventual extension from the Falcons. Through the first five games of the 2013 season before his season-ending foot injury, Jones was leading the league in receptions (41) and second in yards (580) behind only tight end Jimmy Graham (593).