The details of Brent Grimes' contract are in and, predictably, the sides answered the issue of the player's age, which will be 31-years-old when the 2014 season begins, by basically splitting the baby.
King Solomon would be proud.
The Dolphins make a strong commitment to Grimes the first two years of the four-year, $32 million deal that includes $16 million in guaranteed money.
Grimes gets a $6 million signing bonus that is guaranteed and $10 million of his base salaries the first two years are fully guaranteed. Those base salary numbers are $2.475 million and $8.475 million. In the second year, only $7.525 million is guaranteed.
So Grimes is going to make $17 million the next two seasons and $16 million of that is fully guaranteed. That makes sense for him because he's assured himself of being around and earning big paydays when he's at his youngest and his play is likely to mirror what it was last season when he went to the Pro Bowl.
The Dolphins, meanwhile, protect themselves from a sudden drop in performance when Grimes hits his 33rd and 34th birthdays because he could easily be cut those two years.
The cap hit for cutting Grimes in 2016 at age 33 would be $3 million ($1.5 million if they designate it after June 1). The cap hit for cutting Grimes the final year of his deal would be $1.5 million. And by cutting Grimes those years the Dolphins would save $8 million in cap space in 2016 (assuming they designate the cut for post June 1 or $6.5 million if they take the $3 million in dead money all in one lump sum.)
The Dolphins would save $5.5 million in cap space in 2017 if they cut the player at any time before the regular season begins.
So, in that regard, the Dolphins are really committed to Grimes for two years.
One more thing: The cap hit for Grimes this season is $4 million. That's less than the cap hit for Grimes last season. And the while the cap hit will climb to $10 million in 2015, the salary cap itself is expected to climb next year for all teams so that will mitigate that pain.
By the way, there's $100,000 in reporting bonuses throughout the life of the contract -- $25,000 every year.
Pocket change, right?
What a world.