Zack Martin: 10 Crazy Things to Know About His Monster Contract Extension
Zack Martin, the All-Pro right guard, and the Cowboys have agreed to a new 6-year contract extension worth a reported $84 million. Take that extension and add it to the amount he was already scheduled to receive in 2018 ($9.341 million) and Martin’s monster new deal is worth seven years and $93.41million.
How does that amount stack up to other monster contracts in Cowboys history? And what in the heck could you do with $93.41 million for seven years of work?
Yeah, yeah. We know he won’t get that full amount because of stuff like taxes and fees for his agent and union dues, etc. But let’s take the pre-tax amount go $93.41 million and have some fun.
Here are 10 Crazy Things to Know About Martin’s Monster Deal:
1. If Martin received $93.41 million in cash instead of direct deposit, specifically in $1 bills, the stack of $1 bills would reach 33,441 feet into the air. Basically, that’s as high as the cruising altitude of the American Airlines plane that the Cowboys will take to Training Camp and to road games. That’s 6.3 miles high!!!! If a skyscraper were that tall, it would have over 21,000 floors (a very long elevator ride!).
How did we reach that number? We Googled it. According to ehd.org, a $1 bill is .0043 inches high. So, one million of those bills is 43,000 inches (the equivalent of 358 feet). Take the 358 feet for a million dollars, and multiply by 93.41, and you get Martin’s really high stack of cash.
2. Martin plays right guard. He knows a lot about right guard. And with $93.41m, he could buy 26,919,308 sticks of Right Guard deodorant. And not the cheap Right Guard sticks. Since he’s a rich guy now, we’ll have him splurge on the Right Guard X-Treme which retails on Walmart.com at $3.47.
3. Martin is a great guy and we know that he’s grateful to Cowboys Nation for their support over the years. If he wanted to go on-line to the Cowboys Pro Shop and customize a #70 Martin jersey, the total of $93.41 million would purchase jerseys for 814,243 fans. That covers the jersey ($99) plus taxes and shipping ($114.72 total).
4. Even before agreeing to a contract extension, Martin was slated to earn more this coming season ($9.341m) than his first four NFL seasons combined ($8,967,800).
5. By spending massively on a contract extension for Martin, the Cowboys are actually saving money on this year’s cap. In fact, Martin’s deal reportedly shaves $3 million off their 2018 salary cap. Huh? You agree to pay a guy an extra $84 million for an extra six seasons, and you save money this year? Why does that math not work when I’m trying to pay my credit card bills?
6. Martin’s $84m extension includes $40m guaranteed. His signing bonus is a reported $20m. That’s more than the total amount of signing bonuses that Emmitt Smith earned in 15 NFL seasons (including his final two years with the Arizona Cardinals). Emmitt’s NFL career cash earnings totaled $61.275m with $18m in signing bonuses (source: Spotrac.com).
7. Even by agreeing to a new deal, Martin is still not the highest paid offensive lineman on the team. Left tackle Tyron Smith is slated to count $17.545m versus the 2018 salary cap. Smith has 6 years remaining on his 8-year, $97.6 million extension.
8. The Cowboys have 3 All-Pros on their offensive line (Martin, Smith, and Travis Frederick), and it costs a lot of money to get those guys signed to long-term deals. The Cowboys have the highest paid offensive line in the NFL. According to Spotrac.com, the Cowboys currently have $47.33m in salary cap space for the coming 2018 season. That’s 26.6% of their cap. That’s a very high percentage for one position group. But it’s not as high as the Atlanta Falcons who currently have 28% of their 2018 salary cap allocated to their o-line.
9. Martin plays guard, and so did Larry Allen, arguably one of the greatest players in NFL history. Allen is not only a Dallas Cowboys Ring of Honor member, he’s a Pro Football Hall of Famer. Back in 2002, Allen signed a monster extension of his own. It was $37m and included a $12.3 million bonus.
During that 2002 season, Allen was the third highest paid player in the NFL in “actual total salary” (source: NFLPA; includes signing bonus, roster bonus, base salary, incentives, workout bonuses, etc.). Allen’s $13.002m in 2002 trailed only QB Donovan McNabb (Eagles, $15.38m) and RB Curtis Martin (Jets, $13.5m).
Fast-forward from Larry Allen’s high salary (for a guard) in 2002 and look at the high salaries in 2018. The Top 5 cash rankings for the 2018 season are mind-boggling: QB Jimmy Garappolo (49ers, $42.6m), QB Alex Smith (Redskins, $40m), QB Matt Ryan (Falcons, $29.25m), QB Drew Brees (Saints, $27m), and (tie for 5thplace) CB Trumaine Johnson (Jets, $26m) and QB Kirk Cousins (Vikings, $26m). (source: Spotrac.com)
10. Let’s go back to the fun part of $93.41m…spending it. If we had that amount of money to invest in real estate, the average list price of a condo in Trump Tower condo on Fifth Avenue in New York City is $4.731 million (source: DE Analytics). We could buy 19 ½ condos inside Trump Tower that price. Yeah, it’s a high amount of money, but according to the Web site, that includes a 24-hour valet, maid & concierge service, a parking spot in the garage, and access to the fitness center and resident lounge.