Roger Goodell has signed a five-year contract extension to remain commissioner of the NFL through 2024.
ESPN NFL Insider Adam Schefter reports that Goodell’s new contract is worth $200 million over the life of the contract — about $40 million annually — if all the bonuses and incentives are met.
According to Schefter, the base salary of the new contract is in the seven-digit range. Roughly 85 percent of the total potential compensation package is from bonuses, which would be subject to ownership approval and validation.
Prior to signing the extension, his contract would have expired after the 2019 season.
A memo from the NFL’s compensation committee to team owners — which was obtained by The Associated Press — confirmed that Goodell and committee chairman Arthur Blank, who is the owner of the Atlanta Falcons, have signed the extension.
“Our Committee unanimously supports the contract and believes that it is fully consistent with ‘market’ compensation and the financial and other parameters outlined to the owners at our May 2017 meeting, as well as in the best interests of ownership,” the letter said. “… We are pleased to report that there is a nearly unanimous consensus among the ownership in favor of signing the contract extension now.”
Goodell’s extension has been a source of controversy because Dallas Cowboys owner Jerry Jones objected to the process. All 32 owners approved in May the compensation committee’s power to negotiate and sign a deal with Goodell, who replaced Paul Tagliabue in 2006.
Jones, who isn’t a member of the six-person committee, had wanted an even more incentive-based contract for Goodell, citing in part the commissioner’s inability to quell player protests during the national anthem. Jones at one point threatened to sue his fellow owners over the matter, a stance he has since dropped.
The dispute between the commissioner and Jones stems from Goodell’s decision to suspend Cowboys running back Ezekiel Elliott, who had been accused of domestic violence by a former girlfriend. The player received a six-game ban, though no charges were filed.
Goodell’s salary was about $32 million in 2015, the last year for which compensation for top league officials was made available in a tax filing. The league’s central office in 2015 became a taxable entity, meaning the league no longer had to disclose the salaries of top executives.