The Dolphins have signed standout cornerback Xavien Howard to an extended contract after speculation that a new contract was in the works. The deal is five years long and contains $50.7 million in extra money, according to NFL Network’s Mike Garafolo (on Twitter).
Howard will be paid slightly over $25.3 million, according to our sources. That number, according to his representative, is a new high for the freshest money gained by a player signing a reworked contract. Howard’s previous contract has three years and $39.3 million left on it, meaning he’ll be on the books for the next five seasons at the cost of $90 million.
Meanwhile, according to our sources, the new deal features the largest amount of guaranteed money ever granted to a corner (Twitter link). Before the start of last season, the 28-year-old agreed to a restructured contract, which he then reworked a second time in November. As Yates points out, such actions were made with the expectation of a longer-term contract (and, with it, a significant rise) coming soon. That time has unquestionably arrived. During an All-Pro 2020 campaign, the three-time Pro Bowler has totaled 27 interceptions and 71 pass deflections in six seasons with Miami, leading the league in both categories.
According to a source close to the situation, Howard is the first cornerback whose compensation for five seasons is totally guaranteed. He also holds the distinction of being the first player to have a contract reworked with four, and now three, years left on it when he signed it. This is the Dolphins’ second significant financial move in regards to their CB combo. Other notable additions to Miami’s roster this offseason include Tyreek Hill and Terron Armstead.
With Howard in the fold long-term, the backend of their defense will remain the team’s strength for the foreseeable future.