The details of the Jared Allen deal leaked out not too long ago, and he (along with his agent, Ken Harris of Optimum Sports Management) seems to have structured the deal in a way that’s extremely optimistic about his likelihood of landing a new contract.
In many ways, it’s a “team-friendly” deal. The first two years are fully guaranteed, and he only has a base salary of $3,000,000 in the first year. After that, his base salary drops to $1,000,000 but he has a fully guaranteed roster bonus of $11,500,000. In effect, they’ll have him for two years at $16,500,000 but bear the brunt of the cap hit in the second year.
Jared really hurt himself with this deal.