Jaguars and Tight End Evan Engram Agree to Three-Year Deal

In a significant move for the Jacksonville Jaguars, the team has reached an agreement with franchise-tagged tight end Evan Engram on a new three-year contract. The deal, which replaces Engram’s previous one-year tender, was finalized on Sunday and the terms have now been disclosed.

According to a source familiar with the contract, here are the full details of the agreement:

1. Signing bonus: $12.5 million
2. 2023 base salary: $2 million, fully guaranteed
3. 2023 per-game roster bonuses: $500,000 total
4. 2024 option bonus: $7.5 million, fully guaranteed at signing
5. 2024 offseason workout bonus: $500,000
6. 2024 base salary: $2 million, fully guaranteed at signing
7. 2024 per-game roster bonuses: $500,000 total
8. 2025 offseason workout bonus: $500,000
9. 2025 base salary: $14.75 million, with $1.5 million becoming fully guaranteed in 2025
10. 2025 per-game roster bonuses: $500,000 total

Additionally, the contract includes $250,000 per year in available incentives. The new three-year deal ensures that Engram will earn $24 million, which is guaranteed upon signing. This is a significant increase from the $11.345 million he would have earned if he had played under the franchise tag. In 2024, Engram would have made $13.614 million under the tag.

While the contract provides Engram with enhanced security, it also gives the Jaguars the option to retain him for the 2025 season if they choose. The team essentially holds an option for the third year, with a total payout of $15.75 million.

This agreement represents a strategic move for the Jaguars, as they secure one of their key offensive assets for the foreseeable future. Engram, known for his athleticism and pass-catching abilities, will be a crucial component of the team’s offensive schemes.

The deal not only rewards Engram for his impressive performances on the field but also provides the Jaguars with flexibility in managing their salary cap. By spreading out the contract over three years, the team can allocate resources to address other areas of need while maintaining stability at the tight end position.

Engram’s presence on the roster will undoubtedly contribute to the development of the team’s young quarterback, providing him with a reliable target in key situations. As the Jaguars continue their rebuild, the signing of Engram sends a message that they are committed to building a competitive roster.

Overall, this contract agreement between the Jaguars and Evan Engram marks an important milestone for both the player and the franchise. Engram’s talent and potential combined with the team’s investment indicate a shared optimism for the future.