Colt McCoy Contract: Salary, Cap Hit, Potential Extension

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Arizona Cardinals quarterback Colt McCoy (12) passes against the Denver Broncos during the first half of an NFL football game Sunday, Dec. 18, 2022, in Denver. (AP Photo/Jack Dempsey)
(AP Photo/Jack Dempsey)
BetMGM Staff @BETMGM Apr 01, 2023, 5:29 PM

Colt McCoy, 36,. is entering the final year of his contract.ย 

Colt McCoy Salary

In 2023, McCoy will earn a base salary of $3,750,000, including a signing bonus of $1,250,000.

He inked a two-year, $7,500,000 contract with the Cardinals on March 14, 2022. It included a $2,500,000 signing bonus, with $6,000,000 guaranteed and an annual average salary of $3,750,000.

Colt McCoy Cap Hit

McCoy’s contract will carry a cap hit of $5,000,000 in 2023 while having a dead cap value of $3,500,000.

Colt McCoy Potential Extension

A free agent at the end of the season, McCoy appears to be nearing retirement after a long career. With Kyler Murray’s health in question entering 2023, it seems possible he could see playing time this season and sign a one-year deal with Arizona or elsewhere.

 

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BetMGM Staff

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Our BetMGM authors are sports experts, with a wealth of knowledge of the sports betting industry at all levels. Their coverage includes sports news across players, teams and coaches, providing betting previews and predictions, fun facts and more.

Our BetMGM authors are sports experts, with a wealth of knowledge of the sports betting industry at all levels. Their coverage includes sports news across players, teams and coaches, providing betting previews and predictions, fun facts and more.