The #Saints gave WR Jarvis Landry a 1-year deal with a base value of $3M, source said. He can earn another $3M in incentives, mostly based on individual stats. A good value option for New Orleans, while Landry gets his 1-year deal that allows him to get paid again if he produces.
— Ian Rapoport (@RapSheet) May 16, 2022
Wow: NFL Network’s Ian Rapoport shared details of the New Orleans Saints’ one-year contract with wide receiver Jarvis Landry, which brought the five-time Pro Bowler home for just $3 million. Landry can double his money a number of incentives written into his contract for individual performance (hitting various thresholds for catches, yards, and so on), but this is still a surprisingly low figure.
Landry was reportedly seeking the $20 million per-year average that some receivers found in free agency back when the Cleveland Browns first released him, even firing his agent when those offers didn’t emerge. So for him to sign with New Orleans at a fraction of his initial asking-price is remarkable. Maybe some of that is due to Landry taking a hometown discount, but the bigger factor is almost certainly how little interest he received from other teams after hitting the market.
Hopefully Landry does well enough to maximize his value. From the Saints’ perspective, they just made a low-cost move to bring in a player with plenty of hides on the wall and who is going to be pushing their top draft pick for targets each week. Michael Thomas is still top dog, but having Landry and Chris Olave in clearly-defined roles as receivers working out of the slot and out wide, respectively, should do a lot to make Jameis Winston’s life easier.
