The eye-watering amount of money that American football star Aaron Rodgers will earn at the Pittsburgh Steelers has been broken down.
The 41-year-old quarterback agreed to join the Steelers on a one-year deal just last weekend and he will be well compensated for doing so.
His base salary for the upcoming season will be $13.65 million, with $10 million of that already fully guaranteed.
But the NFL star can earn even more through bonuses included in his new contract.
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It is believed if he hits all six incentives, he will paid an additional $5.85 million, which would bring the total contract value up to $19.5 million.
Importantly for Rodgers, he must play at least 70% of the Steelers' offensive snaps throughout the regular season to be eligible for the extra money.
Given his age, it is not guaranteed that he will have that much game time, but it is a hefty incentive for the four-time NFL Most Valuable Player.
How much is Rodgers' contract broken down?
Starting with the base deal, it works out at $37,397.26 each day.
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That means for every hour of the next year, he will make more $1,500, which is roughly $26 every minute.
The numbers start become even more staggering if Rodgers hits all the incentives.
Every day he would pocket $53,424,66, which is more than $2,200 every hour, therefore making $37 every minute.
It must be noted that these calculations are before tax deductions and given the size of his contract, most of his money would be taxed at the top federal income tax rate of 37%.
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What are the bonuses in his contract?
There are six performance-related incentives through which he can make more money.
If he is named the Associated Press MVP he will make $1.5 million.
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He will also earn $1.5 million if he leads the Steelers to a Super Bowl triumph, but he must be involved in more than half of the game's snaps.
The requirement to play more than half of the snaps also applies to the next three bonuses.
They are: $1 million for winning the AFC Championship, $750,000 for winning the divisional round and $600,000 for reaching the divisional round.
There is also a $500,000 bonus for making the playoffs.
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These performance-related bonuses provide Rodgers with significant incentives.
If he spearheads the Steelers to a Super Bowl triumph, Rodgers will be nearly $6 million richer as a result.
The quarterback will be desperate to add to his sole Super Bowl ring, which he won in 2011 with the Green Bay Packers.
Topics: NFL, Super Bowl
James Taylor