Work in Sports
Running back Davis agrees to long-term extension
ASHBURN, Va. (Ticker) -- One day before the start of the season, the Washington Redskins and running back Stephen Davis have agreed to a long-term contract extension that the team said will make him a "life-long Redskin."
Sports Illustrated's Don Banks was told by a team source that the contract is for nine years and is worth slightly less than $90 million. Davis will receive a signing bonus of $6.5 million. The deal is in essence a three-year, $15.75 million contract, and will likely be restructured at that time. The last six years of the contract are for salary-cap purposes.
Davis' agent, Steve Weinberg, was unavailable for comment. The team said the deal will be signed at a Monday news conference.
As the club's franchise player, Davis must be paid the average of the five highest-paid players at the position. The Pro Bowl running back ended a brief holdout on July 21 when he accepted a one-year tender from the club.
Davis' 1999 salary-cap number was reduced from the $3.52 million he was due to receive under the one-year tender, to about $2.6 million under the new agreement, freeing up $900,000 against the cap for the Redskins this season.
Last year, Davis ran for 1,405 yards and 17 touchdowns despite missing two games due to injury. He averaged 4.8 yards per carry and led the Redskins to their first playoff berth in seven years.
It was Davis' first season as the feature back in Washington's offense. The 1996 fourth-round pick out of Auburn compiled 815 yards and five touchdowns on 198 carries in his first three seasons.
In July, Tennessee's Eddie George signed a six-year, $42 million deal that made him one of the highest-paid running backs, joining the likes of St. Louis' Marshall Faulk and Indianapolis' Edgerrin James.
Sports Illustrated's Don Banks contributed to this report.
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