We are currently in the middle of the NFL offseason. It’s been just over a month since the Super Bowl, where the Philadelphia Eagles knocked of the New England Patriots. The offseason in the NFL is when deals are made and players get paid. Right now a player everyone has their eyes on is Kirk Cousins. Cousins is a six year veteran in the NFL with all six of those seasons being spent with the Washington Redskins. The Redskins drafted Kirk 102 overall in the 2012 NFL draft. He played out his initial four year contract and has since accepted and played out two additional single year contracts. Last year Cousins made close to $24 million leading the team. The salaries from his previous two seasons have given rise to Kirk Cousins net worth which currently sits at $18 million.
Cousins, 29, was a three year starter in college for the Michigan State Spartans. He wasn’t a highly touted recruit coming out of high school or college and slipped into the fourth round of the 2012 NFL draft. When Cousins was drafted by the Redskins, he signed an initial deal valued at $2.5 million for four years. This is a typical offer for someone who gets drafted in the fourth round where he did. However, impressive play led the Redskins to do something that isn’t very common in the NFL. Instead of working on a multi-year contract extension with their QB, Washington decided to give him not one, but two one-year extensions. These extensions meant that if Cousins wanted a big payday he would have to play well. It also meant that the Redskins weren’t committed to a quarterback if he didn’t perform at a high level.
Kirk Cousins has been the starting quarterback for the Redskins for the past three seasons. His numbers over that time have been quite impressive. In each of those three seasons he has thrown for at least 4,000 yards, 25 touchdowns and has maintained a passer rating of at least 93. His consistent play has made him attractive to many teams this offseason. The Redskins have missed their chance to sign the QB to a long term deal, thus he is now looking on the free agency market. With very big recent contracts being negotiated for quarterbacks, Cousins could possibly be looking at a four or five year deal that would pay him approximately $25-$29 million in average annual salary.
In the very near future, Kirk Cousins net worth will see a major boost. His new contract will likely come with a large signing bonus that will sharply increase his net worth. We can conservatively expect Kirk Cousins net worth to increase to at least $50 million over the next few years. Even with this new found wealth, some might wonder if he will ever upgrade his van that he purchased years ago from his grandmother. With his frugal mentality and top-notch ability to lead an NFL team, a big payday and a big net worth are in Kirk Cousins immediate future.
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James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.