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Posted: Wednesday, 12 March 2014 10:53PM

Carpenter's contract with Bills: 4 years, $9.95M

(WGR 550) -- When the free agent market opened up on Tuesday at 4 pm, the Buffalo Bills' first order of business was to re-sign one of their own. The team made the announcement Tuesday that kicker Dan Carpenter would be in Buffalo for 2014 at least, making his extension known to the general public.

With the help of a league source, the numbers of that contract are now out there. Carpenter's new four-year contract is worth a total of $9.95 million if he continues to play through the end of the deal. Only $2.15 million of the contract is guaranteed, and that was paid up front to Carpenter as his signing bonus.

This gives the Bills some flexibility, and a decision to make after the 2014 season as well. If they were to release Carpenter after only one year of the deal, they wouldn't owe him a single cent. The only ramifications they would have is to pay the rest of the prorated $2.15 million signing bonus over the remaining three years.

If that scenario happened and they chose to lop it off their salary cap in that individual year, it would cost them a total of $1,612,500. If they elected to prorate it over the three years, it would be an annual cap hit of $537,500.

The decision the Bills will have to make comes in the form of a roster bonus due to Carpenter on the seventh day of the new league year in 2015. He's owed $500,000 if still on the roster that day.

Essentially, Dustin Hopkins' fate with the Bills isn't sealed just yet. But it seems as though it is for 2014 at least.

Carpenter's cap hits per season are as follows: $1,812,500 in 2014, $2,362,500 in 2015, $2,837,500 in 2016 and $2,937,500 in 2017.

Twitter: @JoeBuscaglia

All photos courtesy of AP
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