CeeDee Lamb (Photo by Tim Nwachukwu/Getty Images)
CeeDee Lamb’s holdout ended on Monday when he signed a four-year, $136 million extension with the Dallas Cowboys. Though Lamb just secured plenty of long-term financial security, his new deal has also put a big smile on the faces of tax collectors.
Per NFL Network’s Ian Rapoport and Tom Pelissero, CeeDee Lamb’s $136 million extension carries $100 million in guaranteed money and a $38 million signing bonus. But like every other honest and hard-working citizen, Lamb must give up much of his income to the tax collectors.
According to Andrew Petcash of Profluence, Lamb will barely take home over half of his $34 million salary. Almost 33 percent of that ($12.6 million) goes to federal taxes, plus $1 million in fees for both the jock tax and Lamb’s agent.
Finally, Lamb will pay $800,000 to the Federal Insurance Contributions Act (FICA) Medicare program, meaning he’ll take home $18.6 million altogether. And that’s still despite playing in a state that doesn’t carry a state income tax.
At any rate, CeeDee Lamb is not about to complain over receiving $18.6 million annually on his contract with the Cowboys. Don’t forget that the 25-year-old also makes plenty of money in endorsement deals, too.
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Lamb’s $136 million extension is also the second-biggest contract for a non-quarterback in NFL history. In June, Minnesota Vikings wide receiver Justin Jefferson set that record by inking a four-year deal worth $140 million.
CeeDee Lamb had a career year in 2024 that saw him catch 135 passes for 1,749 yards and 12 touchdowns. Over his first four years, the 2020 first-round pick has 395 receptions for 5,145 yards and 32 touchdowns.
One Order Of Business Down For Jerry Jones
With Lamb extended, Dallas owner Jerry Jones can now focus on locking up star quarterback Dak Prescott (entering a contract year) and linebacker Micah Parsons to long-term deals.
The Cowboys open their 2024 season on Sept. 8 with a road game against the Cleveland Browns. We’ll see if Jones can get the Prescott and/or Parsons extensions done before Week 1.
