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Packers still have plenty of salary-cap room after Martellus Bennett deal

GREEN BAY, Wis. -- Jared Cook says he did not turn down a deal from the Green Bay Packers. Whatever happened between the two sides, they moved on after Martellus Bennett signed a three-year, $21 million contract on Friday.

The 30-year-old free agent tight end received $6.3 million guaranteed -- all in the form of a signing bonus. His $7 million average per year ranks 13th among all tight ends, according to ESPN Stats & Information.

It could turn into a one-year deal if the Packers don’t pay his $2 million roster bonuses in March 2018.

Bennett’s salary-cap charge is lowest in the first year. According to ESPN Stats & Info, the Packers still have slightly more than $29 million in cap space available for this season.

Here’s a year-by-year breakdown of the contract:

2017

  • Cash value: $8.05 million

  • Salary cap charge: $3.85 million

  • Signing bonus: $6.3 million

  • Weekly roster bonus: Up to $600,000 ($37,500 per game active)

  • Workout bonus: $250,000

  • Base salary: $900,000

2018

  • Cash value: $6.45 million

  • Salary cap charge: $8.55 million

  • Offseason roster bonus: $2 million (due the third day of the league year)

  • Weekly roster bonus: Up to $600,000 ($37,500 per game active

  • Workout bonus: $250,000

  • Base salary: $3.6 million

2019

  • Cash value: $6.5 million

  • Salary cap charge: $8.6 million

  • Weekly roster bonus: Up to $600,000 ($37,500 per game active)

  • Workout bonus: $250,000

  • Base salary: $5.65 million