Heading into the offseason, there was uncertainty surrounding the future of Miami Dolphins left tackle Terron Armstead in the NFL.
While retirement was a possibility, Armstead ultimately opted to sign a revised contract with the Dolphins on March 10, rather than retire. The details of this contract were disclosed on March 17.
According to Spotrac’s Michael Ginnitti, Armstead inked a three-year deal worth $38.63 million, which reduced his 2024 salary cap hit by $10.3 million. Additionally, he secured $10.1 million fully guaranteed for the 2024 season.
Although Miami could release Armstead after June 1, 2025, saving $14.3 million according to Over the Cap, this new three-year deal suggests that the Dolphins have likely secured him as their veteran left tackle for at least another two seasons.
While potential factors like injury or performance could alter this arrangement, it’s probable that Armstead has committed to remaining with the Dolphins for the foreseeable future, aligning with the team’s championship aspirations during the Tyreek Hill/Jalen Ramsey era.
Examining the specifics of Armstead’s new contract, there’s a notable increase in his salary cap hit for the 2025 and 2026 seasons, assuming no further adjustments are made.
In 2024, his base salary is significantly lower, resulting in a cap hit of $10.554 million. However, this figure rises to over $22.1 million in the subsequent two seasons, reflecting higher base salaries.
Despite the adjustments, the final two years of Armstead’s contract remain consistent with his original five-year deal. He accepted a $4.25 million pay cut in 2024 while receiving $10 million in guaranteed salary. The renegotiation included a $7.29 million signing bonus and reduced his 2024 cap charge by $10.29 million.
This revised contract extends Armstead’s tenure with the Dolphins through his age-35 season.
In other Dolphins news, the team stands to gain multiple compensatory draft picks in 2025 due to free agent departures. According to projections by Over the Cap, Miami could receive three comp picks, with former players like Christian Wilkins and Robert Hunt likely netting the team two third-round compensations, reflecting their development from draft picks to significant contributors in the NFL.
