Originally posted on Waiting For Next Year  |  Last updated 3/15/12

When Mike Holmgren stated that sometimes it is good for both sides to have a fresh start, he really meant it. Right or wrong, there should be no question going forward just how little the Browns wanted Peyton Hillis back. The Chiefs got themselves a really good speculative bargain in their reported 1-year $3 million deal.

Per a source with knowledge of the contracts, Hillis receives a fully-guaranteed base salary of $1.4 million, along with a $1 million fully-guaranteed roster bonus that comes due over the weekend.

The only fluff comes from $400,000 in per-game roster bonuses.  If he has, say, strep throat and can’t play in a given game, he won’t earn $25,000.

PFT are the masters of getting down to business when it comes to NFL contracts. The good news for Hillis is that $2.6 million of the $3 million is guaranteed. The bad news is that it is a far cry from the offer the Browns reportedly offered to Hillis during this past season.

Remember that Tony Zarella reported the Browns wanted to sign Hillis to a 3-year deal guaranteeing $3 million, but dangling as much as $16.5 million total in front of him. Granted those incentives could have been hard to earn, but it sure sounds better.

Just goes to show how much the Browns soured on the distracted, injured back.

[Related: Browns offer to Hillis guarantees $3 million]

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