What is Terence Steele Contract as of 2023?

Last Modified Sep 6, 2023 06:18 GMT
Terence Steele
Terence Steele

Terence Steele is a native of Texas having been born in the city of San Antonio and plays his football in the same state. Steele is an offensive tackle who went undrafted in the 2020 NFL Draft but was picked up by the Dallas Cowboys and he has been there since his rookie year. He plays the right tackle position for the Cowboys and has blossomed in the league despite being undrafted just a few seasons ago.

Born in 1997, the 26-year-old attended Byron P. Steele High School and got the starting position as a left tackle in his senior year. He was considered as a three-star recruit with several quality players ahead of him in his position. After finishing high school, he decided to attend Texas Tech University to continue his academics and football career. At Texas Tech, he got a chance to play alongside Patrick Mahomes.

In 2020 Steele entered the NFL and has been a dominant force on the Cowboys' o-line helping to protect their quarterbacks. Over the three seasons he has played in the league, the former Red Raider has fit seamlessly with the Cowboys system which has now earned him a huge contract extension.

Terence Steele Contract Breakdown

Terence Steele signed his new five year deal with the Dallas Cowboys in September 2023 worth $86.8 million. Below is the breakdown of his current contract.

ContractSigning bonusAverage SalaryGTD at signTotal GTD
5 yr(s) / $86,800,000
$17,360,000
$50,000,000

How much is Terence Steele getting paid?

Steele signed an extension of $86.8 million for five years and with his previous one year deal for the 2023 season worth $4,304,000 million, he is set to earn roughly $91.8 million by the end of the 2028 NFL season. Although this is quite a big contract for a right tackle given the fact that he was an undrafted player, Steele has been very impressive on the Cowboys o-line. Yet, it is not even one of the biggest contracts for the position so it seems that everything has worked out well for both sides.

When this contract kicks in from next year, Steele will be earning around $17.3 million on an annual basis. When speaking with the media after his extension, the current Cowboys starting tackle expressed his desire to first take care of his family as they have been a constant support system for him and have been by his side all these years.

How much does Terence Steele make in a minute?

With his current one year deal worth a little over $4 million, Steel is bagging approximately $8 per minute. By next year, however, his per-minute earnings will increase significantly as his contract extension will take effect. He will be paid approximately $33 per minute.

How much of Terence Steele’s contract is guaranteed?

NFL contracts are not as simple with regards to guaranteed money as say some of the other top leagues in the United States such as the NBA. NFL players generally receive guaranteed money as part of contract bonuses, and in particular signing bonuses. Having said that, Steele’s contract extension will see him earn $50 million as guaranteed money.

Terence Steele’s contract history

In 2020, Steele signed his rookie contract with the Cowboys. As Steele was undrafted, he received a three year deal worth $2,295,000. This deal included a $10,000 signing bonus and also has the same amount in guaranteed money. His average annual salary was $765,000.

ContractSigning bonusAverage salaryGTD at signTotal GTD
3 yr(s) / $2,295,000$10,000$765,000$10,000$10,000

For the 2023 season, Steele signed a one year deal with the Cowboys which is worth $4,304,000.

ContractSigning bonusAverage salaryGTD at signTotal GTD
1 yr(s) / $4,304,000
$4,304,000

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FAQs

A. Terence Steele is the right tackle for the Dallas Cowboys. 

A. Terence Steele went undrafted in the 2020 NFL Draft. He was later signed by the Cowboys.

A. Terence Steele signed a five-year contract extension worth $86.8 million. He will earn around $17.3 million annually and has a $50 million guarantee. 

A. The Cowboys' right tackle Terence Steele is 6 feet 6 inches tall and weighs 320 lb. 

A. Terrence Steele attended Texas Tech University where he played offensive tackle for the Red Raiders football team. 

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