Cody Fajardo Salary: The former Nevada quarterback has signed a contract extension with the Canadian Football League’s Saskatchewan Roughriders that will keep him with the club until the 2022 season, the organization said Tuesday. Financial information was given by Justin Dunk of 3DownNation.com, who reported that Fajardo converted a $180,000 roster bonus into a $140,000 signing bonus, which the quarterback would earn immediately. The roster bonus was due on February 1, 2021, which was the first day of the month.
As a result, Fajardo’s hard-money total for the 2021 season has been reduced to $405,000 as a result of the reworking. According to Dunk, the Riders will save around $40,000 in salary-cap space as a result of the contract renegotiation with Fajardo.
Depending on whether or not the CFL returns to action in 2021, Fajardo’s basic pay will be $250,000, with $12,000 in housing money ($2,000 per month from June to November) and a $2,000 travel allowance included in the package. In addition, being selected as a West Division all-star ($2,000), a CFL all-star ($3,000), and the CFL’s most outstanding player ($5,000) earns the player further compensation.
Fajardo’s contract with the team runs until the 2021 season. When his contract with the Riders expires in February 2022, he will be allowed to join another team as an unrestricted free agent.
On Monday, Jeremy O’Day, the Saskatchewan Roughriders’ vice president of football operations and general manager, told reporters that extending Fajardo’s contract was one of his top objectives. According to reports, Fajardo’s reworked contract does not contain an extension.
The 6-foot-2, 215-pounder had a breakthrough season with Saskatchewan in 2019, earning him a spot on the CFL All-Star team and being nominated for the West Division’s Most Outstanding Player award. After Saskatchewan’s starter quarterback, Zach Collaros, was hurt in the opening series of the season, Fajardo was promoted to the starting position. Fajardo was the most productive passer in the CFL, throwing for 4,302 yards and running for 611 yards, and scoring 28 touchdowns.
With Fajardo at the helm, the squad had a 13-5 record and finished first in the West Division for the first time in the franchise’s history (since 1975). Prior to joining the Roughriders, Fajardo played one season with the B.C. Lions and two seasons with the Toronto Argonauts, with whom he won the Grey Cup in 2017. Fajardo also played one season with the Buffalo Bills. The CFL season for 2020 has been canceled due to COVID-19.
While Saskatchewan has not publicly disclosed the specifics of Fajardo’s deal, 3DownNation.com has published an in-depth analysis of the conditions of the agreement. It was reported on that website that Fajardo altered the 2021 component of his deal, changing the $240,000 signing incentive from a $180,000 roster bonus due Feb. 1 to a $140,000 signing bonus.
If the CFL begins to play in 2021, Fajardo’s basic pay would be $250,000, with an additional $12,000 in housing money, a $2,000 travel allowance, and incentives that could bring his total compensation to more than $300,000. If the game is played in 2021, it will cost a bit more than $400,000 for the whole season.
Fajardo made around $150,000 in 2019, including $86,800 in hard cash, per 3DownNation, and collected a $175,000 roster bonus in February 2019, despite the CFL season being canceled due to the COVID-19 pandemic. Fajardo’s two-year extension would pay him more than $500,000 in 2022, according to 3DownNation, making the new pact essentially a two-year deal north of $900,000. After signing a two-year extension with the Roughriders in 2019, Fajardo’s contract with the team was set to expire at the end of the 2021 season.