According to Mike Garafolo of FOX Sports, the details of the contract that Robert Griffin III received from the Cleveland Browns include the following:
RG3 deal with the Browns: two years, $15 million. Signing bonus of $3.5 million with $6.75 million in total guarantees.— Mike Garafolo (@MikeGarafolo) March 24, 2016
It's not a surprise to see the team stay away from a long-term commitment to RGIII, given the fact that he's only had one solid season as an NFL quarterback. The deal is still lucrative enough to recognize his potential as a former No. 2 overall pick, and a player who this franchise so dearly coveted under Mike Holmgren in 2012 before the Rams-Redskins trade shattered their hopes.
If RGIII is able to resurrect his career in Cleveland, where he has a legitimate opportunity to start in year one, his contract has incentives included that could max out his deal at $11 million a year. At this time, it's not clear what those incentives are.
Griffin's deal has $7 million in incentives. So $22 million over 2 years is max value. Browns made a solid commitment here.— Mike Garafolo (@MikeGarafolo) March 24, 2016
Garafolo also notes that RGIII is due a roster bonus of $750,000 on the third day of the 2017 league year. So, if the Browns draft a quarterback at No. 2 overall, which they still very well may, the team will have the option to cut bait with him, having only paid him $6.75 million for one year's worth of work.