With little to report on in the opening hours of free agency from the Packers (which should surprise no one), now seems like a good time to break down Sam Shields contract details. On Saturday the Packers locked down one of their most valuable players in the secondary by re-signing him to a 4 year, $39 million dollar deal with a $12.5 million signing bonus.

While this may seem like a crazy amount for a top 15 cornerback, it is actually a deal which offers good value to both Shields and the Packers. The Journal Sentinel reports┬áthat the first 2 years of the contract will only have a cap hit of $5.5 million this year, and $9.1 million next year. If the Packers decide to part ways with him after 2015 they’d only be on the hook for about $6.25 million in dead money. Not bad value considering that Shields is an ascending player and has been relatively healthy throughout his career. With the cap expected to jump up to $160 million by 2016, they could easily afford to keep Shields for the duration of his contract if he continues to improve.