Terrell Suggs Net Worth, Salary, Contracts, and Financial Growth in 2024

Terrell Suggs has been a dominant force in the NFL for 17 seasons, amassing impressive wealth and career achievements. Today, his net worth reflects his success on and off the field. Explore his financial journey with expert insights from NFL Player Fortune.

Terrell Suggs Quick Facts

What is the Net Worth of Terrell Suggs in 2024?

As of 2024, Terrell Suggs’ net worth is estimated at $80 million, making him one of his era’s wealthiest retired NFL players. Comparing his net worth to other notable NFL players who played during a similar period:

• Julius Peppers: Estimated net worth of $60 million
• DeMarcus Ware: Estimated net worth of $35 million
• James Harrison: Estimated net worth of $12 million
• Dwight Freeney: Estimated net worth of $5 million

Suggs’ wealth surpasses many of his peers, reflecting his lucrative contracts, endorsement deals, and long-lasting impact in the NFL. His Super Bowl victories and endorsements with brands further elevated his financial status. According to estimates, Suggs remains among the Richest NFL Players.

What is the Salary/Income of Terrell Suggs in 2024?

While Terrell Suggs retired after the 2019 NFL season, his career earnings continue to influence his financial status in 2024. Over 17 seasons, he accumulated over $113 million in career earnings, including salaries, signing bonuses, and performance incentives.

Suggs’ most lucrative contract came in 2009 when he signed a 6-year, $62.5 million deal with the Baltimore Ravens, including a $33.1 million guaranteed sum. He was the highest-paid linebacker at the time. His 2019 salary with the Arizona Cardinals amounted to $7 million, which included a $4 million signing bonus.

Even though Suggs no longer receives active NFL salaries, his financial portfolio benefits from earlier investments and endorsements. His strategic earnings have allowed him to maintain an $80 million net worth into 2024, setting him apart from many NFL players of his generation. Suggs is a financial success story, evidenced by his long-standing career and prudent financial choices.

Terrell Suggs Career Earnings: A Deep Dive into His NFL Contracts

Terrell Suggs is one of the most successful defensive players in NFL history, not just for his on-field achievements but also for his impressive financial earnings throughout his career. With a career spanning 17 seasons, Suggs’ contracts and salary payouts reflect his immense value as a player. Terrell Suggs earned over $113.31 million, accumulating substantial wealth through strategic contract negotiations and performance bonuses. Today, we look closer at Terrell Suggs’ career earnings, exploring the contracts that shaped his financial success.

Terrell Suggs Career Earnings Overview

For his NFL career, Terrell Suggs signed multiple lucrative contracts, starting with his rookie contract 2003 with the Baltimore Ravens. His earnings consistently increased as he progressed in the league, culminating in several high-value contracts, including significant signing bonuses and guaranteed money. Suggs’ career earnings peaked during his prime years with the Ravens, where he became the highest-paid linebacker in the league.

At the heart of Suggs’ financial success was his 6-year, $62.5 million contract signed in 2009, which featured $33.1 million in guaranteed payments. This contract established Suggs as a cornerstone of the Ravens’ defense and marked one of his career’s most financially rewarding periods.

Breakdown of Terrell Suggs’ Major Contracts

2003 Rookie Contract: Suggs entered the league with a 5-year, $10.09 million contract after being selected 10th overall in the 2003 NFL Draft. This deal included a $6.25 million signing bonus, setting the foundation for his career earnings.

2009 Ravens Contract: Suggs’ most notable contract came in 2009 when he re-signed with the Baltimore Ravens for 6 years at a total value of $62.5 million. This deal included $14.1 million in guaranteed money and a $4 million roster bonus. The contract made him the highest-paid linebacker in the league at the time, securing his long-term financial stability.

2019 Contracts: Suggs signed one-year contracts with the Arizona Cardinals and Kansas City Chiefs in his final season. His deal with the Cardinals was worth $7 million, including a $700,000 signing bonus and $4 million guaranteed money. Although his time with the Chiefs was brief, he earned $3 million for the remainder of the 2019 season, helping the Chiefs win Super Bowl LIV.

Salary Breakdown by Season

Let’s look at his salary progression to better understand Suggs’ financial journey. Early in his career, during his rookie season, Suggs earned a $1.1 million base salary. However, his earnings increased significantly as his performance on the field solidified his status as one of the NFL’s top defenders.

• 2009-2010: During the early years of his 2009 contract, Suggs earned $15.1 million in 2009, followed by a whopping $24.9 million in 2010, his highest cash payout in any given year.
• 2013: In 2013, Suggs’s highest cap hit was $13.02 million, reflecting the significant investment the Ravens made in him.
• 2019: In his final season, Suggs earned $3 million from the Chiefs and $6.65 million from the Cardinals, including dead money.

Cap Impact and Dead Money

As one of the most valuable players on the Baltimore Ravens, Suggs had a significant cap impact during his prime years. His 2009 contract came with high cap numbers, peaking in 2013 with a $13.02 million cap hit, representing 10.5% of the Ravens’ total salary cap that year.

In 2019, after being released by the Arizona Cardinals, Suggs’ contract resulted in $6.65 million in dead money, reflecting the guaranteed portions of his contract that still impacted the Cardinals’ cap after his release.

Cash Flow and Performance Bonuses

Suggs’ total cash earnings throughout his career amounted to over $108 million, with some of his most significant payments coming from performance bonuses and signing bonuses. 2010, for example, Suggs received a $6.62 million signing bonus, contributing to his $24.9 million payout that year.

Additionally, Suggs’ contracts often included performance-based incentives, such as bonuses tied to sack numbers and playoff appearances. These incentives further boosted his annual earnings, ensuring that his performance on the field translated into financial rewards.

Guaranteed Money and Signing Bonuses

Throughout his career, Suggs earned $52.53 million in guaranteed money. This guaranteed money, particularly in his 2009 contract, was crucial to securing his financial future, even in seasons affected by injuries. Suggs’ most significant signing bonus came in 2010 when he received $6.62 million in his Ravens contract.

Over the years, Suggs accumulated $23.1 million in signing bonuses, which is pivotal in his overall career earnings.

Terrell Suggs’ Legacy and Financial Impact

Suggs’ impressive earnings were closely tied to his performance on the field. His 139 career sacks and two Super Bowl victories made him one of the most marketable players in the league, contributing significantly to his contract value. By remaining a consistent force throughout his career, Suggs could negotiate contracts that reflected his immense value as a player.

Off the field, his strategic contract structures, which included high guarantees and bonuses, ensured Suggs’ financial stability. As a result, Suggs is likely to remain financially secure well into his retirement, with a net worth estimated at $80 million.

Overview of Terrell Suggs

Terrell Suggs, widely known as “T-Sizzle,” is one of the most dominant defensive players in the NFL’s history. Standing at 6’3″ and weighing 260 lbs, Suggs made a name for himself as an outside linebacker and defensive end, terrorizing quarterbacks with his exceptional pass-rushing abilities. Throughout his 17-season career, Suggs earned multiple accolades, including two Super Bowl titles, seven Pro Bowl selections, and the prestigious NFL Defensive Player of the Year award in 2011.

Suggs’ legacy is closely tied to his time with the Baltimore Ravens, where he became the franchise’s all-time leader in sacks, amassing an incredible 139 career sacks. His journey, marked by consistent performance and leadership, extended to the Arizona Cardinals and Kansas City Chiefs, where he concluded his career with a Super Bowl LIV victory in 2019. Beyond his on-field success, Suggs’ earnings, investments, and strategic contract negotiations have left him with an estimated net worth of $80 million, making him a standout figure in both football and financial success.

Early Life

Born on October 11, 1982, in Minneapolis, Minnesota, Terrell Raymonn Suggs grew up in a sports-oriented family. His parents, Donald Suggs Sr. and Lavern Suggs encouraged his athletic development from a young age. Suggs spent his early years playing football in St. Paul, Minnesota, where he first showcased his talent as a center, playing alongside future baseball star Joe Mauer.

After moving to Arizona, Suggs attended Chandler High School and later transferred to Hamilton High School, where he excelled in football, basketball, and track. His stellar football performance, particularly as a defensive lineman, helped him set the Arizona Class 5A record for rushing yards in a game. By the time he finished high school, Suggs had earned several prestigious awards, including Gatorade Arizona Player of the Year and USA Today’s Arizona Player of the Year, solidifying his path toward a future in professional football.

College Career

Suggs’ college journey took him to Arizona State University, where he played for the Arizona State Sun Devils from 2000 to 2002. While at ASU, Suggs established himself as one of the most formidable defensive players in college football. His ability to disrupt offenses and consistently pressure quarterbacks set him apart from his peers.

In 2002, Suggs had a standout junior season, breaking the NCAA single-season sack record with an astounding 24 sacks. This remarkable achievement earned him numerous accolades, including first-team All-Pac-10 honors and the Pac-10 Defensive Player of the Year award. His dominance on the field also led to his recognition as a unanimous first-team All-American.

Suggs’ college career laid the foundation for his future success in the NFL. His athleticism, fierce determination, and work ethic made him a highly sought-after player in the 2003 NFL Draft.

College Statistics

While at Arizona State, Suggs put up impressive numbers showcasing his ability to make game-changing plays. His college statistics include:

• Tackles: 163 total tackles
• Sacks: 44 sacks (including an NCAA record 24 sacks in 2002)
• Forced Fumbles: 14
• Interceptions: 2
• Pass Deflections: 9

These numbers highlight Suggs’ exceptional talent and his versatility as a defensive player capable of impacting multiple facets of the game. His 44 sacks in three seasons remain one of the most impressive defensive performances in college football history.

Awards and Honors

Terrell Suggs has received numerous awards and honors throughout his college and professional football career. Some of the most notable recognitions include:

College Awards:

• NCAA single-season sack record (24 sacks in 2002)
• Pac-10 Defensive Player of the Year
• Bronko Nagurski Award
• Ted Hendricks Award
• Vince Lombardi Award
• Unanimous All-American Selection

Professional Awards and Honors:

• NFL Defensive Player of the Year (2011)
• Seven-time Pro Bowl Selection
• Two-time Super Bowl Champion (Super Bowl XLVII and Super Bowl LIV)
• Two-time First-Team All-Pro Selection

These achievements are a testament to Suggs’ ability to excel at every level of competition, further cementing his legacy as one of the greatest defensive players ever.

Professional Career

Terrell Suggs entered the NFL as the 10th overall pick in the 2003 NFL Draft, selected by the Baltimore Ravens. From the outset, Suggs made an immediate impact, earning the NFL Defensive Rookie of the Year title in his debut season. He played a pivotal role in the Ravens’ defense for the next 16 seasons, becoming a cornerstone of their Super Bowl XLVII victory in 2012.

Suggs was known for dominating on the defensive line, consistently recording high sack totals, and forcing turnovers. In 2009, he signed a 6-year, $62.5 million contract with the Ravens, with $33.1 million guaranteed, making him the highest-paid linebacker. His standout performances earned him multiple Pro Bowl selections and a spot on the NFL All-Decade Team.

In 2019, Suggs briefly played for the Arizona Cardinals, signing a one-year, $7 million contract before being claimed off waivers by the Kansas City Chiefs. He finished his NFL career on a high note, winning Super Bowl LIV with the Chiefs, marking his second Super Bowl championship.

NFL Career Statistics

Suggs’ NFL statistics underscore his incredible impact on the field. Throughout his career, he compiled:

• Games Played: 244
• Sacks: 139
• Tackles: 886 (622 solo, 264 assisted)
• Forced Fumbles: 39
• Fumble Recoveries: 15
• Interceptions: 7
• Defensive Touchdowns: 2

These statistics reflect his consistency as a top-tier defensive player who could change the momentum of a game with a single play.

NFL Records

Suggs set multiple records throughout his career, both for the Baltimore Ravens and in the NFL. Some of his most significant records include:

• Most Career Sacks for the Baltimore Ravens: 132.5
• Most Career Forced Fumbles for the Baltimore Ravens: 35
• 8th on the NFL’s All-Time Sack List with 139 sacks
• 1st in NFL History for tackles for loss (tracked since 1999)

These records showcase Suggs’ longevity and dominance as one of the league’s best pass rushers.

Personal Life

Terrell Suggs is known off the field for his dedication to his family and community. He was married to Candace Williams, with whom he has two children. Though their relationship ended in divorce in 2015, Suggs remains actively involved in his children’s lives.

In addition to his family, Suggs has made notable appearances in the entertainment industry, including guest appearances on the hit TV series Ballers. He is also passionate about giving back, participating in various charitable endeavors focusing on youth sports and mentorship.

Conclusion

Terrell Suggs’ financial journey is a testament to his skill and intelligent financial management off the field. To learn more about NFL players’ fortunes and economic analyses, explore more content on nflplayerfortune.com, and feel free to leave your thoughts in the comments below.