Full details on the two-year, $26 million contract between the Tennessee Titans and wide receiver DeAndre Hopkins have been released.

According to OverTheCap.com, the deal includes $10.98 million of total guaranteed money, including a $9.815 million signing bonus (broken up over five seasons at $1.963 million per season) and incentives that can raise the total contract value up to $32 million over the two years.

In 2023, Hopkins will be paid $1.165 million in a fully guaranteed base salary. That money on top of his signing bonus makes up the full $10.98 million that is guaranteed.

For every game Hopkins is active for in 2023, he will be paid an additional $60,000 up to a total of $540,000 against the cap this season. That brings Hopkins' total cap hit for the Titans in 2023 to $3.668 million.

2024 is where the contract gets really interesting. Hopkins is due a base salary of $8.27 million next season that is not guaranteed and carries a total cap hit of $15.96 million. The Titans will have to make a decision about bringing Hopkins back long before the season begins, because on the second day of the 2024 league year, Hopkins gets a bonus of $4.46 million if he’s still on the active roster.

By that time, $7.852 million of Hopkins' signing bonus will still be remaining in dead cap space. If Tennessee is to cut Hopkins, that money would accelerate onto the 2024 cap, but leave the team with $8,111,000 in cap savings if they decide to move away from Hopkins.

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Full DeAndre Hopkins-Titans contract details, per ⁦@Jason_OTC⁩ pic.twitter.com/M5XkQRt7x6

— Buck Reising (@BuckReising) July 27, 2023

So what does all this mean? It means the Titans have put themselves in a good position to be flexible with Hopkins' contract next season. Because none of his base salary is guaranteed for the 2024 season, the Titans can still find some savings should the deal go sideways and the team move in another direction. $7.852 million is not too overwhelming of a dead cap figure, but if Hopkins plays up to the standard most people expect him to, the Titans will be more than happy to pay him the full $15.96 million cap hit he'd be due in 2024.

Worst case scenario, it's a one-year deal worth just under $11 million in 2023. Best case scenario, Hopkins has a big season, cashes in his incentives, and the Titans still got a bargain considering what the free agent market usually values a wide receiver at.

Notes from DeAndre Hopkins’ first Titans training camp practice

The DeAndre Hopkins era has begun.