At first I looked at it and the numbers seemed real high for a kicker, but taking a look at it, that's what kickers are going for these days:
Also, deal is structured so they can get out of it after the first year if need be. $3.5mil guaranteed, and only $1.5mil additional guaranteed/dead money if they release him following this season. They're paying him for reliability, which is a lot more important than having a huge leg but being an inconsistent FG kicker. They know his range, so it makes the decision to punt or go for it a lot easier.
He's basically the 10'th highest paid kicker (based on avg. salary), which is definitely a great deal for how consistent he was.
[ Edited by Disp on Mar 14, 2014 at 10:44 AM ]