11.59M + 2.14M = 13.73M
10.72M + 2.14M = 12.86M
9.85M + 2.14M = 12.10M
8.98M + 2.14M = 11.23M
9.85M (1.97M guaranteed) + 0.43M = 10.28M (2.40M guaranteed)
Total 60M, 52.1M over 4 years (plus salary in waived 5th year) guaranteed.
Same goes for deal 2. For a 5 year, 56M deal, needs to be:
10.82M + 2M = 12.92M
10.01M + 2M = 12.11M
9.20M + 2M = 11.30M
8.38M + 2M = 10.48M
9.20M (1.84M guaranteed) + 0.4M = 9.60M (2.24M guaranteed)
Total 56M, 48.6M over 4 years (plus salary in waived 5th year) guaranteed.
Final deal, same idea. For a total of 52M over 5 years:
10.05M + 1.86M = 11.90M
9.29M + 1.86M = 11.15M
8.54M + 1.86M = 10.40M
7.79M + 1.86M = 9.64M
8.54M (1.71M guaranteed) + 0.37M = 8.91M (2.08M guaranteed)
Total 52M, 45.2M over 4 years (plus salary in waived 5th year) guaranteed.
I agree that the 3rd deal is best. Lowry might not go for it though, and even the 1st deal gives a lot of leeway in that final year, even with a couple million in guaranteed salary.