Asomugha Deal Almost A Wrap

From Jim Trotter of SI.com:

Nnamdi Asomugha and the Oakland Raiders are on the verge of a landmark contract that could bring the All-Pro cornerback $26 million, at least, in guarantees over the next two years, a source familiar with the negotiations said today.

Agent Tom Condon has forwarded the proposed contract to the NFL's Management Council for approval, which is usually the final step before a deal is finalized.

Asomugha, one of the game's top cornerbacks, will be franchised for a second consecutive year if the Management Council rejects the contract proposal. Teams have until 4 p.m. today to designate franchise players; the Raiders would use the tag on Asomugha to protect themselves from losing him in free agency without compensation.

The $26 million approximates what Asomugha would earn over the next two years if the Raiders used the franchise tag on him in 2009 and 2010. The deal is expected to be six years and include guarantees that would surpass what Asomugha would earn if he was franchised each of the next seasons.

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