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ClearHorizon News

Matt Prater contract, salary and net worth explored

Author

Sarah Rodriguez

Updated on January 14, 2026

Matt Prater
Matt Prater

Matt Prater, whose full name is Matt Phillip Prater, is a member of the group of National Football League players who began their careers as undrafted free agents.

He eventually established a strong presence in the league and is now regarded as one of the most valuable players on his team and in the league as a whole.

On August 10, 1984, in Mayfield Heights, Ohio, the footballer was born.

He has played for four different teams since the start of his career and has amassed a slew of awards.

He is currently a placekicker for the Detroit Lions.

Table of Content

Contract

With the Arizona Cardinals, Prater agreed to a two-year, $6,500,000 deal that features a $1,850,000 signing bonus, $3,775,000 in guarantees, and an average annual salary of $3,250,000.

He will have a $3,575,000 base salary, a $4,500,000 cap hit, and a $1,775,000 dead cap value in 2022 and can gain $1 million more through incentives.

Salary per year

A $925,000 signing bonus is included in Prater’s $1,075,000 annual salary.

Net worth

Over the course of more than twelve seasons, the lion’s placekicker has earned a total of $25.45 million.

With $5.23 million in earnings in 2017, he was the league’s highest-paid placekicker and 221st overall.