no. It says plus 1mil in incentives. Here I’ll bold the part for you to read.
Details on Taysom Hill's contract extension with the Saints
Per Charles Robinson of Yahoo Sports, Hill is cashing in with a two-year deal valued at $21 million, with $16 million in guarantees and another $1 million in incentives. That's an average of $10.5 million per year, with 76% of the new money guaranteed.