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+--- Thread: definition of "Guaranteed Money?" (/Thread-definition-of-Guaranteed-Money)
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RE: definition of "Guaranteed Money?" - Sled21 - 03-20-2022
(03-20-2022, 07:02 PM)pally Wrote: I posted that and then Joe posts this...also weird
If I don't post, and I go ghost, it's gone be for a reason…
— ⚡️Primetime!!!⚡️ (@Joe_MainMixon) March 20, 2022
I don't see anything that Joe could possibly be upset at. He's got Pollack and a new line in front of him
RE: definition of "Guaranteed Money?" - pally - 03-20-2022
(03-20-2022, 07:16 PM)Sled21 Wrote: I don't see anything that Joe could possibly be upset at. He's got Pollack and a new line in front of him
his next post was a reaction to the signing
RE: definition of "Guaranteed Money?" - Ell Prez - 03-20-2022
(03-20-2022, 01:20 PM)fredtoast Wrote: Signing bonus is paid in full.
Guaranteed money is paid out year to year, but pretty sure the full amount has to be placed in escrow at the time the contract is signed.
So if a contract has $50 million guaranteed the team would have to put that amount in an escrow account and still collect the interest from the $50 million until it has to be paid to the player.
Correct. It goes in escrow and is paid out to the player per the contract, but MB needs to have that money at singing to deposit.