Burrow-5th year

[Joelist]

(04-26-2023, 01:47 PM)jj22 Wrote: The money being escrowed rule is a rule that isn't abided by. They didn't make Cleveland escrow the guaranteed money for Watson. Neither here nor there but it keeps coming up and should be addressed.

I wouldn't treat Florio as a reliable source - he's wrong more often than right. The rule IS mandatory - it just is not a CBA item but rather a rule adopted by the owners via vote back when - the owners can vote to get rid of it and probably should. 

Look at the odd structure of the Jalen Hurts deal and you can tell it is designed to work around the Funding Rule. The Funding Rule requires the amount guaranteed each year to go into Escrow with a 15 million "deductible” from that amount (per Rapien, Goodberry and Liscow). Because the Browns guaranteed the whole thing up front they had to Escrow the whole balance less "deductible". 

For Hurts, instead of doing like Watson and guaranteeing everything up front it has an initial guarantee then each year more $$$ guarantees. That lets the Eagles soften the escrow hit both by splitting it up and they get to apply the "deductible" every year. Hats off to the Eagles for creative accounting.