09-03-2024, 05:34 PM
(09-03-2024, 05:15 PM)Destro Wrote: I saw something online ( yeah, I know ) that said when someone gets a fully guaranteed contract, that money is due in full into an escrow account, like Burrow's contract was. This could mean Brown has less liquid to make another large, guaranteed contract for Chase. "Regular" contracts are just paid out as usual. And if Brown does actually have the money, getting a loan would be fairly simple, as he has a huge asset: the team. A point may be he just doesn't want to borrow money for any reason.
Then again, this may all be nothing like this, at all.
This is basically the gist but there are some other factors.
The money doesnt have to go into escrow upon signing, there is a specific date for escrow deposits.
Guaranteed money always includes the signing bonus. That is paid upon signing and thus not escrowed.
The first year salary and bonuses, which are always guaranteed in big deals, are not required to be escrowed.
Future roster bonuses can be considered "rolling guarantees" and are usually not escrowed.
The funding rule requiring escrow is not a CBA negotiated rule. It is a rule made by the owners only, and can be changed by the owners at any time. They havent because they use it as a negotiating tool to plead poor.
Is it truly required? The wording of the funding rule in the CBA states that "the NFL may require a deposited escrow", not that it IS required. Several accusations were made that Haslem did not escrow the $185M of Watson's contract that may have been required.
