09-09-2024, 10:09 PM
(09-09-2024, 03:57 PM)fisherscatfan Wrote: Is the guaranteed amount required to be funded via an escrow account? I have read online both yes and no. If yes then the Bengals are at a disadvantage just based on the wealth of the owners in the league.
I understand the players position and the owners did this to themselves by signing players to contracts and subsequently cutting them and not having to honor the “contract”. If I am a player, I want to know that we are agreeing to terms and BOTH sides must honor. Player holdouts should be met with heavy fines penalties/suspensions if the contract must be honored by both sides. Contracts should be collateralized by the ownership shares. Teams aren’t going broke so if an owner doesn’t honor the contract, they are fined by the league that amount or must sell the team.
If the Bengals and Chase agreed to total pay and the Browns can’t comfortably swallow the escrow requirement(if required), then the Bengals are screwed for the near future.
Owners are still honoring the contracts when they cut a player. The contract clearly states that a player can be cut. It also states that the owner will pay any and all guaranteed amounts owed to the player. Im not sure why this keeps coming up? Thousands of players have been cut and not one lawsuit.... every contract has been honored as to its terms when it comes to the owners.
As to the question, the entire amount of the guaranteed portion of the contract is not required to escrowed.
