09-09-2024, 11:16 PM
(09-09-2024, 11:11 PM)casear2727 Wrote: All of this true and common knowledge, everyone knows this? And yes, we are definitely at a huge disadvantage. But none of it has to do with the accusation that owners do not honor contracts....they do honor the contracts.
As to the guaranteed money that is required to be escrowed, it depends. There are multiple types of "guaranteed" monies in a large contract. There are skill guarantees, cap guarantees, and/or injury guarantees. Signing bonuses are guaranteed and do not require escrow. The first years salary is always guaranteed on big deals and not required to be escrowed. Roster bonuses and other "rolling bonuses" do not require escrow. There is a deductible amount that doesnt have to be escrowed.
And the funding date of the guaranteed money isnt required until the next year.
My wording was meaning in the sense you sign someone to a long term deal but not really because NFL contracts did contain the cut clause. Could have expanded but did not.
