Posts: 2,180
Threads: 86
Reputation:
8621
Joined: Dec 2016
I read on another forum that the guaranteed $ in these FA contracts is "DUE IN A LUMP SUM AT SIGNING"? I was unaware of that and if true if puts small time owners like Brown at a disadvantage and unfair for negotiations when you have billionaires out there like Rams owner that can just write that check to Stafford for 135M after he finishes his turkey sandwhich on his Yacht . Something feels wrong about that.
Hearing that with Collins the "structure" wasnt what he wanted makes me wonder if the guaranteed $ was the sticking point?
Posts: 16,869
Threads: 70
Reputation:
59158
Joined: May 2015
Location: Richmond, VA
(03-20-2022, 01:04 PM)kalibengal Wrote: I read on another forum that the guaranteed $ in these FA contracts is "DUE IN A LUMP SUM AT SIGNING"? I was unaware of that and if true if puts small time owners like Brown at a disadvantage and unfair for negotiations when you have billionaires out there like Rams owner that can just write that check to Stafford for 135M after he finishes his turkey sandwhich on his Yacht . Something feels wrong about that.
Hearing that with Collins the "structure" wasnt what he wanted makes me wonder if the guaranteed $ was the sticking point?
Guranteed at Signing and Due at Signing are not synonymous.
And I highly doubt what you read from the other forum.
Were it true, a player who signs such a contract will never be paid a dime after signing day. Fines and suspensions would cause money to be repaid out of pocket, etc. That's not how it works.
Now the Signing bonus IS generally due in full at signing, with league rules permitting the cap hit to be spread out over the life of the contract.
Posts: 40,628
Threads: 1,062
Joined: May 2015
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.
Posts: 16,869
Threads: 70
Reputation:
59158
Joined: May 2015
Location: Richmond, VA
(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 make the interest from the $50 million until it has to be paid to the player.
That is a true statement.
Posts: 8,233
Threads: 97
Reputation:
22100
Joined: Nov 2015
(03-20-2022, 01:04 PM)kalibengal Wrote: I read on another forum that the guaranteed $ in these FA contracts is "DUE IN A LUMP SUM AT SIGNING"? I was unaware of that and if true if puts small time owners like Brown at a disadvantage and unfair for negotiations when you have billionaires out there like Rams owner that can just write that check to Stafford for 135M after he finishes his turkey sandwhich on his Yacht . Something feels wrong about that.
Hearing that with Collins the "structure" wasnt what he wanted makes me wonder if the guaranteed $ was the sticking point?
Notice how he has had very little visits and overall interest it seems this week, I think his past is going to an issue with "guaranteed" $$ also
Posts: 20,263
Threads: 161
Reputation:
55720
Joined: May 2015
Location: Cincinnati
I don’t think the rich(er) owners are writing checks out of pocket. Probably against NFL rules, and it seems like it would be illegal but I can’t quite say why. 
“History teaches that grave threats to liberty often come in times of urgency, when constitutional rights seem too extravagant to endure.”-Thurgood Marshall
Posts: 16,743
Threads: 417
Reputation:
95854
Joined: May 2015
Freakin just tell Mixon we are about to sign someone else, Mixon will tell his agent, who will tell Collins, and they'll sign. He has no other suitors but Miami and they are looking at someone else as well.
1
Posts: 13,470
Threads: 132
Reputation:
89628
Joined: May 2015
(03-20-2022, 01:43 PM)Sled21 Wrote: Freakin just tell Mixon we are about to sign someone else, Mixon will tell his agent, who will tell Collins, and they'll sign. He has no other suitors but Miami and they are looking at someone else as well.
The Dolphins are telling all the other free agent OTs that if he Terron Armstead doesn't work out they will give them a shot.
Also the Denver Broncos are another team that has been interested in La'el Collins since the beginning. I believe that is the the team Mike Garafolo mentioned as a future visit for Collins.
Posts: 2,180
Threads: 86
Reputation:
8621
Joined: Dec 2016
(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.
yes this makes sense to me, but it also shows that the owner needs to have that liquid $ to put into escrow at signing. i.e. Rams owner would have to put the 135 M in Escrow for Stafford...NOW. Correct? So, the rich owners still would have an advantage in this regard.
Posts: 2,722
Threads: 34
Reputation:
21556
Joined: May 2015
Location: Into the Void.....
(03-20-2022, 02:09 PM)kalibengal Wrote: yes this makes sense to me, but it also shows that the owner needs to have that liquid $ to put into escrow at signing. i.e. Rams owner would have to put the 135 M in Escrow for Stafford...NOW. Correct? So, the rich owners still would have an advantage in this regard.
they dont pay it out of their pockets ffs - it's mostly tv and league money that goes to players - there is a min and max spend that all teams must obey - the advantage a rich owner has is with no player expense like facilities, coaches, creature comforts for fans players coaches
Posts: 14,717
Threads: 2,118
Reputation:
82878
Joined: May 2015
(03-20-2022, 01:26 PM)michaelsean Wrote: I don’t think the rich(er) owners are writing checks out of pocket. Probably against NFL rules, and it seems like it would be illegal but I can’t quite say why.
What they likely have though is more cash on hand to pay these bonuses. The Browns are uber-rich to be sure but they don't have access to the same level of cash as some of the independently wealthy owners have. Their assets are tied up with the team. Many of these other owners also make more money from local media, concession and ticket sales (60% stays with team), stadium naming rights, local corporate sponsorships, etc. All of which adds to the cash on hand pot
Winning makes believers of us all
Posts: 14,717
Threads: 2,118
Reputation:
82878
Joined: May 2015
(03-20-2022, 01:43 PM)Sled21 Wrote: Freakin just tell Mixon we are about to sign someone else, Mixon will tell his agent, who will tell Collins, and they'll sign. He has no other suitors but Miami and they are looking at someone else as well.
Mixon has been really quiet this off-season. He's gone dark on both Twitter and Instagram since the Super Bowl. Last off season he was all publically cheering on free agents so it has been kind of weird to see this one. Of course, that doesn't mean he isn't doing things behind the scences
Winning makes believers of us all
1
Posts: 19,649
Threads: 633
Reputation:
85166
Joined: Oct 2016
(03-20-2022, 02:14 PM)pally Wrote: What they likely have though is more cash on hand to pay these bonuses. The Browns are uber-rich to be sure but they don't have access to the same level of cash as some of the independently wealthy owners have. Their assets are tied up with the team. Many of these other owners also make more money from local media, concession and ticket sales (60% stays with team), stadium naming rights, local corporate sponsorships, etc. All of which adds to the cash on hand pot
I think it's more philosophy rather than cash. The Bengals don't like having dead cap space when you waive guys.
Honestly, the more guaranteed money you give, the more risk. That player gets hurt and never plays again...and you're on the hook for that.
Posts: 15,756
Threads: 164
Reputation:
23151
Joined: May 2015
the only guarantees in life are death and taxes
Posts: 19,649
Threads: 633
Reputation:
85166
Joined: Oct 2016
(03-20-2022, 02:56 PM)reuben.ahmed Wrote: the only guarantees in life are death and taxes
What about in states with no income tax?
Posts: 15,756
Threads: 164
Reputation:
23151
Joined: May 2015
(03-20-2022, 02:58 PM)THE PISTONS Wrote: What about in states with no income tax?
You still have to pay sales tax. xD. There are 5 states with no sales tax. Do they also have no income tax?
Posts: 19,649
Threads: 633
Reputation:
85166
Joined: Oct 2016
(03-20-2022, 03:07 PM)reuben.ahmed Wrote: You still have to pay sales tax. xD. There are 5 states with no sales tax. Do they also have no income tax?
Usually if they don't have 1, the other is large.
My state has income and sales tax.
Posts: 16,869
Threads: 70
Reputation:
59158
Joined: May 2015
Location: Richmond, VA
(03-20-2022, 02:58 PM)THE PISTONS Wrote: What about in states with no income tax?
They still have Federal.
Posts: 14,717
Threads: 2,118
Reputation:
82878
Joined: May 2015
(03-20-2022, 02:18 PM)pally Wrote: Mixon has been really quiet this off-season. He's gone dark on both Twitter and Instagram since the Super Bowl. Last off season he was all publically cheering on free agents so it has been kind of weird to see this one. Of course, that doesn't mean he isn't doing things behind the scences
I posted that and then Joe posts this...also weird
Winning makes believers of us all
Posts: 3,520
Threads: 239
Reputation:
27105
Joined: May 2015
(03-20-2022, 01:04 PM)kalibengal Wrote: I read on another forum that the guaranteed $ in these FA contracts is "DUE IN A LUMP SUM AT SIGNING"? I was unaware of that and if true if puts small time owners like Brown at a disadvantage and unfair for negotiations when you have billionaires out there like Rams owner that can just write that check to Stafford for 135M after he finishes his turkey sandwhich on his Yacht . Something feels wrong about that.
Hearing that with Collins the "structure" wasnt what he wanted makes me wonder if the guaranteed $ was the sticking point?
Think of it when you hire your weekly hooker, wether or not you finish the job it’s guaranteed she’s getting paid 100%. 
|
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)
