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View Full Version : WOW : Ty Laws deal .... on paper


ROYC75
08-12-2005, 10:24 AM
TY GETS A ONE-YEAR DEAL

Throughout the offseason, we predicted that cornerback Ty Law ultimately would sign a contract that would look like a big-money deal, but that in essence would be an incentive-laden arrangement with a ridiculous roster or option bonus due at the start of 2006, making the thing a one-year deal.

As Clark Judge of Sportsline.com initially reported and as we have confirmed, that's exactly what occurred.

Per a league source with knowledge of the specific contents of the contract, the deal does indeed give Law, on paper, his coveted $6 million per season average, since its annual value is $6,466,786.

But the devil on this one is in the details.

For starters, Law gets no signing bonus. Nothing. Zero. Zilch.

Instead, Law's $2.5 million salary for 2005 was paid to him as an advance, meaning that he'll get no game checks throughout the season.

In place of a weekly pay check, he'll get a $62,500 roster bonus installment for each game that he's on the active roster. So even though the contract has a total roster bonus of $1 million for 2005, he gets it all only if he's available to play each and every week.

So if, for example, Law lands on injured reserve during the preseason, he'll get none of that $1 million roster bonus. To make matters worse, his deal contains a $1 million "split" salary, which means that if he lands on IR during the preseason his salary drops by $1.5 million.

Which also means that he then would owe the team $1.5 million that it already had been paid.

The split salary, however, will be triggered only by a lost season due to his pre-existing left foot injury.

But it's after 2005 that the fun really starts. Law's contract contains an $11 million option bonus, and the team must decide whether or not to exercise the option in 2006. If Law achieves a minimum play-time incentive in 2005 (which typically is participation in 35 percent of his unit's snaps), his base salaries for 2006 and beyond become guaranteed. But the guarantees become void if/when the $11 million option bonus is exercised.

And here's the kicker. If Law is still on the team when the option bonus is due and the team opts (for whatever reason) not to exercise it, the deal contains a non-exercise fee of a whopping $25 million.

So even though Law and the Jets might work out a new deal come next year, there's simply no way that this contract will be in effect come March 1, 2006.

jidar1
08-12-2005, 10:27 AM
argh! We could have had him for that? damn...

dirk digler
08-12-2005, 10:34 AM
argh! We could have had him for that? damn...

IMO that is a way worse contract then what we originally offered him. Surely he can't be that stupid.

ROYC75
08-12-2005, 10:36 AM
It's a bad contract for him if he isn't recovered, but if he makes all the incentives, he's made his 6 mill + in 1 year.

My questions is, how does this fit inside of cap #'s ?

Uatu
08-12-2005, 10:42 AM
It's only a bad decision for him to reject us for that deal if he's not healthy. Obviously, he thinks he's going to play all season, and took the contract with the most upside.

BigRedChief
08-12-2005, 10:44 AM
First reported by the newsday guy on the DA show. The next day Peter King reports basically the same thing. Law contract discussed here:
http://www.chiefsplanet.com/BB/showthread.php?t=121064&page=5

Nightfyre
08-12-2005, 11:14 AM
If I'm the Jets, I offer him this contract and say, "you have 48 hours before it is withdrawn." He would cave with no opposing offers.

RINGLEADER
08-12-2005, 01:34 PM
It's a bad contract for him if he isn't recovered, but if he makes all the incentives, he's made his 6 mill + in 1 year.

My questions is, how does this fit inside of cap #'s ?

Isn't the most he can make in 2005 only $3.5 million ($2.5 million upfront salary plus $62K roster bonus per game x 16)?

jidar1
08-12-2005, 01:44 PM
Isn't the most he can make in 2005 only $3.5 million ($2.5 million upfront salary plus $62K roster bonus per game x 16)?

Yeah, that's the way I'm reading it. Looks like at best he gets $3.5mil and gets a new contract or cut. If only we had got him to take a deal like this..

Halfcan
08-12-2005, 04:02 PM
Law is a moron-Patriots offered him much better. He won't make it through the year and the Law circus can start again next year.