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KFFL Breaking News
Johnson Signs Contract Extension
ESPN.com's Len Pasquarelli reports the Cincinnati Bengals have signed WR Chad Johnson to a six-year, $35.5 million contract extension.
Apologies for the football thread. You may resume your CP Madness fan club discussions.
04-20-2006, 02:16 PM
Half of that is to be paid in the first two years, as well.
04-20-2006, 02:18 PM
what was TO's worth? I'd rather have Johnson anyday. Plus that would be 1 more Johnson for Carl...
04-20-2006, 02:23 PM
with Johnson and Palmer....they got some $$$ tied up in two players...
never mind we are the economy model team.
Bengals | Contract breakdown: WR Chad Johnson
Thu, 20 Apr 2006 11:44:46 -0700
Updating previous reports, ESPN.com's Len Pasquarelli reports Cincinnati Bengals WR Chad Johnson's new six-year, $35.5 million extension gives the Bengals the option to extend his contract through 2011 if they desire. His new contract will pay him $16 million between 2006 and 2007. The new deal brings $10.75 million in "new money" from the extension portion of the deal. He received $5 million through a signing bonus and will receive $250,000 reporting bonus, $250,000 workout bonus and a $2.75 million base salary in 2006. In 2007, he's due a $3.5 million option bonus, a $1.5 million reporting bonus, a $250,000 workout clause and $2.5 million in base salary. His remaining base salaries will be $3 million (2008), $4.5 million (2009), $5 million (2010) and $6 million (2011). In each of those seasons, there are $250,000 workout bonuses. If the team does not exercise the option on 2011, they must make him a non-exercise payment of $3.5 million.
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