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Mr. Laz
08-24-2007, 12:43 PM
Guarantees for LJ frontloaded in extension with Chiefs

By Len Pasquarelli
ESPN.com
(Archive)

Updated: August 24, 2007, 9:05 AM ET


The lucrative five-year contract extension signed on Tuesday by Kansas City Chiefs star tailback Larry Johnson includes $43.25 million in so-called "new money," features an initial signing bonus of $12.5 million, and will pay the four-year pro more than $20 million before his 30th birthday.

The deal includes $19 million in guarantees, but nearly one-third of that is in the form of guaranteed base salaries during the first four seasons of the contract. And to earn the full $5 million in prorated roster bonuses included in the contract, Johnson must be active for all 16 games each season.

Details of the contract, which is essentially a six-year deal that runs through 2012 because Johnson had one season remaining on his original contract, were obtained through league salary documents.

For the 2007 season, Johnson will earn the $12.5 million signing bonus, a $750,000 base salary that is guaranteed, and a workout bonus of $50,000, for a total of $13.3 million. That base salary is a reduction from the $1.8 million Johnson was to have earned in base salary in the final year of his original contract, which he signed as a first-round choice in the 2003 draft.

The salary cap charge for the Chiefs in 2007 is a very palatable $3.356 million.

Base salaries for the extension portion of the contract are $2.5 million (2008), $4.55 million (2009), $5 million (2010), $5.3 million (2011), and $5.9 million (2012). Of those salaries, $2 million is guaranteed in 2008, with $3.5 guaranteed in 2009 and $250,000 in 2010.

There are prorated roster bonuses of $1 million each in 2008-2012, payable at the rate of $62,500 per each game that Johnson is on the active roster. There are also annual offseason workout bonuses of $100,000 each for the 2008-2012 campaigns. And in 2010-2012, there are offseason bonuses of $1 million each if Johnson is on the roster for the first day of the league year, typically defined as March 1.

While the salary cap charges are manageable for this season, they rise steadily after that -- to $6.156 million (2008), $8.206 million (2009), $9.183 million (2010), $9.483 million (2011), and $10.083 million (2012).

Counting all six years, the contract totals $45.05 million. And minus the $1.8 million that Johnson was to have earned under his original deal, the "new money" is $43.25 million.

Johnson, 27, signed the deal Tuesday after missing all the team's offseason workouts and training camp. He has not played in the Chiefs' preseason.

A former Penn State star, Johnson was the 27th player chosen overall in the 2003 draft. Playing behind Priest Holmes, he saw little action in his first two seasons, then became the full-time starter in 2005. In the past two years, Johnson has rushed for 3,539 yards and 37 touchdowns. Even more an offensive centerpiece under first-year coach Herm Edwards in 2006, Johnson set a new league record with 416 rushing attempts.

Len Pasquarelli is a senior NFL writer for ESPN.com.
http://sports.espn.go.com/nfl/news/story?id=2989319

dirk digler
08-24-2007, 12:45 PM
Sounds like the Chiefs made a very good deal for both them and Larry.

Good job Carl and Denny!

cdcox
08-24-2007, 12:53 PM
Looks like a pretty good contract for KC, as long as LJ stays healthy and productive through 2009. Beyond 2009 we can cut him with very little pain once his productivity drops.

So it is basically a 3 year deal, with the Chiefs holding options for 3 more years.

A good common sense contract for both sides.

patteeu
08-24-2007, 01:17 PM
I like it. Carl's had a pretty good run lately. Now he needs to reel Jared Allen in.

Redrum_69
08-24-2007, 01:21 PM
He'll get hurt in the first game and be on the cover of Madden 09

DaneMcCloud
08-24-2007, 01:22 PM
Sounds like the Chiefs made a very good deal for both them and Larry.

Good job Carl and Denny!

Gee, how than this be when everyone knows that Carl's a moron and LJ's a thug?

Bob Dole
08-24-2007, 01:24 PM
Not that it's statistically significant, but how does he merit a $50k workout bonus this year when he held out for the duration of camp?

htismaqe
08-24-2007, 01:28 PM
Looks like a pretty good contract for KC, as long as LJ stays healthy and productive through 2009. Beyond 2009 we can cut him with very little pain once his productivity drops.

So it is basically a 3 year deal, with the Chiefs holding options for 3 more years.

A good common sense contract for both sides.

Yep.

dirk digler
08-24-2007, 01:31 PM
Not that it's statistically significant, but how does he merit a $50k workout bonus this year when he held out for the duration of camp?

He was here almost every day during the offseason workout program IIRC.

Mr. Kotter
08-24-2007, 01:43 PM
Looks like a pretty good contract for KC, as long as LJ stays healthy and productive through 2009. Beyond 2009 we can cut him with very little pain once his productivity drops.

So it is basically a 3 year deal, with the Chiefs holding options for 3 more years.

A good common sense contract for both sides.

Exactly my take. :thumb:

blueballs
05-20-2008, 05:54 PM
Cowboys | Barber deal update
Tue, 20 May 2008 13:32:23 -0700

Updating a previous report, ESPNews reports the Dallas Cowboys signed RB Marion Barber III to a seven-year deal, worth $45 million Tuesday, May 20. The deal is worth $21 million over the first three years with a $16 million signing bonus.

the Talking Can
05-20-2008, 06:48 PM
Cowboys | Barber deal update
Tue, 20 May 2008 13:32:23 -0700

Updating a previous report, ESPNews reports the Dallas Cowboys signed RB Marion Barber III to a seven-year deal, worth $45 million Tuesday, May 20. The deal is worth $21 million over the first three years with a $16 million signing bonus.

wow


that makes LJ look like a bargain, Barber is nice, but not near the threat that LJ is...

of course, a healthy LJ I mean....

Marco Polo
05-20-2008, 06:58 PM
wow


that makes LJ look like a bargain, Barber is nice, but not near the threat that LJ is...

of course, a healthy LJ I mean....

What a difference a year makes, eh?

Ari Chi3fs
05-20-2008, 06:58 PM
wow


that makes LJ look like a bargain, Barber is nice, but not near the threat that LJ is...

of course, a healthy, mean LJ I mean....

FYP

Rausch
05-20-2008, 07:06 PM
Sweet.

We enter next year with every major contributor (save Gonzo) having something to prove.

The line has been the whipping boy for 2 years now, Bowe needs to prove his breakout year was legit and not a fluke, LJ needs to prove he's still got his dominating running style, Croyle is fighting for his future on the team, even with schlubs to play with Waters had a down year, and Hali needs step up and show he's a legit pass rusher.

They clearly can't all work out like we want but everyone comes into camp this year hungry...

CHENZ A!
05-22-2008, 03:08 PM
Saw LJ last night at Mosaic around 1AM if anyone cares. Probably not.