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Old 03-18-2005, 04:25 PM  
SoCalBronco SoCalBronco is offline
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Props to King Carl on the structuring of the Bell deal

this is from Profootballtalk.com

BELL'S BOGUS BONUS



We heard in the wake of linebacker Kendrell Bell's decision to join the Chiefs that his widely-reported signing bonus of $10 million was off the mark -- by more than $6 million.



But since less than a week before we'd screwed the pooch on Antonio Pierce's bonus, reporting erroneously that the new New York Giants' linebacker got a signing bonus of only $3.25 million, we opted to wait on this one until we could get the full picture on Bell's deal before taking the position that he received a signing bonus of only $3.5 million.



As it turns out, and as a league source has told us, Bell received a signing bonus of $3.5 million. The $10 million figure comes from a roster bonus due in 2006 of $3.5 million, and a roster bonus due in 2007 of $3 million.



Unlike signing boni or guaranteed option boni (which turn into guaranteed salary if not picked up), a roster bonus is not guaranteed and, more importantly, not earned unless the player is on the roster when the bonus comes due.



So, as a practical matter, Bells only guarantee is $3.5 million now and $540,000 in so-called "paragraph 5" salary, which will be fully guaranteed if Bell is still on the team when the regular season commences. The chances of Bell getting bounced before then (and the full amount of his signing bonus getting charged against the 2005 salary cap) are very, very remote.



Coupled with a $2.7 million base salary for 2006, Bell essentially has one year to persuade the Chiefs to give him the big coin. Injury or ineffectiveness this season could be just enough to persuade K.C. to say "see-ya" to Bell, dumping him back into the unrestricted market next season -- in the same way that former Bucs linebacker Ian Gold ended up on the shelf after signing an overhyped contract last year.



Other contracts use a combination of signing and roster boni, but in other circumstances the roster bonus can be considered guaranteed money. For example, Rudi Johnson's recent deal with the Bengals includes a $5 million signing bonus and a $5 million roster bonus that becomes earned in two weeks. Technically, the money isn't guaranteed. But if the Bengals were to cut Johnson before the roster bonus is earned, the team will have given him $5 million in free money for two weeks on the team -- and he'd then be a completely unrestricted free agent, with no franchise tag to restrict his movement.



It's another example of how agents can manipulate reality regarding the terms of a contract, getting an unfairly favorable P.R. hit for themselves and their client when the deal is announced.



And rarely, if ever, having to face the truth regarding the deal.
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Old 03-18-2005, 04:34 PM   #2
Logical Logical is offline
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Thanks for the info SoCal.
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Old 03-18-2005, 04:35 PM   #3
Mr. Flopnuts Mr. Flopnuts is offline
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gotta give carl props where they're due. good stuff
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Old 03-18-2005, 04:43 PM   #4
Spicy McHaggis Spicy McHaggis is offline
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Good info, thanks SoCal
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Old 03-18-2005, 04:48 PM   #5
Herzig Herzig is offline
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Let's hear it from the "Fire Carl" now group.
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Old 03-18-2005, 04:51 PM   #6
Logical Logical is offline
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Quote:
Originally Posted by Herzig
Let's hear it from the "Fire Carl" now group.
Gladly, Carl still needs to be replaced.
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Old 03-18-2005, 04:53 PM   #7
Bwana Bwana is offline
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Quote:
Originally Posted by Vlad Logicslav
Gladly, Carl still needs to be replaced.
What Jim said..........
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Old 03-18-2005, 04:57 PM   #8
Herzig Herzig is offline
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Quote:
Originally Posted by Vlad Logicslav
Gladly, Carl still needs to be replaced.
While I agree that Carl has had more than enough time to build a SB contender, he does do some good things(ie. Priest Holmes). My biggest complaint about him is that he makes boneheaded moves in the draft.
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Old 03-18-2005, 04:59 PM   #9
Bob Dole Bob Dole is offline
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Not bad at all.

The structure of the boni appears to make it less likely that we'll get bent over and served the peni.
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Old 03-18-2005, 05:16 PM   #10
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So that means we got plenty of cap room left. Here we come Law or Surtain.
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Old 03-18-2005, 05:24 PM   #11
Taco John Taco John is offline
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Looks like Carl finally caught on to how to protect yourself in Free Agency... A bit late, but he's there now.
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Old 03-18-2005, 05:27 PM   #12
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Not bad at all.

The structure of the boni appears to make it less likely that we'll get bent over and served the peni.
i'm still laughing.
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Old 03-18-2005, 05:31 PM   #13
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Gladly, Carl still needs to be replaced.
Carl needs to have a Super Bowl Bonus, 98% of his salary is contingent upon us getting to it.
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Old 03-18-2005, 05:44 PM   #14
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Damn, so Carl, after 16 years, finally gets something right.

Yeah, he earned that contract extension!
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Old 03-18-2005, 05:45 PM   #15
Spicy McHaggis Spicy McHaggis is offline
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Unfortunately after making this move he'll sit back for the next four years and reminisce about how great a negotiator he is.
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