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Old 07-31-2015, 07:46 AM  
Mr_Tomahawk Mr_Tomahawk is offline
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Russel Wilson and Friends agree to deal.

Russell Wilson and the Seahawks have agreed to a 4-year, $87.6-million extension, per source.

— Peter King (@SI_PeterKing) July 31, 2015
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Old 08-03-2015, 11:27 AM   #361
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Originally Posted by Hootie 2.0 View Post
This is the funniest thing I've ever argued in my life.

Russell Wilson is guaranteed $31.7M to play for the Seahawks in 2015. It's simply not debatable.

He is guaranteed nothing beyond that. However, if he's on the Hawks on the 5th day of the new league year in 2016, he is guaranteed another $12.5M.

So, if you want to say that Russell Wilson signed a contract for $31.7M, you have to say that he agreed to a brand new deal that was a 1 year, $31.7M contract.

Because the only way he ONLY makes $31.7M is if he is cut before the 2016 season.

This isn't debatable. This is fact.
I think everyone gets that he gets his full 31.7 guarantee if he's cut. Just like Justin Houston would get his full 32.5 million if he's cut.
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Old 08-03-2015, 11:28 AM   #362
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Originally Posted by ThaVirus View Post
That is correct.

They'd be absolutely wrecking their cap in the process of losing a Super Bowl champion QB with no heir apparent on the roster, though, so there's approximately .00000000000000001% chance of that happening.
Thanks for doing the leg work to summarize the points of the K.
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Old 08-03-2015, 11:44 AM   #363
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Quote:
Originally Posted by -King- View Post
I think everyone gets that he gets his full 31.7 guarantee if he's cut. Just like Justin Houston would get his full 32.5 million if he's cut.
So, when you say that he makes $31.7M guaranteed ... you realize that is for 1 year. If he makes the team (!!!!!) in year 2 (on the 5th day of the new league year), he gets another $12.5M GUARANTEED.

So painting his contract as a 5 year deal with $31.7M guaranteed is an incredibly ridiculous manipulation.
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Old 08-03-2015, 11:53 AM   #364
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Quote:
Originally Posted by Hootie 2.0 View Post
So, when you say that he makes $31.7M guaranteed ... you realize that is for 1 year. If he makes the team (!!!!!) in year 2 (on the 5th day of the new league year), he gets another $12.5M GUARANTEED.
What?

He'll receive $20 million in 2015 as guaranteed money.

He'll receive another $11.7 million in guarantees in 2016.
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Old 08-03-2015, 12:02 PM   #365
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Originally Posted by DaneMcCloud View Post
What?

He'll receive $20 million in 2015 as guaranteed money.

He'll receive another $11.7 million in guarantees in 2016.
You are 100% incorrect. He received a $31M signing bonus. He isn't being paid that up front. How ****ing dumb are you?
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Old 08-03-2015, 12:03 PM   #366
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I mean, seriously. How much more do I have to break this down. This is hilarious
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Old 08-03-2015, 12:03 PM   #367
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....this is important stuff!!
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Old 08-03-2015, 12:08 PM   #368
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Originally Posted by Hootie 2.0 View Post
So, when you say that he makes $31.7M guaranteed ... you realize that is for 1 year. If he makes the team (!!!!!) in year 2 (on the 5th day of the new league year), he gets another $12.5M GUARANTEED.

So painting his contract as a 5 year deal with $31.7M guaranteed is an incredibly ridiculous manipulation.
Is it legally possible for Seattle to not pay him more than the $31M? If so that is the total amount currently guaranteed.
Is that splitting hairs? Yep.
But as I think our resident contract attorneys may aver, fine tooth combs are required when looking at a K like this...
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Old 08-03-2015, 12:18 PM   #369
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Quote:
Originally Posted by Hootie 2.0 View Post
You are 100% incorrect. He received a $31M signing bonus. He isn't being paid that up front. How ****ing dumb are you?
Hootie, you stated that he's receiving the entire $31 million this year.

Quote:
Originally Posted by Hootie 2.0 View Post
This $31.7M guaranteed you're tossing around is hilarious, though. He makes that THIS YEAR, alone. So it's a 1 year, brand new deal if that's really how you're looking at it. You do realize that, right?
He is NOT receiving $31.7 million in 2015.

And you're calling me dumb?
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Old 08-03-2015, 12:18 PM   #370
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Originally Posted by stevieray View Post
....this is important stuff!!
It's ridiculously silly
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Old 08-03-2015, 12:21 PM   #371
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He's receiving $20 million this year and the additional $11 million in the year 2016, but it's all a part of the guaranteed money for the 2015 season.

MINUTIAE!
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Old 08-03-2015, 12:25 PM   #372
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Originally Posted by ThaVirus View Post
He's receiving $20 million this year and the additional $11 million in the year 2016, but it's all a part of the guaranteed money for the 2015 season.

MINUTIAE!
It's only minutiae if you disregard his bank account balance
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Old 08-03-2015, 12:27 PM   #373
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Originally Posted by vailpass View Post
Is it legally possible for Seattle to not pay him more than the $31M? If so that is the total amount currently guaranteed.
Is that splitting hairs? Yep.
But as I think our resident contract attorneys may aver, fine tooth combs are required when looking at a K like this...
From my understanding, which is based on conversations I've had with sports agents, the main reason for splitting the signing bonus is not only to alleviate a cash payout by the club owner but for taxation purposes as well.

I have no idea if either scenario was a consideration in this case.
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Old 08-03-2015, 12:43 PM   #374
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Originally Posted by DaneMcCloud View Post
It's only minutiae if you disregard his bank account balance
You're keying on the fact that Hootie said he'd receive $31 million "this year". He'll receive the latter $11 million technically in the calendar year of 2016 but it is still a chunk of the payment due to him for the 2015 year.

This is the most trivial of arguments.
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Old 08-03-2015, 01:10 PM   #375
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Originally Posted by ThaVirus View Post
You're keying on the fact that Hootie said he'd receive $31 million "this year". He'll receive the latter $11 million technically in the calendar year of 2016 but it is still a chunk of the payment due to him for the 2015 year.

This is the most trivial of arguments.
I'll make this really, really, stunningly simple:

When Russell Wilson files an income tax return for 2015, will he indicate that his earnings from the Seattle Seahawks are $20.7 million dollars or $31.7 million dollars?
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