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Something I learned about NFL contracts and guarantees

February 12, 2020 06:22AM
So I was reading about the new CBA negotiating and I learned something I didn't know about the guaranteed money. Apparently back in the day, players were worried that owners wouldn't have the money to pay their guarantees so they worked into the CBA that all guaranteed money must be put into a separate account at the time of signing. I guess it makes sense. And thats why owners with less money (like the Raiders) say they just don't have the money to pay guys like Mack. Its not the salary. Its the fact they need to put whatever they put in guaranteed money into a separate account.

So take Goff's contract for example: Last year he signed a 4 year extension with 57m in guarantees at signing. So not only does Kroenke pay Goff 10.6m last year, but he also has to squirrel away 57m in a separate banking account. He'll have to add another 21m after 3/3 after a roster bonus kicks in guaranteeing him 21m more.

I found that interesting. Maybe its just me. So the next time you hear an owner like Spanos say he just cannot afford to sign so and so, its likely because he doesn't have the funds to store in a separate account.



Don't waste your time looking back, you're not going that way. - Ragnar Lothbrok
SubjectAuthorViewsPosted

  Something I learned about NFL contracts and guarantees

Deadpool578February 12, 2020 06:22AM

  Re: Something I learned about NFL contracts and guarantees

zn247February 12, 2020 06:30AM

  Wow!

RamUK208February 12, 2020 07:52AM

  Re: Wow!

zn172February 12, 2020 08:05AM

  Agree zn, spanos crying poor is laughable

promomasterj143February 12, 2020 08:33AM

  Re: Agree zn, spanos crying poor is laughable

zn135February 12, 2020 08:49AM

  Re: Agree zn, spanos crying poor is laughable

Ohiorams100February 12, 2020 09:01AM

  Which teams can't afford it? Spanos is worth 2.4 billion

promomasterj62February 14, 2020 09:53AM

  Re: Which teams can't afford it? Spanos is worth 2.4 billion

AlbaNY_Ram69February 14, 2020 11:31AM

  exactly it's cash flow not assets

zn74February 14, 2020 12:21PM

  They don't have to have cash in a bank vault

promomasterj62February 14, 2020 01:14PM

  Re: They don't have to have cash in a bank vault

zn63February 14, 2020 02:13PM

  You think Kroenke has 700 million in cash lying around?

promomasterj69February 14, 2020 03:23PM

  Re: You think Kroenke has 700 million in cash lying around?

zn65February 14, 2020 03:44PM

  Re: You think Kroenke has 700 million in cash lying around?

AlbaNY_Ram76February 14, 2020 04:42PM

  Re: Wow!

dzrams107February 12, 2020 09:12AM

  another take on this

zn109February 12, 2020 11:22AM

  Its funny how that works

Deadpool103February 12, 2020 10:28AM

  Re: Its funny how that works

zn98February 12, 2020 08:45PM

  TO fix This Guaranteed Non Guaranteed - League needs Gurley Rule like NBA Bird Rule

Rams_81116February 14, 2020 04:31AM

  That's not what the NBA Bird Rule is

AlbaNY_Ram101February 14, 2020 07:40AM