CloakNNNdagger
08-02-2006, 08:45 AM
Details have finally been released on the breakdown of Mario, Bush and Young contracts (http://www.profootballtalk.com/rumormill.htm):
DETAILS ON BUSH DEAL
We've finally gotten our eyeballs on the financial details of the Reggie Bush deal. Here are the key numbers.
The amount of guaranteed money in the deal before exercise of a $12.5 million option bonus in 2007 is $20.25 million. After the option is exercised, the amount of guaranteed money is $26.325 million. (In comparison, these same numbers are $21.75 million and $26.5 million, respectively, for the No. 1 overall pick, Texans defensive end Mario Williams.)
Bush's base package is worth $52.5 million. Williams' base package is worth $54 million.
The maximum value of Bush's deal is $62.05 million. The maximum value of Williams' deal is $62.1 million.
It's extremely unlikely that either guy will earn the maximum amount available under their respective deals. The real question, then, is how much of the money above the base value either will realize.
Much of it is out of their individual control, since there are specific incentives in both contracts based on annual playoff wins.
As we've previously explained, however, the fact that Williams plays for a team with no state tax means that he'll take home significantly more of the money he'll be earning. We continue to get e-mails regarding specific niceties of the tax laws in this regard, and we've decided not to help cure our readers' insomnia by an ongoing foray into the world of accounting. The bottom line is that much more of Bush's money will go to the government (and not into his piggy bank) by playing for the Saints than it would have if he'd been drafted by the Texans -- and his agent should have taken that into account before refusing to do a pre-draft deal with a team that plays in a tax-free state.
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DETAILS ON YOUNG DEAL
We were amazed last week by the inability of some members of the "real" media to discern that there was and is a significant difference between the base value of Mario Williams' contract and the maximum value of the deal signed by Titans quarterback Vince Young, the third overall pick in the 2006 draft.
Reports last week suggested that Young got a better deal than Williams, the No. 1 selection, by proclaiming that, while Williams' deal is worth $54 million, Young can earn up to $58 million.
Here's the truth.
Young's base package is $48.04 million, nearly $6 million less than the base value of Williams' contract. (Or, in other words, roughly $1 million less per year.)
The maximum value of Young's contract is $57.59 million, which is roughly $4.5 million less than the maximum value of Williams' deal.
Better deal? No way.
DETAILS ON BUSH DEAL
We've finally gotten our eyeballs on the financial details of the Reggie Bush deal. Here are the key numbers.
The amount of guaranteed money in the deal before exercise of a $12.5 million option bonus in 2007 is $20.25 million. After the option is exercised, the amount of guaranteed money is $26.325 million. (In comparison, these same numbers are $21.75 million and $26.5 million, respectively, for the No. 1 overall pick, Texans defensive end Mario Williams.)
Bush's base package is worth $52.5 million. Williams' base package is worth $54 million.
The maximum value of Bush's deal is $62.05 million. The maximum value of Williams' deal is $62.1 million.
It's extremely unlikely that either guy will earn the maximum amount available under their respective deals. The real question, then, is how much of the money above the base value either will realize.
Much of it is out of their individual control, since there are specific incentives in both contracts based on annual playoff wins.
As we've previously explained, however, the fact that Williams plays for a team with no state tax means that he'll take home significantly more of the money he'll be earning. We continue to get e-mails regarding specific niceties of the tax laws in this regard, and we've decided not to help cure our readers' insomnia by an ongoing foray into the world of accounting. The bottom line is that much more of Bush's money will go to the government (and not into his piggy bank) by playing for the Saints than it would have if he'd been drafted by the Texans -- and his agent should have taken that into account before refusing to do a pre-draft deal with a team that plays in a tax-free state.
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DETAILS ON YOUNG DEAL
We were amazed last week by the inability of some members of the "real" media to discern that there was and is a significant difference between the base value of Mario Williams' contract and the maximum value of the deal signed by Titans quarterback Vince Young, the third overall pick in the 2006 draft.
Reports last week suggested that Young got a better deal than Williams, the No. 1 selection, by proclaiming that, while Williams' deal is worth $54 million, Young can earn up to $58 million.
Here's the truth.
Young's base package is $48.04 million, nearly $6 million less than the base value of Williams' contract. (Or, in other words, roughly $1 million less per year.)
The maximum value of Young's contract is $57.59 million, which is roughly $4.5 million less than the maximum value of Williams' deal.
Better deal? No way.