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View Full Version : Harrison gets extension


ccdude730
12-08-2004, 04:27 PM
http://msn.foxsports.com/story/3230346

hasnt been reported to espn or cbs, but im going to trust them on this one. locking up marvin allows them to persue edgerrin now. looks like they will continue to be a powerhouse for a while longer.

CrumplerFan
12-08-2004, 04:55 PM
http://msn.foxsports.com/story/3230346

hasnt been reported to espn or cbs, but im going to trust them on this one. locking up marvin allows them to persue edgerrin now. looks like they will continue to be a powerhouse for a while longer.

And where does the money for Edge will come from? Can they buy the rest of the Cap of the Arizona Cardinals, which they don't use?

Shotgun30
12-08-2004, 05:06 PM
If they don't get a deal done with James, they can use the franchise tag to retain his rights.

wags
12-08-2004, 05:11 PM
If they don't get a deal done with James, they can use the franchise tag to retain his rights.

Yea, but they are still going to have to pay him a ton for that one season.

CrumplerFan
12-08-2004, 05:23 PM
If they don't get a deal done with James, they can use the franchise tag to retain his rights.

I suppose that a long term contract uses up less money than the franchise tag for a RB. They certainly can retain him somehow technically, but do they have the cash and cap space to do so?

Blake
12-08-2004, 05:46 PM
http://sportsillustrated.cnn.com/2004/football/nfl/12/08/bc.fbn.colts.harrison.ap/index.html

CrumplerFan
12-08-2004, 05:53 PM
http://msn.foxsports.com/story/3230346


Text excerpt:

seven-year, $66 million extension with a stunning $22 million in guaranteed bonus money. The deal averages about $9 million per year during the first four years, including bonus money, but is still relatively cap-friendly.

wags
12-08-2004, 06:01 PM
Text excerpt:

seven-year, $66 million extension with a stunning $22 million in guaranteed bonus money. The deal averages about $9 million per year during the first four years, including bonus money, but is still relatively cap-friendly.

You can probably say goodbye to Marcus Pollard and a few other guys.

edo783
12-08-2004, 07:35 PM
Unless Payton restructures his contract which, IMO, is pretty likely. He will want to keep the offense as complete as he can. Got to have more records ya know.

Youngstown Colt
12-09-2004, 11:03 AM
Unless Payton restructures his contract which, IMO, is pretty likely. He will want to keep the offense as complete as he can. Got to have more records ya know.
thank you, peytons first goal was to get the contract done. now he can restructure it as he sees fit to get the right players. Stokely has already said he will re-sign for less money so he can continue to play with peyton. If you think that's not contageous, you're crazy

infantrycak
12-09-2004, 11:41 AM
Stokely has already said he will re-sign for less money so he can continue to play with peyton.

Harrison said the same thing before Peyton got his deal done--during the playoffs last year as I recall. Did that end up happening? And I am not talking about the cap hit for the 1st 1-2 years.

Youngstown Colt
12-09-2004, 11:43 AM
and what basis does stokely have to ask for big time money? he's not a future hall of famer and one of the 3 best WRs in football, that's marvin. and that's why marvin got big money

infantrycak
12-09-2004, 11:53 AM
and what basis does stokely have to ask for big time money? he's not a future hall of famer and one of the 3 best WRs in football, that's marvin. and that's why marvin got big money

And what does that have to do with my question? Your assertion was that playing with Peyton made people willing to take less money. Harrison said that, but did he actually take less money? Stokely is saying it now--will he really take less than his market value (that's the important part--not Marvin's value, market value)?

TheOgre
12-09-2004, 01:30 PM
They can stay under the cap hetero. Harrison's cap figure for 2005 is low. They won't have a problem signing James or their draft picks. They won't be able to upgrade their defense easily though. They will primarily have to depend on the draft for that.

Youngstown Colt
12-09-2004, 02:14 PM
And what does that have to do with my question? Your assertion was that playing with Peyton made people willing to take less money. Harrison said that, but did he actually take less money? Stokely is saying it now--will he really take less than his market value (that's the important part--not Marvin's value, market value)?I didn't make an assertion about anything really. Certainly I didn't paint as broad a picture as you made it seem. I said that is what Brandon said, I didn't generalize it.

As for Brandon's market value, maybe a team like the Redskins, who pay players for stats, might offer him big money. But colts fans, and probably the FO realize that he's not making catches in traffic, he is benefitting from the double coverage on Marvin. Brandon is the ultimate slot reciever, and he knows that.

disaacks3
12-09-2004, 02:34 PM
Stokely has already said he will re-sign for less money so he can continue to play with peyton. If you think that's not contageous, you're crazy That seems a pretty "broad stroke" to refer to the idea of taking less money as contagious. Your quote seems to indicate that you believed others on the Colts team would be willing to do so as well. Infantrycak pointed out that Harrison said the same thing last season, but that when "push came to shove" it sure didn't work out that way.

I'm not 'blaming' any player for trying to make money, but there are very few guys in the NFL willing to take a pay cut, irregardless of whether it'll help get their team "over the hump" or not.

Youngstown Colt
12-09-2004, 02:44 PM
harrison said he would take a pay cut if that means peyton gets re-signed (this was before the contract)

that is the difference, I never brought up marvins statements, because they were really irrelevant to this discussion.

infantrycak
12-09-2004, 05:19 PM
On a separate issue--Harrison is certainly a valuable, big piece of the Colts offense right now. But let's look down the road. He has $23 mill in guaranteed money on a seven year contract. He will be 33 at the beginning of next season (just noticed we share birthdays by the way). Is he really going to play out that contract? Odds are bad--which means at some point the $3.2 mil per year proration is going to hit the Colts. Say he plays 4 more years--that means a cap hit of $10 mil when he is gone. Just a consideration--ask the Niners that have $20+ mil of dead money this year.

ArlingtonTexan
12-10-2004, 09:11 AM
On a separate issue--Harrison is certainly a valuable, big piece of the Colts offense right now. But let's look down the road. He has $23 mill in guaranteed money on a seven year contract. He will be 33 at the beginning of next season (just noticed we share birthdays by the way). Is he really going to play out that contract? Odds are bad--which means at some point the $3.2 mil per year proration is going to hit the Colts. Say he plays 4 more years--that means a cap hit of $10 mil when he is gone. Just a consideration--ask the Niners that have $20+ mil of dead money this year.

this is from profootballtalk.com..generally a rumor site, but they do get the details of contracts and here is a breakdown on the harrison deal.

While the mainstream media continues to parrot (to the delight of agent Tom Condon) the numbers that Marvin Harrison will receive from the Colts -- $66 million over six years! $23 million in guaranteed money!! -- a league source has given us the real skinny on Marvin's not-so-marvelous deal.



For starters, Harrison's deal contains a paltry (in comparison to the reports) signing bonus of $6 million.



So where's the other $17 million in guaranteed money? Um, there isn't any -- unless Harrison suffers a career-ending injury between now and the dates on which two obscenely large roster bonuses come due.



Specifically, the Colts owe Harrison a roster bonus of $7 million on the second day of the 2005 league year, and a whopping $10 million on the second day of the 2006 league year. The Colts have the right to guarantee both of these roster boni, which would spread the cap hit over the remainder of the deal.



As for salaries, Harrison will finish 2004 at the prorated rate of $4.559765 million, roughly a million less than his prior rate of $5.56 million salary under his prior contract. But since he's already been paid 13 of 17 weeks at the higher rate, the real reduction in his salary is only 4/17th of the gross difference, or $235,349.



In 2005, Harrison's total salary will be only (only?) $1 million.



In 2006, his base salary will be only (only?) $2 million.



In 2007, the base salary moves to $4 million. In 2008, it goes to $7.6 million. In 2009, it goes to $9 million. In 2010, $10 million. In 2011, $11.4 million.



So what does it all mean? In our view, it's a two-year (i.e., 2004 and 2005) deal that will earn Harrison a total of $14.75 million in new money.



The question then will become whether the Colts pick up a $10 million roster bonus in 2006 (unlikely), guarantee the bonus and spread it over the remaining life of the deal (more likely), renegotiate the contract (most likely), or part ways with Harrison (not very likely, but hardly out of the question).



The cap hit, if the Colts decide to part ways with Harrison after 2005, will be manageable. The signing bonus will trigger a $4 million hit. If the Colts decide to guarantee the 2005 roster bonus, the total cap hit resulting from a release after the 2005 season will climb to $10 million.



The bottom line is that the guaranteed money isn't $23 million -- it's more properly characterized as $14.75 million, counting his paragraph 5 salary in 2004 and 2005, since the 2005 salary will be vested on the first Sunday of the regular season and since the Colts definitely will not release Harrison before paying his $7 million roster bonus in March 2005.



Our guess is that, after 2005, the Colts will look at Harrison's total production, check the market, and decide whether to guarantee the $10 million (reducing his 2005 cap number considerable), offer him a new deal with a lower signing bonus and smaller annual salaries, or thank Harrison for a decade of loyal service, and move on.



The one sure thing is that there's no way this deal will still be in effect in 2008, at which time Harrison's salary will be $7.6 million -- and Harrison will be 36.



Thus, the total money that he'll earn, including the $10 million roster bonus due in 2006 and his $4.6 million salary in 2007, is more like $30.75 million over 3.25 years.



Not chump change, by any means. But hardly the windfall that's been portrayed to date.

infantrycak
12-10-2004, 10:01 AM
Sounds like Harrison's agent got a good headline and the Colts got a pretty good 2 year deal for Harrison.