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Old 08-28-2008   #23
mussop
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Default Re: Green restructures contract

Quote:
Originally Posted by Hervoyel View Post
Nice way of announcing that Green won't be ready to go for week 1.


What is going on? Both stories are written by McClain.

http://www.chron.com/disp/story.mpl/...t/5971192.html

Texans running back Ahman Green has agreed to restructure his contract this season.

Green, who has not played since suffering a pulled goin muscle in the first preseason game, would have made a base salary of 3.8 million, and counting bonuses, could have made as much as 4.2 million.

Now, Green's base salary will be 1.8 million, which frees up 2 million in salary-cap dollars.

To get Green to agree to redo his deal, the Texans are giving him $200,000 for every game in which he's active this season, starting with the second game of the year. That means Green can make three million if he stay's healthy for every game.
By agreeing to restructure the second year of the four-year contract he signed in 2007, Green is showing that he believes he will be healthy this season.

The last two years of Green's contract were not changed. In 2009, he has a 4.8 million base and $500,000 bonus. In 2010, he has a 4.3 million base and a $500,000 bonus.


http://www.chron.com/disp/story.mpl/sports/5970987.html

Running back Ahman Green agreed Wednesday to restructure the 2008 portion of his four-year contract, reducing his base salary from $3.8 million to $1.8 million.

The deal frees up $2 million in salary cap money for the Texans.

Green, who hasn’t played since suffering a groin injury on the first play of preseason against Denver, is expected to start the first regular-season game at Pittsburgh.

In the deal negotiated by general manager Rick Smith and agent Joby Branion, Green agreed to give up $2 million in base salary and a $500,000 bonus for a chance to make $3 million in per-game bonuses.

In addition to his $1.8 million base, beginning with the second game — the home opener against Baltimore — Green will get $200,000 for every game in which he’s active. If he’s active for the last 15 games, he’ll make $3 million, bringing his income to $4.8 million.

The last two years of the four-year contract won’t change. His base salary next year is $4.8 million. His base salary in 2010 is $4.3 million. He receives $500,000 bonuses each year.

Last year, when Green suffered a knee injury in the first game and was limited to 260 yards rushing, he received a $5 million signing bonus, a base salary of $1.5 million and a roster bonus of $1.5 million

Last edited by mussop; 08-28-2008 at 02:43 AM.
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