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clements contract broken down
There’s been a lot of talk about free agent CB Nate Clements and the contract he signed with the San Francisco 49ers.
Howard Balzer takes a look at the entire contract for the Sports Xchange:
Any way you look at it, cornerback Nate Clements received a monster contract from the San Francisco 49ers. But the reality is, it's not an $80 million deal.
Breaking down the deal by year, Clements did not receive a signing bonus, but there is a $10 million roster bonus this year, which counts immediately against the salary cap. He will also receive a guaranteed $10 million option bonus in 2008, which for cap purposes will prorate against the cap from 2008 through 2013 at $1.67 million a year.
Once the option is exercised, the final year of the contract (2014) is voided, wiping out close to $16 million in compensation. Thus, for practical purposes, it is a 7-year, $64.02 million contract, not an 8-year, $80 million deal. In addition, the final two years of the deal carry a combined $19.87 million in salary and workout bonuses.
His base salaries total $7.5 million for the first three years, before his salary jumps to $6 million in 2010. Clements will also receive a $500,000 off-season workout bonus in each year of the contract.
Still relatively young, Clements turned 27 this past December. At the end of the 2011 season, he will be 32.
YEAR SALARY BONUS WORKOUT CAP
2007 $600,000 $10.0M (RB) $500,000 $11.1M
2008 $3,383,334 $10.0M (OB) $500,000 $5.5M
2009 $3,516,666 NA $500,000 $5.68M
2010 $6.0M NA $500,000 $8.17M
2011 $7.25M NA $500,000 $9.42M
2012 $9.0m NA $500,000 $11.17M
2013 $10.77M NA $500,000 12.94M
Clements will receive $11.1M in 2007; $24,983,334 through 2008; $29M
Everything is Bigger and Better in Texas
Re: clements contract broken down
Yeah, I looked at year 2010 and he should be off the roster by then.
Wonder if aj can break down the cap implications if he is cut, what the 9ers would have to lose in that deal.
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