Page 1 of 4 123 ... LastLast
Results 1 to 20 of 73

Thread: Ferguson's Deal: Really 1 year at $5.3MM??

  1. #1
    Board Administrator
    JI Founder & President

    Join Date
    May 1999
    Location
    Long Island, NY
    Posts
    12,474
    Images
    39581

    Ferguson's Deal: Really 1 year at $5.3MM??

    [url]http://profootballtalk.nbcsports.com/2010/07/08/dbrickashaws-real-deal-one-year-53225-million/[/url]

    We knew it.

    When reports emerged of a six-year, $60 million extension with an eye-popping $34.8 million in guaranteed money, we knew that there was fluff in the new contract between the Jets and left tackle D'Brickashaw Ferguson.

    We just had no idea how much fluff was there.

    We've obtained a copy of the contract, and we've studied it carefully. The contract constitutes, as a practical matter, a one-year, $5.3225 million contract with no other guaranteed money earned or vested through the end of the 2010 season.

    The amount comes from a base salary of $622,500, a signing bonus of $1.6 million due within five days of July 15, 2010, and a roster bonus of $3.1 million due within five days of July 15, 2010.

    That's it. No other guarantees trigger unless and until Ferguson makes it through the 2010 season displaying adequate skill and, more importantly, not suffering serious injury.

    If Ferguson endures a career-ending injury at any point this year (think LeCharles Bentley on the first day of training camp, 2006), Ferguson gets none of the rest of the money. If Ferguson simply suffers a serious but not career-ending injury at any point this year (think Leon Washington mimicking Joe Theismann against the Raiders in 2009), the Jets likely will terminate the contract and then try to re-sign Ferguson for a lesser amount -- or watch him walk away.

    And, amazingly, the contract contains no future guarantees based on injury. None. Not a penny.

    If Ferguson is on the Jets' 80-man roster on February 15, 2011, Ferguson's 2011 base salary of $5.615 million becomes guaranteed only for skill. This means that, if the Jets thereafter decide that Ferguson stinks, they still have to pay him his 2011 base salary. As a practical matter, the money also is guaranteed for injury after he passes his offseason physical, since he'd be owed his entire base salary if he, for example, tears an ACL while at a minicamp practice.

    On that same day, February 15, 2011, Ferguson's $9.985 million base salary for 2012 becomes guaranteed, but again only for skill. So if he suffers a serious injury in 2011, the Jets can cut him before 2012 and avoid nearly $10 million in additional future expenses.

    Finally, Ferguson's base salary of $7.25 million for 2013 becomes guaranteed -- again for skill -- if he's on the 80-man roster on the second day after the start of the waiver system for the 2012 season. So if he suffers a serious injury in 2012, the Jets can easily avoid that money due in 2013.

    Ferguson also has a $3.9 million option bonus, but the Jets have an extended period within which to decide whether to pay it. The first possible date is the first day of the next league year, which if there's labor peace will come in early March, 2011. The last day for exercising the option will be the day after the first regular-season game in the next league year. So they can cut him as late as September 2011 and avoid that $3.9 million payment.

    None of those payments will be made if Ferguson endures a serious injury, or if his skills suddenly evaporate.

    While some may brush this off as a cash-flow issue only, since future payments fully guaranteed for injury and skill must be funded immediately, the Jets could have guaranteed the full amount of the future guaranteed base salaries (which total $22.85 million) for injury now and skill later, like the Bears did with defensive end Julius Peppers. The Jets didn't, and now Ferguson will bear the risk of that every time he laces up his cleats from now until the end of the 2010 season.

    What has Ferguson gained? His base salary of $3.122 million in 2010 (the terms under his prior deal) has increased to a total payout of $5.3225 million.

    So he picked up $2.2005 million now, with no guarantees moving forward. Though he'll be in line for more than $22 million guaranteed if he gets through 2010 (and 2011) unscathed, he already was in line for at least $10 million guaranteed next year, the final year of his rookie deal.

    Bottom line? As usual, the real terms of the contract fall far short of the amount initially reported.

  2. #2
    [QUOTE]
    Bottom line? As usual, the real terms of the contract fall far short of the amount initially reported. [/QUOTE]

    Probably the smartest thing I've ever heard come out of a Florio article. This is something that seems to happen with every "huge" contract that is penned in the NFL these days. The deal was another masterful job by Tannenbaum. But the funny thing is the truth of the deal will still fly over the head of the casual, knee-jerk football fan. Bah well.

    Mike T. knows what he's doing.
    Last edited by fullblast; 07-08-2010 at 10:54 PM.

  3. #3
    Jets Insider VIP
    Board Moderator

    Join Date
    Jun 2004
    Posts
    27,416
    LOL

    Mike Tannenbaum, what a cold-blooded mofo you are. I knew there was something fishy about making D'Brick the "highest paid offensive lineman ever" while letting Revis and Mangold stew with anger.

    Revis would never accept a deal like that. That's probably the same "deal" they tried to offer him - no guaranteed money, no insurance against injury.
    Last edited by Buzzsaw; 07-08-2010 at 10:49 PM.

  4. #4
    Jets Insider VIP
    Charter JI Member

    Join Date
    May 1999
    Location
    Naples FL
    Posts
    44,278
    [QUOTE=Buzzsaw;3642018]LOL

    Mike Tannenbaum, what a cold-blooded mofo you are. I knew there was something fishy about making D'Brick the "highest paid offensive lineman ever" while letting Revis and Mangold stew with anger. Revis would never accept a deal like that.[/QUOTE]

    You liked the Tuna as GM that had us in Cap hell??:eek:

  5. #5
    incredible

  6. #6
    Jets Insider VIP
    Board Moderator

    Join Date
    Jun 2004
    Posts
    27,416
    [QUOTE=Savage69;3642019]You liked the Tuna as GM that had us in Cap hell??:eek:[/QUOTE]

    No, this is awesome from a fan standpoint, a brilliant move to lock up D'Brick, while giving the team an out if he gets injured or his level of play drops. I don't know why D'Brick's agent accepted it.

  7. #7
    Jets Insider VIP
    Charter JI Member

    Join Date
    May 1999
    Location
    Naples FL
    Posts
    44,278
    [QUOTE=Buzzsaw;3642027]No, this is awesome from a fan standpoint, a brilliant move to lock up D'Brick, while giving the team an out if he gets injured or his level of play drops. I don't know why D'Brick's agent accepted it.[/QUOTE]

    Maybe he should fire his agent and sign with that new Firm Buzz and Bit..:yes:

  8. #8
    All League
    Join Date
    Apr 2003
    Location
    245-A
    Posts
    3,206
    Agree w/the majority of the posts above. From a "TEAM" perspective, it's a GREAT contract that protects the Jets' exposure. I love D'Brick and just hope he can maintain, if he doesn't, well Tanny did it again: Smoooooth Criminal.

  9. #9
    [QUOTE=Buzzsaw;3642027]No, this is awesome from a fan standpoint, a brilliant move to lock up D'Brick, while giving the team an out if he gets injured or his level of play drops. I don't know why D'Brick's agent accepted it.[/QUOTE]

    Honestly, Mike can point to Nick, Revis & Harris and say take one for the betterment of the team or we have a problem.

    That could end badly but that contract is pure genius.

  10. #10
    Board Moderator
    Jets Insider VIP
    JetsInsider.com Legend

    Join Date
    Sep 2005
    Location
    The depths of Despair.
    Posts
    40,321
    I have no problem paying guys who get injured trying to accomplish the task at hand.. I have a problem paying guys who dont give a **** about the task at hand and we pay out their contracts for mediocre play.


    So I feel weird about this.

    Brick gets the shaft if he gets hurt? YAY?


    :dunno:

  11. #11
    All Pro
    Join Date
    Feb 2005
    Location
    Omaha, NE
    Posts
    8,650
    [QUOTE=32green;3642051]I have no problem paying guys who get injured trying to accomplish the task at hand.. I have a problem paying guys who dont give a **** about the task at hand and we pay out their contracts for mediocre play.


    So I feel weird about this.

    Brick gets the shaft if he gets hurt? YAY?


    :dunno:[/QUOTE]

    that's exactly how i feel...

  12. #12
    He was over paid to begin with and quite honestly I don't think he's worth the money. 10M a year for DBrick... haha, yeah right. The guy isn't that good and if you wanna talk bust, well he's walking that line IMO. Never lived up to the hype. We're happy that he isn't a Gholston like failure for sure. But he sure as hell isn't any better than adequate IMO.

  13. #13
    [QUOTE=southside;3642125]He was over paid to begin with and quite honestly I don't think he's worth the money. 10M a year for DBrick... haha, yeah right. The guy isn't that good and if you wanna talk bust, well he's walking that line IMO. Never lived up to the hype. We're happy that he isn't a Gholston like failure for sure. But he sure as hell isn't any better than adequate IMO.[/QUOTE]
    this is a joke post, right?

  14. #14
    [QUOTE=southside;3642125]He was over paid to begin with and quite honestly I don't think he's worth the money. 10M a year for DBrick... haha, yeah right. The guy isn't that good and if you wanna talk bust, well he's walking that line IMO. Never lived up to the hype. We're happy that he isn't a Gholston like failure for sure. But he sure as hell isn't any better than adequate IMO.[/QUOTE]

    [QUOTE=Jonathan;3642128]this is a joke post, right?[/QUOTE]

    Nah. There are people who really consider him average.

    Most of them are Pats fans but hey, whatever.

  15. #15
    [QUOTE=southside;3642125]He was over paid to begin with and quite honestly I don't think he's worth the money. 10M a year for DBrick... haha, yeah right. The guy isn't that good and if you wanna talk bust, well he's walking that line IMO. Never lived up to the hype. We're happy that he isn't a Gholston like failure for sure. But he sure as hell isn't any better than adequate IMO.[/QUOTE]

    He's widely considered to be a top 10 LT, at the very least (top 1/3 in the league) and most would consider him higher than that.

    Looking at the way the draft played out in 2006, what do you think the Jets should have done. I think your expectations are either too high, or you vastly underrate Brick

  16. #16
    Can't someone (say D'Brick) take out insurance on the contract against injury?

    Not sure what that would cost...

  17. #17
    [QUOTE=thshadow;3642178]Can't someone (say D'Brick) take out insurance on the contract against injury?

    Not sure what that would cost...[/QUOTE]

    YEEEESSSSS!!!

    I am amazed that all of you arent discussing this exact point. For sure Tanny and Bricks agent were.
    In fact, I am sure Tanny even had all of the potential insurance premiums written out on a piece of paper before the meeting even started.This exact type of contract goes hand in hand with HEAVY insurance for D-Brick.

  18. #18
    Jets Insider VIP
    Join Date
    Aug 2007
    Location
    Paris, France
    Posts
    13,143
    [QUOTE=32green;3642051]I have no problem paying guys who get injured trying to accomplish the task at hand.. I have a problem paying guys who dont give a **** about the task at hand and we pay out their contracts for mediocre play.


    So I feel weird about this.

    Brick gets the shaft if he gets hurt? YAY?


    :dunno:[/QUOTE]
    +1

  19. #19
    Brick is a smart dude, he probably invests wisely... and when this is all said and done will probably make a great politician... governor, senator etc.

    so maybe he can do more with 5 mil than others can do with 30 mil.

    still it appears his agent let him down on this one.

    the problem with insurance policies is they only pay out under specific circumstances. For example "career-ending" and "career-changing" are not the same. If Leon had a policy that pays out under career ending injury it doesn't pay out while he's trying to resume his career in Seattle.

  20. #20
    All League
    Join Date
    Sep 2004
    Location
    Hoboken
    Posts
    3,996
    Brick is a top 5 LT in the game. ProFootballFocus has him #3 last year, behind Joe Thomas and Jake Long so anyone claiming he's anything close to a bust is delusional and likely posts on patsfans.com.

    The details of this contract just seem like Mike T pulled one over on Brick though, and I'm not sure the other players will appreciate it all that much.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Follow Us