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Thread: contract ?

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    Silent Hippy's Avatar
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    contract ?

    okay heres the scenario, i play with the dolphins, my current contract is
    2million for 5 years.
    2 questions....is that 2million per year, or total?
    and last question, if i get cut after my first year, will they still have to pay me off?
    last question. if i retire after my first year, do i have to pay them back?
    thank you
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    C0dy's Avatar
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    To levi

    Usually it means 2million per year....
    They have to pay you i beleive after u retire....im not
    sure on that last one though.
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    burton87's Avatar
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    Quote Originally Posted by C0dy
    Usually it means 2million per year....
    No, It means in total,
    for example If Chambers signs for a 6 year 34 million dollar contract, we are not paying him 34 million a year...
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    LIQUID24's Avatar
    hi

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    Quote Originally Posted by Levi
    okay heres the scenario, i play with the dolphins, my current contract is
    2million for 5 years.
    2 questions....is that 2million per year, or total?
    and last question, if i get cut after my first year, will they still have to pay me off?
    last question. if i retire after my first year, do i have to pay them back?
    thank you
    If you get cut, the only thing they owe you is the signing bonus.
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    FinHeaven VIP

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    2 million for 5 years would like something like this

    YR1= 200,000

    YR2=300,000

    YR3= 400,000

    YR4= 500,000

    YR5=600,000
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    FinHeaven VIP

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    Quote Originally Posted by Levi
    okay heres the scenario, i play with the dolphins, my current contract is
    2million for 5 years.
    2 questions....is that 2million per year, or total?
    and last question, if i get cut after my first year, will they still have to pay me off?
    last question. if i retire after my first year, do i have to pay them back?
    thank you
    First of all, a 5 year 2mil contract is pretty much league minimum if you are a rookie in the 1st year, but thats another question.

    If you get cut the team does not have to pay off your contract. You do get to keep any signing bonus you were already given though. If you retire, the team does not have to continue to pay your salary and you may even be asked to return a portion of your signing bonus (ala Barry Sanders)
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    CrunchTime's Avatar
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    Quote Originally Posted by yankeehillbilly
    First of all, a 5 year 2mil contract is pretty much league minimum if you are a rookie in the 1st year, but thats another question.

    If you get cut the team does not have to pay off your contract. You do get to keep any signing bonus you were already given though. If you retire, the team does not have to continue to pay your salary and you may even be asked to return a portion of your signing bonus (ala Barry Sanders)
    Yankee.You are one of the Cap Gurus for me.I know there are others but its good to hear the bottom line on contracts.:cool2:
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    spydertl79's Avatar
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    Quote Originally Posted by pwn3dyo
    2 million for 5 years would like something like this

    YR1= 200,000

    YR2=300,000

    YR3= 400,000

    YR4= 500,000

    YR5=600,000
    Im pretty sure there are different ways to structure contracts.
    Quote Quote  

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