Kangaroo Craig Posted July 28, 2005 Report Share Posted July 28, 2005 Both ClevelandBrowns.com and GoZips.com have reported that superman has signed his contract and will be in camp today. GoZips.com is reporting that the deal is $5M for four years. Here is the link: http://www.clevelandbrowns.com/news_room/n...rts/4410.0.html Quote Link to comment Share on other sites More sharing options...
GP1 Posted July 28, 2005 Report Share Posted July 28, 2005 How much is signing bonus and how much is salary? Or is that salary only? Maybe it was in the articles, but I read them pretty fast. Quote Link to comment Share on other sites More sharing options...
Dr Z Posted July 28, 2005 Report Share Posted July 28, 2005 How much is signing bonus and how much is salary? Or is that salary only? Maybe it was in the articles, but I read them pretty fast. I don't think that has been anounced yet. I'm a little surprised at the length. I would have to think 4 years benefits Charlie and his agent. Agent Eric Metz told the Associated Press that the deal was contingent on language in the contract being finalized. ESPN.com previously reported that the sides were quibbling over incentives in the fourth year of the deal that would trigger a salary escalator Quote Link to comment Share on other sites More sharing options...
GP1 Posted July 28, 2005 Report Share Posted July 28, 2005 I find NFL salaries fascinating. I don't think the length of Frye's contract is as important as up front bonus money for signing. Players financial security is dependant upon guaranteed money up front and the salary is something that can go away if a player is cut prior to completion of the contract. Base upon what we read in the papers, it does not appear to be the case that the Browns are planning on playing Frye this season with the pick up of Johnson. Frye may not have the opportunity to pick up on field bonuses like Roethlisberger did with the Steelers. If Dilfer plays well and/or doesn't get killed, Johnson will not make much either. Roth... had a salary of around $650,000 last season but earned around $1.7 million with on field bonuses. Frye should go for signing bonus money. If he has to hold out, then hold out. This is a business after all and what can he really lose by holding out? GO FOR THE MONEY! The up front bonus money also puts Frye in a win/win situation. If he does well with the Browns, they can renegotiate his contract after a couple of years and he will get more in salary after getting rich with signing bonuses. He'll also get more signing bonus money in a renegotiation. If things don't work out for him, he has gotten rich through his signing bonus. Then he gets to try his luck with another team that will pay him another signing bonus. Quote Link to comment Share on other sites More sharing options...
Dr Z Posted July 28, 2005 Report Share Posted July 28, 2005 Players financial security is dependant upon guaranteed money up front and the salary is something that can go away if a player is cut prior to completion of the contract. This is an old article but you can get the gist from it. Charlie will NOT get cut under this current contract. Say that he does well in year 2 or 3 of his contract like the Browns are planning on him doing. He will be a very desirable comodity for another team to offer a bigger contract to. Being a restricted FA, a team need only give the Browns a third round pick to get him. Either way, I see his next contract as a bigger one whether it comes from the Browns or not, the four year deal is a positive for him. Just enough time to establish, and not too long where he is stuck with the Browns. Quote Link to comment Share on other sites More sharing options...
GP1 Posted July 28, 2005 Report Share Posted July 28, 2005 This is an old article but you can get the gist from it. Charlie will NOT get cut under this current contract. That's one of the better articles I have ever read explaining contracts in the NFL. Nice work. Question: Where are you keeping these old articles? Quote Link to comment Share on other sites More sharing options...
Dr Z Posted July 29, 2005 Report Share Posted July 29, 2005 Question: Where are you keeping these old articles? Google sure is a great thing. Sounds like 5's agent did a good job. Savage was intent on wrapping up negotiations with No. 3 pick quarterback Charlie Frye of Akron. The four-year deal was clinched Wednesday night, when the Browns agreed to an escalator clause that would pay Frye $2.25 million in his fourth season if he is the team's starting quarterback. The total value of the contract could reach $5 million if Frye hits all his incentives. It includes a signing bonus of $800,000, said agent Eric Metz. "It was important for us to get the fourth year," Savage said of Frye's deal. Quote Link to comment Share on other sites More sharing options...
GP1 Posted July 29, 2005 Report Share Posted July 29, 2005 If anyone out there can find a year by year breakdown, please do so. Also, if there are comparisons to other players drafted around when Frye did it would be interesting to know their bonus. I actually though Frye would have received more signing bonus money. Maybe $1 million minimum. The money is more valuable to him now than it will be in three or four years because he could be earning interest on that extra money. I really do think he should have held out for more bonus money. Quote Link to comment Share on other sites More sharing options...
Zipsrifle Posted July 29, 2005 Report Share Posted July 29, 2005 Honestly, how many NFL rookies understand the time value of money? Frye might, but 90% of the others don't seem to. I love the "What every happened to:" shows on TV when I hear former millionaires whine about how they were cheated out of their money. Quote Link to comment Share on other sites More sharing options...
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