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Originally Posted by dblanch66
Its called a 'signing bonus'. That is the guaranteed money. The rest of the contract should be honored. If he wants to renegotiate the contract, he should then agree to return ALL of the signing bonus. The bonus is contingent to signing the CONTRACT. Carl Banks is a moron and I'm not taking any of his uneducated arguments seriously. TO is to football, what Peter King is to journalism.
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Excellent point. Let's not understate this point either guys. If you want to draw comparisons between businessmen and atheletes, then let's really consider how T.O.'s actions in the business world would be dealt with.
Scenario: Donald Trump contracts with a world-famous architect to design a new, high-tech, new-age apartment building. The terms of the contract are that Trump pays 7 million dollars up front as GUARANTEED money to get the architect to come and work for Trump (in this scenario, there is a ton of competition out there for this architect's services......he's one of the top two or three architects in the world). After the $7 million dollar up front bonus, the architect is to work on the design and construction of the apartment building over the course of the next 5 years for $500,000 per year. Trump has built into the contract that EVEN THOUGH HE ALREADY PAID the architect $7 million dollars in signing bonus, if Trump has artistic differences with the architect, and he is not happy with the way the building is looking, he can fire the architect at any time and not have to pay him any of the remaining $500,000 yearly salary (but he CANNOT recoup the $7 million already paid).
Now, it's one year into the design and construction of the apartment building and everything is going great. Trump is thrilled with the architect's job so far. Knowing this, the architect decides to walk off the job, and refuses to come back until Trump forks over another couple of Million $ and a higher salary. He says: "I want to renegotiate, and if you don't give me a better deal, I'll sit at home and refuse to perform under my contract."
Now, in the business world guess what happens? Trump hires a big time law firm to file suit against the architect for breach of contract. And guess what.....He wins.
So as you can probably all tell, I think Carl Banks' argument is rediculous and the analogy isn't well thought out. Does Trump want to make another billion next year? Yep, of course he does. Does the architect want to make millions more? You bet. CAN THE ARCHITECT BREACH HIS CONTRACT TO DO IT?
NO It's not only not right, it not legal in any other setting than professional sports.