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Originally Posted by jdlea
That's not the way it is at all! Okay...Trump hires the architect and says I'll guarantee that you get your $7 million over the first 3 years of the contract and then you'll get $3,500,000 over the next 7. So what happens is he gets his 7 mil, but he gets something like
Year 1: $300,000
Year 2: $300,000
Year 3: $350,000
Year 4: $400,000
And then Trump fires him before the architect sees any of the real money they agreed he would be paid OR He says that needs to sign architects to build some new hotels so he needs him to go ahead and get rid of the last fews years where he was going to make his money and Trump will give him another $8 million over the new contract which will be longer and even more backloaded. That's the NFL.
TO is gonna make something like $756,000 next year and $1 million the year after that. All of the rest of the money is at the back end of the deal. So what he wants is to have the backloaded money moved forward. The Eagles never get close to the salary cap so financially it makes no difference.
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Ok, I don't know where in the world you are getting your numbers from, but last year, TO made $9,160,700 in salaries and bonuses. HOW is that back loaded?
Regardless, my point remains. A comparison was made between TO and Donald Trump or Ralph Lauren, whoever, doesn't matter. And what I'm saying is in the business world, it doesn't matter how greedy you are, when you sign a contract, you are bound to that contract. As part of their contract, the Eagles paid TO a TON of money last year (over $8 million of that was from bonuses). They certainly didn't do that with the understanding that it would only buy them one year of TO's services. The reason players get so much up front money is so that they are guaranteed to be set financially. Do the teams have the right to fire the players? Yes, of course. But they've already paid for that right when they made them a multi-millionaire before the player even takes the field for them.
Again, it's just a simple matter of contract law here. TO signed a contract, if he starts missing mandatory events he will be breaching that contract. The teams have reserved the right to terminate that contract whenever they want........they paid up front money to TO to get him to agree to that. Any analogy between TO and Donald Trump or Ralph Lauren ends with the fact that they both want to be rich. Other than that small commonality, Carl Banks needs to recognize that pro atheletes are given an extreme amount of slack compared to the way corporate America normally works........thus, his analogy is poor.