Quote:
Originally Posted by Schneed10
No, definitely not a paycut. I don't know why you're saying that?
He was due just over $8 million in base salary over 2007 and 2008. I haven't seen the terms, but my guess is his signing bonus with this extension will be in that range ($8 million or so). He'll then have vet minimum salaries for the first two or three years, and then the contract will be largely backloaded.
It's probably one of those 5 year deals that are only supposed to last 3 years before they're either restructured or he's let go. But it's definitely not a paycut.
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His current deal was due to pay him 4.25 and 4.75 in salary for 07 and 08. His cap number was 5.85 and 6.35 respectively. The new deal averages 4.4 and I would suspect that it is a typical large bonus/backloaded deal so he will never see the big salaries in the contract. I have no idea what the numbers are but I would expect a salary of 1 or two million for the first two years so he did take a paycut from a salary perspective.