Quote:
Originally Posted by rfaulk34
He's the ultimate 'can't teach an old dog new tricks' kind of guy. He's loyal to a fault and that loyalty is the money he has to pay in contracts. He will wring the last penny out of them, results be damned. As long as he's can use black ink, that's all that matters.
Old ways, set in stone. Unwilling to adapt and change with the times. He's always been cheap, just like his dad because that's what he knows and he's locked into it.
Anyway, to my question. I was looking at it wrong. I think i have it now. The escrow a team has to put aside is the total number of guaranteed money, minus the first year salary and signing bonus (and maybe options etc). Anyway, to make it easier i'm just going to calculate total guarantee - first year salary + signing bonus.
So for a guy like Burrow, Mike Brown would have to put about $178M in escrow for his guarantees. So, i can see where the numbers might get big enough for some serious sticker shock for a guy like Mike, or for a guy(s) who don't manage their caps well and/or hire/fire guys like it's going out of style, ala Faid.
Paul Brown was an OG football guru. Mike played FB in college but he's more lawyer/business man than football guy.
Thanks for the input, homie.
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One thing that plays a part is guaranteed contracts. When the team has to guarantee a contract for a big money player, they don't get to just live on the promise. The team actually has to put that money into escrow so that if the owner goes bankrupt, the player still gets paid. In the modern age of enormous contracts for quarterbacks and some other players, that amounts to a lot of cash. Therefore, owners that are not very liquid have more trouble signing players to long term contracts than cash rich owners.