Quote:
Originally Posted by Scalper
I'm not going to regurgitate my previous posts.
He has less than $20M after taxes agent fees and has easily blown at least $10M. I'd bet he has less than $5M in bank or short-term liquid assets by conventional balance sheet reckon. His $30M last year included $27M signing bonus prorated at $7.xM last year, $5.4M next four years. It is not salary he collected free and clear without obligation, like normal salary, it is a bonus against future performance, which is again why him holding out is so atrocious. He sits out games holding out, team can go after him for bonus, plus fine him just under $4M a year. So if he holds out and team goes after bonus, yes he will be bankrupt very quick, as I explained previous post, especially because he can't get the taxes he paid or agent fees he paid back. Wilson shows up week 11 next year, team can go after him for $3.375M of bonus, and he only gets about $4M in salary for 30% of season, which fines approach or exceed. So next year he would earn nothing or less than $1M in salary, and owe team $3.4M in bonus. Your post looks at raw income without the qualitative factor of what form of income it was. 68% of what Watson has earned is signing bonus, and he is on hook for huge percentage of that if he holds out.
But even if he doesn't go bankrupt, he has 5-8 years of top earning potential, the owners earn forever owning the team. Every year Watson holds out he is the big loser because his window of his prime is finite and closing. Houston will let him wither on the vine holding out, just on principle. Serves the turd right for signing a huge deal and then having no loyalty. McDonald's is always hiring. :-)
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Thank you.
I'd also like to add I kinda see Scalper's point here.
In a rational world with a rational owner, Cal McNair and Jack Easterby would realize they have an unhappy asset worth beaucoup assets, and they would open the trade market for him.
But McNair and Easterby seem to operate on Snyder/Allen lines. Are they petty enough to not even entertain offers? Yes. Will Watson sit out a year? Yes. In our situation with Trent, Snyder and co. blinked first. I think McNair and Easterby will too eventually, even if it's not this year.