Quote:
Originally Posted by Grim21Reaper
If they had not extended and they kept him on the roster that was how much he would have been paid. He has already received the bonuses of 1.65 and 1.65. If they had not touched his deal he would have received salary of 4.25 in '07 and 4.75 in '08. Just because he received the bonus in a lump sum up front doesn't mean that the cap number isn't what they are paid.
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Wrong. He would have been paid $9 million over the next two years. It's quite simple. What Jansen has been paid in 2006 and years prior is now irrelevant. Those years have come and gone. What matters is what he's going to be paid FROM NOW ON. Was scheduled for $9 million, and instead he'll make $11 million in the next two years.
But if you want, I'll indulge you and factor in what he previously made:
Even if you just want to look at guaranteed money only, this is still a boost. His old contract was a 6 year deal with a $7.5 million signing bonus. He played only 4 years of the contract. So $7.5 million divided by 4, that's $1.875 million per year. This new contract is a 5 year deal with a $10 million bonus, or $2 million per season (and that's
IF he plays out the whole contract, which he likely won't).
Or we can evaluate what Jansen made (bonus and salary) in his 4 years under his old contract, and divide by four. He had the $7.5 million bonus, and made another $7 million in base salaries over that time. Total income was $14.5 million, divided by 4 years, that's $3.625 million per season. Under this 5 year extension, total contract value is $23 million over 5 years, or $4.6 million per season. A pay increase. He might never see the last two years of this deal. In that case it would be a 3 year deal, allocating the $10 million signing bonus, that would be $3.3 million per year in bonus alone. Add on vet minimum base salaries on top of that, at $700K each year, that's $4 million per season. Still greater than the $3.625 million he actually collected each season under his old contract.
It's a pay raise no matter how you look at it.