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Plaxico Shot in Club

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Old 12-02-2008, 03:13 PM   #1
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Re: Plaxico Shot in Club

The Giants were smart with the contract they gave Plax:

Giants GM Jerry Reese negotiated a great contract to lock up Burress before the season, making it about as safe a deal as he could, with miniscule guarantees. The Giants can cut or trade Burress after the season and simply eliminate $23 million of the $27-million-in-new-money deal he signed with the Giants. In effect, as I said on NBC last night, when I examine the deal, I see the contract totally on the come. And the first big test of this contract will come on Dec. 10, when Burress is due $1 million from the original and only guaranteed money in the deal, the third installment of a $4.325-million signing bonus when he signed. Let me break down all of the non-guaranteed money in the Burress deal that makes it absolutely simple for the Giants to cut the cord with him after the season:

• Non-guaranteed base salaries: $11.5 million ($1 million in 2009, $3.5 million in 2010, $3.5 million in 2011, $3.5 million in 2012).

• Non-guaranteed one-time bonus to be paid early in the '09 off-season: $2 million.

• Non-guaranteed roster bonuses: $3.5 million ($500,000 in '09, $1 million in 2010, $1 million in 2011, $1 million in 2012).

• Non-guaranteed escalators, payable only on high performance: $5 million ($1.25 million in '09, '10, '11, '12.) He has not reached his escalators yet that would kick in for 2009.

• Non-guaranteed workout bonuses: $1.3 million ($325,000 in '09, '10, '11, '12).

Burress also has a clause in his contract that could come into play and cost him $400,000 this year. For every game he's ineligible to play in because of non-injury reasons, he doesn't earn a $100,000 per game roster bonus.

Awfully sad. "Trouble just follows him,'' said Bucs cornerback Ronde Barber. No one over the weekend was arguing.

link: Dr. Z is best football writer of our time - Peter King - SI.com
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Old 12-02-2008, 05:17 PM   #2
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Re: Plaxico Shot in Club

Quote:
Originally Posted by Mattyk72 View Post
The Giants were smart with the contract they gave Plax:

Giants GM Jerry Reese negotiated a great contract to lock up Burress before the season, making it about as safe a deal as he could, with miniscule guarantees. The Giants can cut or trade Burress after the season and simply eliminate $23 million of the $27-million-in-new-money deal he signed with the Giants. In effect, as I said on NBC last night, when I examine the deal, I see the contract totally on the come. And the first big test of this contract will come on Dec. 10, when Burress is due $1 million from the original and only guaranteed money in the deal, the third installment of a $4.325-million signing bonus when he signed. Let me break down all of the non-guaranteed money in the Burress deal that makes it absolutely simple for the Giants to cut the cord with him after the season:

• Non-guaranteed base salaries: $11.5 million ($1 million in 2009, $3.5 million in 2010, $3.5 million in 2011, $3.5 million in 2012).

• Non-guaranteed one-time bonus to be paid early in the '09 off-season: $2 million.

• Non-guaranteed roster bonuses: $3.5 million ($500,000 in '09, $1 million in 2010, $1 million in 2011, $1 million in 2012).

• Non-guaranteed escalators, payable only on high performance: $5 million ($1.25 million in '09, '10, '11, '12.) He has not reached his escalators yet that would kick in for 2009.

• Non-guaranteed workout bonuses: $1.3 million ($325,000 in '09, '10, '11, '12).

Burress also has a clause in his contract that could come into play and cost him $400,000 this year. For every game he's ineligible to play in because of non-injury reasons, he doesn't earn a $100,000 per game roster bonus.

Awfully sad. "Trouble just follows him,'' said Bucs cornerback Ronde Barber. No one over the weekend was arguing.

link: Dr. Z is best football writer of our time - Peter King - SI.com
This is the new NFL contract that is giving to players with a troubled past. Its named "TO" for short as lawyers "took Off" pretty much all of the guaranteed money in these deals.
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Old 12-02-2008, 05:32 PM   #3
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Re: Plaxico Shot in Club

Plaxico is not going to get any special treatment from the police and will be charged.

The Giants are going to drop this guy like a rock. He's a distraction in their bid from another SB. He let the team down with this idiocy. Others will take his place - the Giants are that good.

The NFL is going to suspend him or worse before the trial.

BL - the Giants will move on regardless of ANY cap or money issues. The NFL is going to move on. Plaxico may never play NFL football again.
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Old 12-02-2008, 07:23 PM   #4
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Re: Plaxico Shot in Club

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Originally Posted by A10sROCK View Post
Plaxico is not going to get any special treatment from the police and will be charged.

The Giants are going to drop this guy like a rock. He's a distraction in their bid from another SB. He let the team down with this idiocy. Others will take his place - the Giants are that good.

The NFL is going to suspend him or worse before the trial.

BL - the Giants will move on regardless of ANY cap or money issues. The NFL is going to move on. Plaxico may never play NFL football again.


He was charged yesterday,booked and released on $100,000 bail.
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Old 12-03-2008, 04:53 PM   #5
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Re: Plaxico Shot in Club

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He was charged yesterday,booked and released on $100,000 bail.
I didn't know that, my comments were simply a prediction of what I thought would happen.
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