Pack93z
  • Pack93z
  • Select Member Topic Starter
15 years ago
This is how a team should keep the carrot out there on the player, yet protect the player in case of a career altering injury.

Guarantee it against injury, but not just a blanket guarantee.. well done Jets Brass.

Rhodes' contract contains a $4.78 million hole
Posted by Mike Florio on November 25, 2009 2:10 PM ET
In response to the news that the Jets have benched safety Kerry Rhodes, he likely can take some solace in his contract that pays him $20 million guaranteed, right?

Well, not completely.

A league source tells us that a large chunk of Rhodes' guaranteed money is guaranteed for injury only, and not for skill. So if the Jets cut Rhodes, the guaranteed money won't be paid.

So if the Jets opt to sever ties with Rhodes before the 2010 season, he won't earn a $2 million guaranteed (for injury only) roster bonus or a $2.78 million guaranteed (for injury only) base salary.

That's $4.78 million in supposedly guaranteed money that will evaporate if the benching is the first step toward a bumping of Rhodes from the roster.

As Rich Cimini of the New York Daily News points out, Rhodes has yet to register a single impact play in 10 games. He has zero interceptions, no sacks, no forced fumbles, and no fumble recoveries.

Cimini believes that the benching traces to Rhodes' failure to deliver a big hit to Pats receiver Wes Welker on Sunday, during a play in which Welker gained 15 yards.

As Cimini also points out, there are rumblings that Rhodes isn't sufficiently focused on football, given his fledgling acting and modeling career.

"PFTalk" wrote:


"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
Nonstopdrivel
15 years ago
Why should the team guarantee vast sums of money in case of injury? That's the job of an insurance company, not a sports franchise. If teams want to protect their players in case of career-ending injury -- a move I applaud, by the away -- they should be taking out disability policies on them. That way they reduce their investment; shift the majority of the risk to the insurance company, where it belongs; and prevent their players from being screwed over by the cold vagaries of chance.
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IronMan
15 years ago

Why should the team guarantee vast sums of money in case of injury? That's the job of an insurance company, not a sports franchise. If teams want to protect their players in case of career-ending injury -- a move I applaud, by the away -- they should be taking out disability policies on them. That way they reduce their investment; shift the majority of the risk to the insurance company, where it belongs; and prevent their players from being screwed over by the cold vagaries of chance.

"Nonstopdrivel" wrote:



I am pretty sure no insurance company out there would take on that kind of a risk.
dfosterf
15 years ago

Why should the team guarantee vast sums of money in case of injury? That's the job of an insurance company, not a sports franchise. If teams want to protect their players in case of career-ending injury -- a move I applaud, by the away -- they should be taking out disability policies on them. That way they reduce their investment; shift the majority of the risk to the insurance company, where it belongs; and prevent their players from being screwed over by the cold vagaries of chance.

"IronMan" wrote:



I am pretty sure no insurance company out there would take on that kind of a risk.

"Nonstopdrivel" wrote:



They do, they don't, and they do.

It is negotiated. All depends on leverage and priorities of the various parties.

The insurance companies do offer these athletes insurance policies against injury.

I think you will find answers to all of that from a far more authoritative source than yours truly, if Brandt has an archive at NFP. Also the agent guy at the same place, mix/match. Between the two of them, they have answered those questions. It will take a bit of legwork.

All I can say is that I have read it from those two.
Pack93z
  • Pack93z
  • Select Member Topic Starter
15 years ago
My point is this.. if you are going to guarantee money, this is how to do it.

IMO.. they shouldn't guarantee contracts, but I can accept it in this type of arrangement.
"The oranges are dry; the apples are mealy; and the papayas... I don't know what's going on with the papayas!"
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