Tuesday Afternoon Open Thread: Rookie Contracts

by Blitzburgh on Apr 22, 2008 1:58 PM EDT in News

Just a couple thoughts from me, then an open floor for us to vent about the ridiculous nature of rookie contracts.

First, as it relates to Max Starks, #1 picks now cost about $10 million dollars per year, at least that's what JaMarcus Russell received, including $30+ million guaranteed. Brady Quinn, selected just one spot lower than the Steelers' position this year, got a $20 million dollar deal, with $7+ mil guaranteed and incentive clauses, options and escalators that could make the deal worth as much as $30 million. If things go to plan in Cleveland, Quinn wont sniff the field this year, meaning he will have pockted 2/5 of that $7 mil guaranteed and $8 of the $20 million in contract money. That's a lot to have never played a meaningful down. So, with Starks, if we do in fact have concrete plans to start him on our offensive line (provided he's in shape), that $7 million is not such a bad investment comparatively, especially if you factor in what intangible worth he could provide the franchise by protecting the organization's most valuable asset - Big Ben.

Is there an end in site to the ever-growing rookie salaries? On one hand, you might think there has to be, since the rookie pool is a capped number as per the Collective Bargaining Agreement:

The Rookie Cap is the specific pool of money within each franchise's salary cap that is reserved for the signing of recently drafted athletes and any undrafted rookie free agents. More precisely, like the League Salary cap that establishes the ceiling for the total for a given franchise in a given year, the Rookie Cap is the maximum amount that franchises can spend on rookie contracts. The sum of each franchise's Rookie Cap comprises the league-wide Entering Player Pool.

So, how do teams get around it? Well, they do so with option bonuses and very crafty and creative incentives. Many of these incentives are classified as 'NLTBE' or 'Not Likely To Be Earned', but in reality they are quite achievable, usually in the form on low snap totals. Also, the amount that teams are able to spend on rookies only applies to that first year, meaning all these NLTBE incentives are just backloaded in the contract after year one.

Agents are pirrahnas, no doubt.

But owners are suckers for giving in. They created this mess too. Now they've got to sleep in the bed they helped make.

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Rookie contracts

are out of control...30M guaranteed for a guy who hasn't played a down in the pros??

And it's hurting the game...the draft is obviously structured to allow the worst teams to pick first to get the best players or trade down for multiple players.

However, teams are really reluctant to trade up into the top ten because
1) It costs so much to move up in terms of future draft picks
2) It costs so much in terms of guaranteed $$

...especially with the high "bust" rate(50%), it just isn't worth it.

(I think it was ESPN that reviwed the top 10 picks from the draft 3 years ago...only 1 pro bowl player and 2 or 3 guys already traded...Alex Smith #1 overall) Not good odds!!

So, unless the bad teams "hit" on their pick, they stay bad b/c their saddled with the huge guaranteed contract...with very little hope of trading down for multiple picks at less guaranteed money...the cycle perpetuates itself...

by SteelerMike on Apr 22, 2008 4:28 PM EDT reply reply 0 recs

Speaking of Rookie Contracts

The first OL is off the board and it's not even Wednesday yet. Jake Long has agreed to a contract with the Dolphins for a reported 5 years $57.5 million with a handsome 30 million guaranteed.

by cgolden on Apr 22, 2008 5:04 PM EDT reply reply 0 recs

So Parcells got his wish

That's slightly less than what Russell got last year, and apparently, that was what he wanted to do. This still doesn't negate the need to set a rookie salary cap. But, that's going to be up to the veterans to demand.

by WolfpackSteelersFan on Apr 22, 2008 5:12 PM EDT up reply reply 0 recs

St. Louis

Does anyone know if the Rams can start negotiating with whoever they want?

If so, has there ever been a draft when multiple picks were signed prior to 'draft day'?

by cgolden on Apr 22, 2008 6:43 PM EDT up reply reply 0 recs

yes

the Rams could. don't think it's ever happened, the last time the #1 was already signed was Mario Williams but it only happened a day or so at most before the draft. This is a few days so St. Louis could do it plausibly.

by TheMostViolentTeam on Apr 22, 2008 6:55 PM EDT reply reply 0 recs