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this is a discussion within the Saints Community Forum; It’s all about the precident, once the contract money is guaranteed that money has to be put into an escrow account and the team needs to account for in annual Cap projections. It can be a serious cash constraint for ...
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#1 |
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Re: Saints’ Tyler Shough Wants Fully Guaranteed Deal, Delaying Second-Round Signings
It’s all about the precident, once the contract money is guaranteed that money has to be put into an escrow account and the team needs to account for in annual Cap projections. It can be a serious cash constraint for some teams/owners.
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#2 |
10000 POST CLUB
Join Date: Sep 2007
Location: Bossier City, LA
Posts: 26,762
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Re: Saints’ Tyler Shough Wants Fully Guaranteed Deal, Delaying Second-Round Signings
Originally Posted by WW_Who_Dat
I believe that Gayle can cover that minimal 2nd round guarantee annually if needed. I'm seeing she's now worth $7.88 billion. That said, that "funding rule" appears to have a rather fuzzy definition.![]()
Setting a New Standard for Guaranteed Contracts From the article above ... That did not happen. But we may have hit a turning point with the Cleveland Browns and Deshaun Watson. For years, clubs have told agents that a main reason for not guaranteeing contracts was the “funding rule” – an archaic league rule that says teams must put into escrow an amount of money equal to what they are guaranteeing a player in any contract beyond the first year. Thanks to Jimmy Haslam and Andrew Berry of the Browns for doing what other NFL owners and executives have mostly been unwilling to do, despite comments and reports of other NFL owners bemoaning the move. We once again have proof that the funding rule is an artificial barrier to guaranteed money, and credit to David Mulugheta, Watson’s agent, for working with our union to push past it. |
“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill
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