Thursday, May 28, 2009

Quickie - Will Allen

Normally I wouldn't suspect too many people would be interested but since the new Will Allen contract extension drew so many comments over the last few days, I thought I'd share the confirmed information with you all.

The contract was indeed for 3 years and $16.2 Million. However, the signing bonus was only $1.5 Million, and the first two years of the contract salaries are guaranteed.

It breaks down as follows:

2009 $4 Million Salary, $500k Bonus = $ 4.5 M
2010 $5.2 M Salary, $500k Bonus = $ 5.7 M
2011 $5.5 M Salary, $500k Bonus = $ 6 M

By doing some simple math, you'll see that the guaranteed money is $10,700,000.

Also, 2011 could be a simple, relatively painless snip of Allen if he slows down due to age/injury.

After seeing the way the contract is structured, I feel a lot better about it, but I still don't see why they couldn't wait until after training camp to extend him. But that point is moot, he's here now and likely got similar money to what he would get on the open market in 2010. That said, I guarantee he'll have to be still starting in order to get that 2011 money.

3 comments:

  1. The Knight who says Ni!May 28, 2009 at 3:53 PM

    I think it's pretty clear that the trifecta plans on competing for a championship this year. Some of us fans may not think we're ready, but this team isn't a bunch of rookies and 2nd year players getting their feet wet. There are plenty of seasoned vets and players in their prime on this team with a good youth movement waiting in the wings.

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  2. I have a similar contract at work.  I'm guaranteed to make a certain amount which isn't much, but in 2011 they MIGHT pay me a few million dollars. 

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  3. Got any openings???????

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