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PATTERSON GETS PAID
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<blockquote data-quote="PackerLegend" data-source="post: 114322" data-attributes="member: 518"><p>The Eagles have signed defensive tackle Mike Patterson to a long-term extension, locking up the team's 2005 first-round draft choice through 2016 via a seven year extension that doesn't even begin to apply until 2010.</p><p></p><p>Under the contract, Patterson gets $4.5 million to sign and a $4.5 million roster bonus in 2007. The salaries beginning in 2010 are $1.1 million, $1.4 million, $2.1 million, $2.9 million, $3.65 million, $4.9 million, and $6.25 million.</p><p></p><p>But since the only real guarantee is the $4.5 million signing bonus, and since that money prorates at $900,000 per year starting this year, there will be no cap acceleration if he is cut in 2010 or thereafter.</p><p></p><p>From 2010 and onward, then, the contract is a series of one-year deals -- and very reasonable salaries if Patterson becomes a stud. And if he becomes a stud, he'll surely claim that he has outperformed his deal.</p><p></p><p>Before Patterson or his agents succumb to that temptation, they need to keep in mind the $9 million in bonuses that Patterson has received in exchange for voluntarily tying himself down for the next decade.</p></blockquote><p></p>
[QUOTE="PackerLegend, post: 114322, member: 518"] The Eagles have signed defensive tackle Mike Patterson to a long-term extension, locking up the team's 2005 first-round draft choice through 2016 via a seven year extension that doesn't even begin to apply until 2010. Under the contract, Patterson gets $4.5 million to sign and a $4.5 million roster bonus in 2007. The salaries beginning in 2010 are $1.1 million, $1.4 million, $2.1 million, $2.9 million, $3.65 million, $4.9 million, and $6.25 million. But since the only real guarantee is the $4.5 million signing bonus, and since that money prorates at $900,000 per year starting this year, there will be no cap acceleration if he is cut in 2010 or thereafter. From 2010 and onward, then, the contract is a series of one-year deals -- and very reasonable salaries if Patterson becomes a stud. And if he becomes a stud, he'll surely claim that he has outperformed his deal. Before Patterson or his agents succumb to that temptation, they need to keep in mind the $9 million in bonuses that Patterson has received in exchange for voluntarily tying himself down for the next decade. [/QUOTE]
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