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Woodson contract update from kffl

Discussion in 'Packer Fan Forum' started by longtimefan, May 3, 2006.

  1. longtimefan

    longtimefan Super Moderator Staff Member Super Moderator

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    Packers | More details on Woodson's contract
    Wed, 3 May 2006 06:03:21 -0700

    PackersNews.com reports Green Bay Packers CB Charles Woodson's contract with the Packers pays him a $4 million signing bonus. In 2006 he will earn a $4.35 million roster bonus and a $53,000 workout bonus. In 2007, Woodson will receive a $1 million roster bonus, due the 10th day of the league year, plus a base salary of $1.25 million, plus a $100,000 workout bonus. His $1.25 million base salary is guaranteed against injury, so if he gets hurt and the Packers cut him in the offseason because of the injury, they still must pay him the $1.25 million. If they cut him simply for poor performance, they won't owe him anything. From 2007 until the final year of the contract, he'll receive a $56,000 roster bonus each week he's on the team's 45-man game-day roster. That means he can make $896,000 a season if he's activated for every game. He also can earn a $100,000 workout bonus each season from 2007 to 2011. Woodson also has incentives and escalators for making the Pro Bowl. Any season he's chosen for the Pro Bowl, he'll receive a $100,000 bonus, and more importantly, his base salary the following season will increase $1.5 million. If he makes the Pro Bowl as an alternate, he'll receive a $25,000 bonus and his salary the next year does not change.
     
  2. longtimefan

    longtimefan Super Moderator Staff Member Super Moderator

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    I wonder if TT, John Jones or Andrew Brandt came up with the way this deal is..

    I know Andrew is supposedly the one that makes the contracts "work" but wonder who did all the thinking on it all..
     
  3. Bobby Roberts

    Bobby Roberts Cheesehead

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    That's a very confusing contract. In summary, he gets a lot of money this year. The better he plays, the more he'll get paid down the road.

    By structuring it this way, it would not be a major cap hit if we had to cut him. Also, his cap hit in the following years is not as big since the signing bonus is only $4.35 million.

    Sounds like a good deal for both sides.
     
  4. DePack

    DePack Cheesehead

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    Right...it is a smart contract because it is a "big cap hit" this season. We needed it. With the new CBA you can only be so far below the cap number or you are penalized. This contract accomplishes this AND saves us room in the future.
     
  5. Bobby Roberts

    Bobby Roberts Cheesehead

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    Actually I was never worried about getting the cap up to the minimum.

    Favre is playing and that's an extra $8 million the cap. Hawk is the #5 pick, which means a big contract that can be front loaded instead of a gigantic signing bonus. Then there's signing players after the June 1st cuts along with extending contracts (specifically Driver's, which I think is in the works).

    Worst case is to be below the cap, in which the difference of our cap and the minimum would be split evenly for the players on the roster. Not much of a penalty really.
     
  6. DePack

    DePack Cheesehead

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    Yea, but if you're gonna be below the cap might as well spend it on future relief. Gives us an opportunity to have more space in future years.

    Favre's number was always included and Hawk's is pretty much set.
     

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