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WOY DEFENDS DRIVER DEAL
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<blockquote data-quote="SuperRat" data-source="post: 72044" data-attributes="member: 329"><p>PFT actually did say Driver got a pretty good deal. Here it is.</p><p></p><p>DRIVER GOT $4 MILLION TO SIGN</p><p></p><p>A league source has provided us with the real numbers regarding receiver Donald Driver's new four-year contract, which extends by two years his current deal. Previously, Driver's agent had disclosed the salaries and the total value only, without commenting on bonus money.</p><p></p><p>Per the source, Driver got $4 million to sign. He also will receive a $250,000 roster bonus and a $950,000 base salary in 2006.</p><p></p><p>It's a net increase of $3.49 million over his prior base salary of $1.76 million.</p><p></p><p>For 2007, Driver gets a base salary of $2.7 million and a workout bonus of $50,000. The net increase over his the base salary for 2007 from his old contract is $510,000.</p><p></p><p>So Driver gets a total raise of $4 million over the next two years and $4 million in cash now, in exchange for extending the term by two seasons.</p><p></p><p>In 2008, Driver will receive a $1 million roster bonus, a $100,000 workout bonus, and a base salary of $2.9 million. In 2009, he will get a $1 million roster bonus, a $100,000 roster bonus, and $3.9 million in base salary.</p><p></p><p>The total new money, then, is $13 million over four years, for an average of $3.25 million.</p><p></p><p>So it's a pretty good deal for Driver, since he was due to make $4 million over the next two years, but now will make $8 million. And he opted to take the $4 million signing bonus now, in the event that, when he is 33 in two years, he won't get that much on the open market.</p><p></p><p>But he still might be on the open market in 2008 or 2009, due to the $1 million roster bonus in each of the last two seasons of the deal. If the team decides that Driver no longer can play at a high level at age 33 or 34, the Packers will simply opt not to pay the roster bonus.</p></blockquote><p></p>
[QUOTE="SuperRat, post: 72044, member: 329"] PFT actually did say Driver got a pretty good deal. Here it is. DRIVER GOT $4 MILLION TO SIGN A league source has provided us with the real numbers regarding receiver Donald Driver's new four-year contract, which extends by two years his current deal. Previously, Driver's agent had disclosed the salaries and the total value only, without commenting on bonus money. Per the source, Driver got $4 million to sign. He also will receive a $250,000 roster bonus and a $950,000 base salary in 2006. It's a net increase of $3.49 million over his prior base salary of $1.76 million. For 2007, Driver gets a base salary of $2.7 million and a workout bonus of $50,000. The net increase over his the base salary for 2007 from his old contract is $510,000. So Driver gets a total raise of $4 million over the next two years and $4 million in cash now, in exchange for extending the term by two seasons. In 2008, Driver will receive a $1 million roster bonus, a $100,000 workout bonus, and a base salary of $2.9 million. In 2009, he will get a $1 million roster bonus, a $100,000 roster bonus, and $3.9 million in base salary. The total new money, then, is $13 million over four years, for an average of $3.25 million. So it's a pretty good deal for Driver, since he was due to make $4 million over the next two years, but now will make $8 million. And he opted to take the $4 million signing bonus now, in the event that, when he is 33 in two years, he won't get that much on the open market. But he still might be on the open market in 2008 or 2009, due to the $1 million roster bonus in each of the last two seasons of the deal. If the team decides that Driver no longer can play at a high level at age 33 or 34, the Packers will simply opt not to pay the roster bonus. [/QUOTE]
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WOY DEFENDS DRIVER DEAL
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