breakdown of Wilfork's contract????
posted at 3/6/2010 1:52 PM EST
"five-year extension worth $40 million ($25 million guaranteed and an $18 million signing bonus),"
I'm not sure I get it! Is the $18 million signing bonus part of the $40 million or is the $18 million in addition to the $40 million.
If the former, than Wilfork is guaranteed the entire amount. ($25 M + $18 M = $43 M ??????)
If the latter, than that would mean $58 million for 5 years of service or an average of $11.6 million per year???????
Can someone provide a knowledgeable answer as to how this works out?
Re: breakdown of Wilfork's contract????
posted at 3/6/2010 2:09 PM EST
Bonuses are always included in the total.
The total guarantee is $21 million. $18 of that is in signing bonuses. $7 million is likely in the form of some portion of guaranteed salary. The remaining $15 million is in what they call unguaranteed salary, meaning that if VW is cut, NE is not liable for that portion of the contract.
So . . .
$40 million total including $25 million in guarantees, of which $18 million are an up front signing bonus to be pro-rated over the term of the contract.