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June 17, 2014Joel Embiid’s workout with Cavs was “major success”
June 17, 2014
Money Manziel officially has more, well, money as the Cleveland Browns have announced that they have agreed to terms with their second first-round draft selection. The deal is reported to be for four years worth approximately $8.3 million. Manziel will receive a signing bonus of $4.3 million with 94 percent of his contract guaranteed—sixty-five percent of which hits in Year 4. He also has a $250,000 roster bonus due in March leading into Year 4.
Manziel, the No. 22 pick in the recent NFL Draft, compiled a 20-6 record over two years as a starter at Texas A&M. He completed 595 of 863 passes for 7,820 yards and 63 touchdowns. On the ground, he compiled 2,160 yards and 30 touchdowns. Manziel averaged 384.9 yards of total offense per game.
Speaking last Thursday, Browns head coach Mike Pettine confirmed that Brian Hoyer will enter training camp as the Browns’ starter, but that he does not have an “insurmountable” lead on the highly-scrutinized Manziel.
No word on if Johnny negotiated his deal over the Money Phone. [rubs fingers]
18 Comments
I laughed a lot at the money jokes.
Did JFF charge them for signing his name?
Can’t come up with a single non-lame joke (“Guess he was running out of cities where his bar tabs weren’t overdue!”].
Never have understood why these guys dare participate in OTAs before their contracts are signed and bonuses paid. There may not be any hitting but you can certainly tear up a knee or shoulder.
Can’t come up with a single non-lame joke (“Guess he was running out of cities where his bar tabs weren’t overdue!”].
Never have understood why these guys dare participate in OTAs before their contracts are signed and bonuses paid. There may not be any hitting but you can certainly tear up a knee or shoulder.
Updated with details. Four years, essentially fully guaranteed.
http://2.media.collegehumor.cvcdn.com/35/53/3f84b934f12a8e256560e417e75a1ec3.gif
I thought I read some where that they get insurance to cover them for their expected signing amount up to the point they actually sign.
I believe I’ve heard this as well.
$8.3mil apparently
I have to say I am disappointed. Yes, it is good that he’s signed and will be in camp on time in July. But, NFL teams have an option of a 5th year on 1st round contracts. Getting a QB under contract (and thus cheap for 1 more year) is a big deal.
Yeah, sometimes if I would bother just taking a second to look … from Peter King this year:
“Currently, draft picks sign a simple, one-page protection letter, which promises that they’ll get the contract they would have gotten for the draft slot they occupy, if they suffer a serious injury during offseason workouts.”
http://profootballtalk.nbcsports.com/2014/04/15/offseason-workouts-the-next-frontier-for-rookies-to-say-no
According to the other 4-letter website, there is a team option for year 5:
“Like all first-round picks, his contract also includes a fifth-year team option.”
http://espn.go.com/nfl/story/_/id/11097156/johnny-manziel-agrees-rookie-deal-cleveland-browns
ah, okay. I could have sworn the 5th year was not always there (haven’t there been holdouts over it?). anyways, if we have a 5th year, then consider me relieved.
Cash?
in Scoobie Snacks
http://www.cinemablend.com/images/sections/57862/johnny_manziel_57862.jpg
http://farm6.staticflickr.com/5212/5386150367_20a383e3c7_o.gif
Is it just me, or does this seem like a really fair deal? I’m impressed.
(I don’t know much about CBA, contracts, etc.)
Why tie up 65% of his contract hit in year 4 if we have so much cap space now?