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Le'Veon Bell signs with Jets for real this time


49erurtaza

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5 minutes ago, kramxel said:

Bell has earned around 16M in his career, if he had signed the tag last year he would have earned an extra 14,5M.

If he had signed that Steelers' contract he would have 33M guaranteed.

He held out and skiped on 14,5M, to get an extra 2M guaranteed.

 

That's bad business anyway you spin it.

 

10M in guarantees vs 35M in guarantees. 

Bell is good at math. 

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4 minutes ago, warfelg said:

Based on how the proposed contract was laid out.....yes he was getting $33mil.

Then the Steelers are idiots for not just fully guaranteeing that money and keeping him. People trying to pretend that the difference between fully guaranteed money and "rolling guarantee" or "locking guaranteed" or "likely guaranteed" money is nothing are forgetting that the Steelers thought that distinction was important enough to burn their franchise tag one season and lose Bell for no compensation the next.

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6 minutes ago, evilpimp972 said:

Yeah this is confusing to me tbh

NFL teams are really, really good at getting journalists to report contracts in a team-friendly manner. If the Steelers offer to Bell was reported in baseball terms, the title of the article would be "Steelers Offer Bell 1 Year Deal with 4 Consecutive Team Options" and nobody would think Bell is an idiot for turning that down.

Instead, they list the total value up front, and then call a bunch of money that isn't actually guaranteed to Bell, 'rolling guaranteed' or some stupid branding to make people think Bell turned down a 5 year deal, or a 3 year deal when he didn't.

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22 minutes ago, evilpimp972 said:

Yeah this is confusing to me tbh

Like I said, its what the Steelers do.

Like, the contracts will often say something like "On the 3rd day of the league year, Mr. Bell will receive a guaranteed $2.5 mil roster bonus, upon which guarantees the 2019 salary."  So that year two money is guaranteed if he's paid the roster bonus, which he is guaranteed to be paid.

The Rooney's aren't a cash rich ownership, so what they often do is bigger salaries (because the NFL backs that money with their revenue sharing).  But they use language that guarantees the salary so they get the more affordable cash payment that has to come directly rom them.

For example:  The Bell offer from the Steelers had a $10mil signing bonus, which when paid guaranteed his $9mil salary for the 2018 season, and the signing bonus had to be paid within 12 hours of the contract being signed.  So yes the guaranteed looks small, but in reality you combine that signing bonus with the year 1 salary, the roster bonus, and the next year salary and he really was guaranteed a lot of money.

What it comes down to is lots of upfront money or money in season.  Players want the upfront money because it looks like they get paid a lot.

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14 minutes ago, evilpimp972 said:

And knowing the smart steelers FO, they weren't going to guarantee 33mil to a RB, that looks like too much.

I don't think they would have an issue paying him that in a vacuum.  But when he finished 3 of his 5 years injured and suspended for part of the season for 2 out of 5 years....makes it harder to just give him that money.

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8 hours ago, AFlaccoSeagulls said:

Those are the facts.

Deal was totaled at $70M, but it only had $10M in guaranteed money and the rest was rolling guarantees with ways the Steelers could get out at every point. It was a god awful deal for Bell.

https://www.cbssports.com/nfl/news/leveon-bell-reportedly-turned-down-a-monstrous-70-million-deal-from-the-steelers/

https://www.sbnation.com/nfl/2018/7/18/17585956/leveon-bell-contract-steelers-offer-guaranteed-money-free-agency

Agreed, the steelers wanted a deal where they could ride him 300 times a year until the wheels fell of and then discard him. 

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7 minutes ago, warfelg said:

"On the 3rd day of the league year, Mr. Bell will receive a guaranteed $2.5 mil roster bonus, upon which guarantees the 2019 salary."  So that year two money is guaranteed if he's paid the roster bonus, which he is guaranteed to be paid.

"Upon which" is doing a lot of work here. That doesn't say "if the Steelers pay him $2.5MM, they also have to pay his 2019 salary". That says, "if the Steelers pay him $2.5MM as a roster bonus, they also have to pay him his 2019 salary". Roster bonuses are only roster bonuses if you are on the active roster, so if the Steelers decided to cut Bell before his roster bonus is paid as a roster bonus, they wouldn't owe him his 2019 salary.

His 2019 salary wasn't guaranteed with that language.

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2 minutes ago, ramssuperbowl99 said:

"Upon which" is doing a lot of work here. That doesn't say "if the Steelers pay him $2.5MM, they also have to pay his 2019 salary". That says, "if the Steelers pay him $2.5MM as a roster bonus, they also have to pay him his 2019 salary". Roster bonuses are only roster bonuses if you are on the active roster, so if the Steelers decided to cut Bell before his roster bonus is paid as a roster bonus, they wouldn't owe him his 2019 salary.

His 2019 salary wasn't guaranteed with that language.

You left out the key part, the roster bonus being guaranteed.  Basically, the 2019 part of his contract had no out.  He would have had the first 2 years with the Steelers locked in no matter what.  He wasn't getting a big guaranteed signing bonus.  The overall guarantees was still big.

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22 minutes ago, ramssuperbowl99 said:

Then the Steelers are idiots for not just fully guaranteeing that money and keeping him. People trying to pretend that the difference between fully guaranteed money and "rolling guarantee" or "locking guaranteed" or "likely guaranteed" money is nothing are forgetting that the Steelers thought that distinction was important enough to burn their franchise tag one season and lose Bell for no compensation the next.

Why? Steelers have a good RB at the fraction of the cost. They were smart to not blow that money on that position.

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1 minute ago, warfelg said:

You left out the key part, the roster bonus being guaranteed.  Basically, the 2019 part of his contract had no out.  He would have had the first 2 years with the Steelers locked in no matter what.  He wasn't getting a big guaranteed signing bonus.  The overall guarantees was still big.

The point isn't whether the $2.5MM is guaranteed. It's how it will be paid - you can't pay a roster bonus to someone who isn't on the roster, and the contract only guarantees his 2019 salary upon the payment of a $2.5MM roster bonus.

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