- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Nasty Nick Fairly done?
Posted on 6/9/17 at 11:39 pm to tubucoco
Posted on 6/9/17 at 11:39 pm to tubucoco
quote:
A signing bonus is a signing bonus, they ain't getting that money back.
Oh really.
Someone needs to go back 17 years and tell the arbitrator: LINK
quote:
Arbitrator Sam Kagel ruled that Sanders owed the Lions only one-sixth of the $11 million bonus he received in 1997 because he's missed only one season so far.
Unless he returns to football, he will owe $1.83 million on future reporting dates.
NFL CBA 2011-2020
Section 9:
quote:
(vi) Retirement.
Should a Forfeitable Breach occur due to player’s retirement, a Club may demand repayment of all Forfeitable Salary Allocations attributable to the proportionate amount, if any, for the present year and the Forfeitable Salary Allocations for future years. If the player fails to repay such amounts, then the Club may seek an award from the System Arbitrator pursuant to Article 15, for repayment of all Forfeitable Salary Allocations attributable to present and future years. Repayment of Forfeitable Salary Allocations attributable to future League Years must be made by June 1st of each League Year for which each Forfeitable Salary Allocation is attributable. If the player returns to play for the Club in the subsequent season, then the Club must either (a) take the player back under his existing contract with no forfeiture of the remaining Forfeitable Salary Allocations, or (b) release the player and seek repayment of any remaining Forfeitable Salary Allocations for future League Years.
Recent example:
Chris Borland
quote:
Borland received a $617,436 signing bonus when he inked a four-year rookie deal with the Niners coming out of college. He'll be returning $463,077 to the team assuming his three-quarters number is spot on.
That's a huge chunk of change, but it's likely the 49ers could've recovered it from him anyway, although litigating the money back from Borland would've been a messy affair.
It's an option but it's not imperative as it can lead to bad P.R.
This post was edited on 6/9/17 at 11:41 pm
Posted on 6/10/17 at 7:57 am to bbrownso
Retiring due to injury and retiring due to disliking your team and or not wanting to play anymore are different situations.
Posted on 6/10/17 at 1:29 pm to bbrownso
quote:And this is also from the CBA rules. It clearly means as I said they ain't getting this signing bonus back unless Fairley wants to give some of it back. The main difference between him and cases like Barry Sanders rule and Chris Borland is injury or in this case medical condition. Sanders and Borland retired because they wanted to for whatever reasons (Burn out, fatigue or just plain tired of the game) whereas this heart condition is what's forcing Fairley to retire. Blame, the Saints medical staff for dropping the ball on this one!
To be clear, though, not every retirement causes the return of bonus money. In fact, teams often sign veteran players to contracts with a number of years that they know will be fully reached. In such cases, the teams never seek the return of the bonus money - and likely wouldn't win in arbitration, anyway. The return of bonus money is only likely to occur when the player essentially retires unexpectedly and without legitimate reason (i.e. injury).
This post was edited on 6/10/17 at 2:04 pm
Popular
Back to top
Follow TigerDroppings for LSU Football News