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Message
re: NFL Free Agency/Trades Official Thread: The free agency window is now open
Posted on 3/15/23 at 4:49 pm to brmark70816
Posted on 3/15/23 at 4:49 pm to brmark70816
The escrow account is a rolling one year requirement. All guaranteed money a team owes each season has to be put into an escrow account.
For instance:
The Browns don’t have to stash Deshaun Watson’s $230 million guaranteed money into an account for 5 years. However, they do have to put whatever he’s owed in 2023 into an account right now, plus any all other guaranteed money they owe for the other players on their roster.
*And that requirement does occasionally cause problems for family owned teams without other sources of income such as the Chargers, Cardinals, and Raiders.
For instance:
The Browns don’t have to stash Deshaun Watson’s $230 million guaranteed money into an account for 5 years. However, they do have to put whatever he’s owed in 2023 into an account right now, plus any all other guaranteed money they owe for the other players on their roster.
*And that requirement does occasionally cause problems for family owned teams without other sources of income such as the Chargers, Cardinals, and Raiders.
This post was edited on 3/15/23 at 4:51 pm
1
Posted on 3/15/23 at 6:09 pm to Ghost of Colby
quote:
Saints and former Lions’ RB Jamaal Williams have agreed on a 3-year deal, per source.
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