New Tiger Millionaires

Nice..........congrats....

I am just very curious, maybe someone reading this will know, lets take Chad Jones for example. He puts his name on the line and they write him a ck. for 610K, when he reports to camp does he start drawing on the balance in the form of a salary. Any one know how this works?

Thanks in advance.

If you make the roster, you get a game check every week. Basically your yearly salary would be divided by 16 and paid during the season. In addition, you may have different incentives based on performance that are paid as soon as you hit that level of performance. Also, some contracts have a roster bonus but these are usually tied to veteran players and paid in spring if the team plans on keeping the player for the next year. Roster bonuses are usually tied to the end of a long term contract...

nm

Yes, the contract is paid to active roster players. If you don't make the team, you don't get paid. The signing bonus is the only thing guaranteed. It's still not a bad deal for a young man that just got a free education and will now put 500k-750k in the bank to start their professional life weather it be in football or not... Teams, however, do expect their 1st-4th round picks to make the team. They are not looking to pay someone a 500k or more signing bonus that will not be around to help the team win. Sixth round picks on the other hand can go either way. That 100k Charles Scott will get is basically an audition check. He has to turn some heads and work his butt off to make the team.

quote:

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whoever the 76th pick was last year needs a new agent

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Depends... If you think you should have gone much higher, you sign a 3 year deal for a little less money but you get to a new contract quicker. In year 4 when the other guys are making the last year of their salary, you are getting a new big signing bonus and starting your second contract which will pay better if you are a proven starter.

Thanks XbengalTiger, appreciate the info.

B bye

Dam that sucks! Didn't know that

hope they all make it.