View Full Version : Another site has the Woodsen deal having no signing bonus?
b bulldog
04-26-2006, 09:54 PM
This can't be true, is it?
Scott Campbell
04-26-2006, 09:57 PM
Please let it be true.
Ted moves up three notches in my book if this turns out to be the case.
Scott Campbell
04-26-2006, 10:00 PM
From the Pro Football Talk Rumor Mill
POSTED 10:36 p.m. EDT, April 26, 2006
NO SIGNING BONUS FOR WOODSON
A league source tells us that cornerback Charles Woodson's contract with the Packers includes a signing bonus of . . . zero dollars, zero cents.
The reason for the team's decision not to pay Woodson has less to do with his skill and more to do with the fact that the Packers have plenty of cap room for 2006. By funding Woodson's first-year pay through a roster bonus and base salary, $10.5 million can be handed to him with no proration in future years.
As a practical matter, this makes it easier for the Packers to cut ties with Woodson in any future season, since there would be no acceleration due to the portion of the signing bonus that applies to future years.
We're also told that, although the deal is being characterized as a seven-year, $52 million arrangement, it is as a practical matter a three-year, $18 million package. Depending on Woodson's performance, he could be gone by 2007 or 2008.
Not a huge deal, but not bad for an aging, injury-prone cover man as to whom only one other team expressed serious interest.
b bulldog
04-26-2006, 10:01 PM
TT's stock just went through the roof!
SkinBasket
04-26-2006, 10:04 PM
Who is this Woodsen guy? Is he a friend of Farve's?
RashanGary
04-26-2006, 10:04 PM
Damn..That is a pretty nice deal IMO.
3 years 18 mil and no signing bonus. I would really hope Favre sticks it out next season because we are going to be in great cap shape again and the team should have a lot less holes next off season.
b bulldog
04-26-2006, 10:06 PM
Sorry, I should know better, Woodson!
Scott Campbell
04-26-2006, 10:06 PM
This is beautiful if it's true. Ted signed Woodson and preserved the vast majority of our future cap flexibility at the same time.
SkinBasket
04-26-2006, 10:07 PM
Sorry, I should know better, Woodson!
NP. Just the 2nd time in as many posts about the guy. Time to shave the ladies.
b bulldog
04-26-2006, 10:10 PM
As everyone knows, I'm known to screw things up a bit every once in a while.
RashanGary
04-26-2006, 10:11 PM
Next season Kampman, Pickett, Woodson are all making peanuts as far as the cap hit goes.
I would fully expect GB to fix a few more holes next off-season. I would not be happy at all if Favre retired after this season. Things are just getting good.
Partial
04-26-2006, 10:21 PM
you guys are overhyping Chuck.
He's gettin' up there. I wonder if he'll be a safety or a corner here. I could see him and Carroll starting and Harris transitioning to safety or something also.
Many, many options we have.
Bretsky
04-26-2006, 10:25 PM
As everyone knows, I'm known to screw things up a bit every once in a while.
No biggie; we'd expect nothing less :wink: :mrgreen:
Just read from Jay Glazer on foxsports.com that this year, $10.5 million is the only year of garunteed money. and that he COULD earn up to 52.7 million total over all of the years of the contract. i donno if i read it wrong, but non the less, check out jay glazer's write up on woodson to the packers.
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