Scott Campbell
05-08-2006, 07:22 PM
From PFT.
It looks like he gets an extra $1M this year, but no more than that until he's completed his rookie contract. And even then, there's possibly a complete lack of guaranteed money.
POSTTED 7:17 p.m. EDT; UPDATED 7:43 p.m. EDT, May 8, 2006
BRONCOS SECURE OPTION ON WALKER'S LONG-TERM DEAL
Michael Smith of ESPN.com reports that the Broncos are close to a new contract with receiver Javon Walker, who was acquired from the Packers during the draft for a second-round pick.
The deal is worth $40 million, and it includes $15 million in bonus money. The key, however, is that the "bonus" money is in the form of two option payments due in 2007 and 2008.
Under the agreement, there's a $10 million option bonus for 2007 and a $5 million option bonus in 2008. Unless the option bonus payments are guaranteed by base salaries (and our guess is that they aren't), the Broncos have the ability to cut the cord on Walker if, due to injury or otherwise, his performance in 2006 doesn't justify the significant investment that kicks in come next year.
To get the ability to part ways with Walker after only one season, the Broncos added a $1 million roster bonus to his $1.15 million salary. This means that his cap number for 2006 will be a manageable $2.15 million.
As Smith reports, Walker will earn $25 million from 2007 through 2009. However, Walker has to get there first. In an era where a deal primarily is judged by the amount of guaranteed money that the player gets, there's simply no guarantee that Walker will see a dime of the big-money portion of the deal.
It looks like he gets an extra $1M this year, but no more than that until he's completed his rookie contract. And even then, there's possibly a complete lack of guaranteed money.
POSTTED 7:17 p.m. EDT; UPDATED 7:43 p.m. EDT, May 8, 2006
BRONCOS SECURE OPTION ON WALKER'S LONG-TERM DEAL
Michael Smith of ESPN.com reports that the Broncos are close to a new contract with receiver Javon Walker, who was acquired from the Packers during the draft for a second-round pick.
The deal is worth $40 million, and it includes $15 million in bonus money. The key, however, is that the "bonus" money is in the form of two option payments due in 2007 and 2008.
Under the agreement, there's a $10 million option bonus for 2007 and a $5 million option bonus in 2008. Unless the option bonus payments are guaranteed by base salaries (and our guess is that they aren't), the Broncos have the ability to cut the cord on Walker if, due to injury or otherwise, his performance in 2006 doesn't justify the significant investment that kicks in come next year.
To get the ability to part ways with Walker after only one season, the Broncos added a $1 million roster bonus to his $1.15 million salary. This means that his cap number for 2006 will be a manageable $2.15 million.
As Smith reports, Walker will earn $25 million from 2007 through 2009. However, Walker has to get there first. In an era where a deal primarily is judged by the amount of guaranteed money that the player gets, there's simply no guarantee that Walker will see a dime of the big-money portion of the deal.