Originally posted by mraynrand
Woodson could get $10 million in first year
By TOM SILVERSTEIN
tsilverstein@journalsentinel.com
Posted: May 3, 2006
The seven-year contract free agent cornerback Charles Woodson signed with the Packers is worth $39.03 million and features first-year compensation of around $10 million.
Woodson received a $4 million signing bonus and a $4,356,250 roster bonus to go along with a $1.5 million base salary this season, according to a source with access to NFL Players Association salary data. Woodson will have to play in all 16 games to get the entire roster bonus, but he will still get around $4 million of it just by being on the team.
If Woodson plays in all 16 games this year he will net $9.9 million, which is approximately what he made last season as the Oakland Raiders’ franchise player. Woodson’s deal is worth $16.28 million over three years and $20.7 million over four, not counting yearly escalators that could increase the value of the deal based on Pro Bowl honors.
The Packers chose to structure the deal so that they absorb a good chunk of the salary cap responsibility this year and not as much in later years. In 2006, Woodson counts $6.7 million against the cap and in ‘07 only $3.48 million.
In addition to the signing and roster bonuses this year, Woodson has a roster bonus of $1, 337,500 due next year and roster bonuses of $337,500 due in each succeeding year. He also has a workout bonus of $53,080 in ’06 and workout bonuses of $100,000 in each succeeding year.
Woodson’s base salaries after 2006 are as follows: $1.25 million in ’07, $3.25 million in ’08, $4 million in ’09, $5 million in ’10, $5.5 million in ’11 and $6.5 million in ’12.
By TOM SILVERSTEIN
tsilverstein@journalsentinel.com
Posted: May 3, 2006
The seven-year contract free agent cornerback Charles Woodson signed with the Packers is worth $39.03 million and features first-year compensation of around $10 million.
Woodson received a $4 million signing bonus and a $4,356,250 roster bonus to go along with a $1.5 million base salary this season, according to a source with access to NFL Players Association salary data. Woodson will have to play in all 16 games to get the entire roster bonus, but he will still get around $4 million of it just by being on the team.
If Woodson plays in all 16 games this year he will net $9.9 million, which is approximately what he made last season as the Oakland Raiders’ franchise player. Woodson’s deal is worth $16.28 million over three years and $20.7 million over four, not counting yearly escalators that could increase the value of the deal based on Pro Bowl honors.
The Packers chose to structure the deal so that they absorb a good chunk of the salary cap responsibility this year and not as much in later years. In 2006, Woodson counts $6.7 million against the cap and in ‘07 only $3.48 million.
In addition to the signing and roster bonuses this year, Woodson has a roster bonus of $1, 337,500 due next year and roster bonuses of $337,500 due in each succeeding year. He also has a workout bonus of $53,080 in ’06 and workout bonuses of $100,000 in each succeeding year.
Woodson’s base salaries after 2006 are as follows: $1.25 million in ’07, $3.25 million in ’08, $4 million in ’09, $5 million in ’10, $5.5 million in ’11 and $6.5 million in ’12.
... Woodson's signing bonus is $4 million and his '06 cap number is $6.7 million, resulting in a $2.7 million savings to the 2006 cap if he fails to make the roster. Presumably, the roster bonuses vanish if he fails to make the roster.
If this is correct, then the Packers have nothing to lose by cutting Woodson if he flops big-time in TC. If he makes the final roster, however, the accelerated cap hit doubles overnight if we cut him in the first year.
Of course if I'm wrong, I'm about to get bitch-slapped by our good friend Patler.



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