According to his agent Drew Rosenhaus, the deal signed on Tuesday by San Francisco 49ers star running back Frank Gore was a four-year deal worth $28 million, including $13.8 million in guaranteed money.....this for example. I assume it is performance and incentive based, just not completely sure
2007-03-30 17:27:55 · 9 answers · asked by denverdude_80 2 in Sports ➔ Football (American)
The guaranteed money is just that guaranteed. he will be paid that amount whether he plays one play or the entire season. The rest of his contract is made up of, like you said incentives, if he gain X amount of yards he gets a bonus, if he scores X amount of touchdowns Bonus Most major league contracts are set up that way. It ensures that the player will always be willing to do what ever it takes to get the job done.
2007-03-30 17:35:56 · answer #1 · answered by calired67 4 · 1⤊ 0⤋
The guaranteed money is money they get upfront. It could be in a lump sum or spread out over the length of the contract. It really is what they use to term as a 'signing bonus' and is independent of the contract itself. The details of Gore new deal were not disclosed so that contract of $28 million for 4 years could be spread out many ways. Maybe $7 mil for 4 years, maybe $5 mil a year for the first 3 years and then the 4th year is $13 mil. Or a bunch of other combinations. Also many contracts have roster bonus and may have incentive bonus for numbers of yards, catches, making the Pro Bowl, being the MVP, etc.
2007-03-30 20:24:18 · answer #2 · answered by ndmagicman 7 · 0⤊ 0⤋
Its money that a player gets whether he can complete his contract or not. Most football players don't get their entire contract guaranteed in case they get injured, that way the team isn't paying millions of dolars for a guy that can't even play. I'm sure part of the extra money on Gore's contract is performance and incentive based but not all of it.
2007-03-30 17:32:20 · answer #3 · answered by DoReidos 7 · 1⤊ 0⤋
Uh...To the one who made a reference to the signing bonus, it is just that...A player gets the signing bonus UP FRONT when the contract is signed...It is not something that is prorated over time...Thats why they call it a SIGNING BONUS...and it is a form of guaranteed money, since they get it up front...Other guaranteed money is what the player will be paid no matter what happens on the field, or if the player gets seriously injured and can't play...Guaranteed money is the reason we have players such as TO and Randy Moss who don't really give a sh*t about anything but themselves...and play when they feel like it...Guaranteed money is silly...The owner is being stupid when he puts up a lot of it...
2007-03-31 05:12:57 · answer #4 · answered by Terry C. 7 · 0⤊ 1⤋
Guaranteed money means that the player gets the guaranteed amount even if he never plays another game because of injury, or being cut from the team,etc.
2007-03-31 01:08:45 · answer #5 · answered by Steve H 2 · 0⤊ 0⤋
It means just like it sounds, if a player signs a 50 million deal with 20 guarenteed, then no matter what, even if he gets hurt a day after he signs the deal, he gets all of that 20 million, even if his career is over.
2007-03-30 18:19:50 · answer #6 · answered by Smoothness 4 · 0⤊ 0⤋
it means of some one gets injured and there career is ruined they still get guaranted money so it is money u get no matter what
2007-03-31 12:27:06 · answer #7 · answered by leidigh3 3 · 0⤊ 0⤋
If he gets hurt or if he plays badly and they cut him he still gets paid.
2007-03-30 23:32:50 · answer #8 · answered by BOOM 7 · 0⤊ 0⤋
it means the player gets it no matter what happens..
2007-03-30 18:01:56 · answer #9 · answered by Felix 7 · 0⤊ 0⤋