Details of Givens' contract
Titans | Contract update: D. Givens base salaries
Wed, 15 Mar 2006 08:11:51 -0800
Jim Wyatt, of the Tennessean, reports Tennessee Titans WR David Givens signed a five-year, $24 million contract with base salaries of $800,000 (2006), $2.5 million (2007), $3.5 million (2008), $3.5 million (2009), and $4.2 million (2010). The deal included a signing bonus of $6 million and has roster bonuses of $500,000 in the final three years of the contract.
That's $13.3 million over 3 years with a $3 million dead money hit when he's cut before year 4.
No thanks. $4.5 million a year is way too much for a solid #2 wide receiver.
Oops. You are right. It's $6 million prorated over five years, or $1.2 million a year. So, when they cut him after 3 years, it'll be a dead money hit of $2.4 million.
I actually think they'll cut him after two years. In the third year, it will cost $4 million to keep him and $3.6 million to cut him. It would probably make sense to keep him for the third year, but after paying him $4+ million a year for two 30 catch seasons, they'll have a sour taste in their mouths.
They are paying him somewhere around 10th best WR in the NFL money. He's not that good.
Givens' cap hits
2006 - $2.4 million
2007 - $4.1 million
2008 - $5.6 million
2009 - $5.6 million
2010 - $6.3 million
Prediction - Givens' cap hit will not be among the Top 10 at his position until the year 2008.
FWIW - Givens' renumeration will not be among the Top 10 at his position until the 2009 season.
IMO, it is misleading to say that Givens is being paid as a Top 10 wide receiver when his APY of $4.8 million which is over 5 years is less than the average of the 10 highest cap hits in 2005 for wide receivers. IMO, it is also misleading to compare a deal originated when the cap is $102 million to deals originated when the cap was $85 million or , Compare apples to apples.
These are the wideouts who I am pretty sure have a higher APY than Givens.
OK, lets compare apples to apples, then. David Givens does not belong in the same category with the receivers you have listed. He's a solid, but not spectacular, #2 receiver. Most of the players on your list are their team's clear #1 receiver. Many of them are franchise type players.The Pats weren't bidding on a player with Chad Johnson talent.
Here are the salaries plus bonus proration from 2005 for the top-10 highest paid wide receivers in the NFL:
Bruce, Isaac WR $9,240,709
Toomer, Amani WR $5,715,000
Smith, Rod WR $5,551,628
Smith, Jimmy WR $5,274,333
Moulds, Eric WR $5,078,431
Horn, Joe WR $4,765,000
Muhammad, Muhsin WR $4,615,000
Williams, Roy WR $3,845,000
McCardell, Keenan WR $3,766,666
Northcutt, Dennis WR $3,750,000
I think it's fair to say that most of the NFL valued Givens well below this list of receivers. He only got two offers -- one from the Texans and one from the Titans. If the NFL felt he was worth Muhsin Muhammad money, teams would have been beating his doors down.
Givens actually got 3 offers and once he accepted the Titans' offer he was not going to get anymore.
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