Phase Two...Money drying up for big names...
FREE AGENCY ENTERS PHASE TWO
On the fifth day of the 2006 league year, the big money is drying up.
Sure, guys are still getting paid. But the market has softened. Considerably.
On Wednesday, Cleveland signed Willie McGinest to a three-year, $12 million contract with $6 million in "bonuses and guarantees." That term is a bit misleading, since there are several kinds of "bonuses" -- not all of which will definitely be paid.
In Seattle, defensive tackle Rocky Bernard re-signed with the Seahawks, inking a three-year, $13 million deal with a $5.4 million signing bonus.
In Green Bay, the Packers signed defensive tackle Ryan Pickett. In Tennessee, the Titans signed safety Chris Hope. Terms of neither deal have been disclosed, which could mean that the agents involved don't have much reason to brag.
Elsewhere, safety Will Demps signed with the Giants, receiver Peter Warrick re-signed with the Seahawks, and quarterback Jeff Garcia signed with the Eagles.
These are all second-tier transactions, of interest only to the fans of the teams involved and general football nerds (like us). And even though some big names remain on the market (LaVar Arrington, Charles Woodson, Julian Peterson, Terrell Owens, Keyshawn Johnson), the monster deals are generally done for this year.
VERY interesting situation with a few big name FAs out there...and money drying up..will they take less, or wll they push teams to have basically more money backloaded...and in danger of being in weaker situations next year.
By far, more money is being paid out this year...will NOT be the same next..as these contracts are as much for 07 as for this year...not the same rise in money next year...so???? Next year will be a MUCH better year for teams...and maybe NOT the bonanza for the players.
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