Details of Givens' contract

Discussion in ' - Patriots Fan Forum' started by pats1, Mar 15, 2006.

  1. pats1

    pats1 Moderator Supporter

    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.
  2. hwc

    hwc In the Starting Line-Up

    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.
  3. Miguel

    Miguel Patriots Salary Cap Guru Supporter

    #75 Jersey

    There is $2 million missing. I think that the signing bonus is $8 million.
  4. AzPatsFan

    AzPatsFan Experienced Starter w/First Big Contract

    I don't know how you come to that. My calculation would be dead money of $1.25 million after 4 years (most probable), and only $2.5 after three.
  5. hwc

    hwc In the Starting Line-Up

    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.
  6. Miguel

    Miguel Patriots Salary Cap Guru Supporter

    #75 Jersey

    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.

    Steve Smith
    Hines Ward
    Rod Smith
    Chad Johnson
    Andre Johnson
    Santana Moss
    Braylon Edwards
    Joe Horn
  7. hwc

    hwc In the Starting Line-Up

    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.
  8. Miguel

    Miguel Patriots Salary Cap Guru Supporter

    #75 Jersey

    which is why his APY is BELOW their's even with cap inflation.

    If you are going to look at one year's cap hit for these 10 players, then look at one year's cap hit for Givens. Orange to Orange. Givens' 2006 cap hit is a bargain. Roy Williams is the only player on that list that I would sign to a 5-year contract this year with the expectation that the player would play all 5 years at a high level. Givens' APY is less than the average of those numbers. One has to go back to the 2002 season when the cap was $71.1 million to find a season in which Givens' APY is not less than the average of the 10 highest cap numbers for wideouts.
    I think that it is unfair to say that most of the NFL valued Givens well below this list of receivers when I think there are other very legitimate reasons why Givens did not get offers from all 32 teams. Some teams would not be interested in Givens at all not because they do not think that Givens is a good player but because they were already set at wideout. There was no chance that the Colts, Rams, Cardinals, Bengals, Jets, Raiders, Ravens, Giants, Lions, and Packers would ever get into the bidding for Givens because of that reason. Some teams like the Panthers and Chiefs would not get into the bidding because they did not have the cap space. Some teams do not do big-money deals in the 1st week of free agency because of their philosophical approach to free agency. Some teams like the Jaguars and the Falcons have recenly devoted high draft picks to wideouts and they may be hoping that those wideouts develop.

    Givens actually got 3 offers and once he accepted the Titans' offer he was not going to get anymore.
    Last edited: Mar 16, 2006

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