RayClay said:
Remember he is under his original contract with us for one year. After that our offer averages over 6 mil a year.
Branch wants to rip up the last year of his contract.
If we compare the average dollars for a new contract with offers they are almost the same.
Of course these "offers" are only words until someone makes a trade offer.
He is under contract after all.
What would you do differently?
An extension is a new contract. Here's why I think that a 3-year extension is a 4-year deal.
Branch's cash intake under his current contract
2006 - $1.045 million
2007 - $0
2008 - $0
2009- $0
Under the Patriots' proposal
2006 - $5.45 million
2007 - $5.5 million
2008 - $4.4 million
2009 - $4.85 million
Branch's cash intake increases all 4 years and the Patriots are able to prorate the 2006 signing bonus over 4 years. That is why I think that it is a 4-year deal
Nick Cafardo reported in the Boston Globe:
"Some interesting tidbits from the 22-page contract of Patriots quarterback Tom Brady, which was signed May 4:
Here is how the first line reads: ''TERM: This contract covers 5 football seasons and will begin on the date of execution or March 1, 2005 whichever is later and end Feb. 28 or 29, 2010 unless extended, terminated or renewed as specified elsewhere in this contract."
I take the above as Brady's contract including the 2005 and 2006 seasons even though he was already under contract for them. What 5 seasons does Brady's contract cover??
IMO, 2005/2006/2007/2008/2009 and the Patriots had an option for 2010 which they exercised in 2006.
Look at the standard NFL contract in the CBA:
1. TERM. This contract covers __________ football season(s), and will begin on the date of execution or March 1, __________, whichever is later, and end on February 28 or 29, __________, unless extended, terminated, or renewed as specified elsewhere in this contract.
If Branch's extension is going to say that it covers 4 football seasons (from Brady's contract it would), then, IMO, it is a 4-year deal and that its value should be divided by 4 to come with its APY.
Side note to DaBruinz, IMO, this is not BS thinking. This is a reasonable position supported by facts.