Woodson got no signing bonus

Discussion in 'PatsFans.com - Patriots Fan Forum' started by R_T26, Apr 26, 2006.

  1. R_T26

    R_T26 Banned

    WOW the Postons are awful



    A league source tells us that cornerback Charles Woodson's contract with the Packers includes a signing bonus of . . . zero dollars, zero cents.

    The reason for the team's decision not to pay Woodson has less to do with his skill and more to do with the fact that the Packers have plenty of cap room for 2006. By funding Woodson's first-year pay through a roster bonus and base salary, $10.5 million can be handed to him with no proration in future years.

    As a practical matter, this makes it easier for the Packers to cut ties with Woodson in any future season, since there would be no acceleration due to the portion of the signing bonus that applies to future years.

    We're also told that, although the deal is being characterized as a seven-year, $52 million arrangement, it is as a practical matter a three-year, $18 million package. Depending on Woodson's performance, he could be gone by 2007 or 2008.

    Not a huge deal, but not bad for an aging, injury-prone cover man as to whom only one other team expressed serious interest.
  2. JJDChE

    JJDChE 2nd Team Getting Their First Start

    What's the problem? He's gettting 10.5mil in year 1. How is this a screw up by the Postons?
  3. R_T26

    R_T26 Banned

    because its a one year deal.
  4. JJDChE

    JJDChE 2nd Team Getting Their First Start

    Then he made 10.5mil for one year and will get a new contract and new signing bonus with another team. Unless he totally blows, its win-win.
  5. R_T26

    R_T26 Banned

    I suppose your right.
  6. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

    #12 Jersey

    I'd be pretty happy about it if I were Woodson.

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