Can anyone care to explain football economy to me? QB contracts seem to surge each year with no end in sight. It seems like every time it does, it's billed as a win for players. But then you hear about how backloaded they are, which seems to obfuscate how much in the player's favor it is, alongside the addition of incentive marks, etc.
I guess my questions would be: Has the QB position always vastly exploded in value each year?
Are these contracts really the players getting their way? Or are they getting played?
Is there a moment where this model has blowback and has to reset?
Would really appreciate anyone who would take the time to offer their input. Contracts, from their history, to how they're nuanced, is hard for me to follow.
It's too hard to explain all in one go.
One thing to consider is the 'game behind the game' is that agents want the number to seem as big as possible, because big numbers are what brings in their next client. And media members need to have insider information which mostly comes from agents, because the thing that matters most to them and their careers is to be the first to report insider information. Therefore the mediots do what the agents want them to do, which is to make the number look as big as possible, as opposed to calling out agents for being ******** artists.
Thus we end up with language such as guaranteed vs guarantees (note the 's') vs total value. Guaranteed means actually guaranteed. Guarantees means 'can become a guarantee at some future date but if we cut the player before that date the money disappears'. 'Total value' is just the sum of the dollars in the contract, a lot of which are never going to be paid to the player, because the player will be cut or the contract will be restructured before he sees that money. The restructure typically gives the player more actual money but adds more years to the contract but also pushes more money into the future. It's very rare that a big money contract ends with the player getting all of it. What typically happens is the player is cut or retires with non-guaranteed and/or voidable years on their contract and that ends up being 'value' the player never sees.
Another thing to consider is the cap is based on total league revenue, which almost always increases year to year, except for strange things like the COVID year. Thus the teams can hand out more money to star players each year.
So:
Can anyone care to explain football economy to me? QB contracts seem to surge each year with no end in sight. It seems like every time it does, it's billed as a win for players. But then you hear about how backloaded they are, which seems to obfuscate how much in the player's favor it is, alongside the addition of incentive marks, etc.
Contracts do go up each year. Part of that is that the cap goes up each year since league revenue goes up almost each year. Part of it is that in some cases the team is simply deciding to allocate more money to players they think are elite. It's a win for players, but it's not as big a win as the numbers suggest, since the numbers represent the contract's total value, which is almost never fully paid (Watson being the exception). The numbers are exaggerated because that makes the agents look good which in turn benefits the media.
I guess my questions would be: Has the QB position always vastly exploded in value each year?
I would say increased not exploded, but I didn't find a good source that tracks this with numbers so I can't quantify it.
The thing is, the rising tide raises all boats. It's hard to find good QBs therefore a team spends a lot to keep a good QB. Then the next QB uses that bigger number as a precedent, even if that next guy isn't as good as the last one his agent will argue he's almost as good so deserves almost as much. This is what makes the overall trend go up and up.
Are these contracts really the players getting their way? Or are they getting played?
The players are paid very well, just a lot less than what the headline numbers suggest. Everyone involved except the player has an incentive to make it look like the player is getting more money than he actually gets.
Is there a moment where this model has blowback and has to reset?
If teams dedicate too much money to the 'difference makers' such as QB, edge, WR, CB they can become a 'stars and scrubs' team, one with a small number of well known players with big salaries and not enough money to pay other starters, role players, backups, special teams, etc. IMO that is the main blowback path: they spend too much money on stars and end up sucking overall. One can argue this is the Cowboys situation, lots of sizzle, no bacon.
Otherwise, IMO if league revenue keeps going up and up and teams decide 'difference makers' are worth a bigger chuck of the pie, it'll keep going on ad infinitum.