Mario Williams' contract contains no signing bonus

[pats1]

http://insider.espn.go.com/nfl/insi...relli_len&id=2458925&univLogin02=stateChanged

Updated: May 26, 2006, 2:58 PM ET

By Len Pasquarelli
ESPN.com

League salary documents obtained by ESPN.com confirm the six-year contract signed last month by former North Carolina State defensive end Mario Williams, the first selection in this year's draft by the Houston Texans, features a basic value of $54 million and a maximum worth, counting all possible bonuses, incentives and escalators, of $62.1 million.

The guaranteed money in the contract is initially $21.75 million, and then jumps to $26.5 million after the Texans exercise an option next spring.

And the signing bonus is zero.

That's right, folks, no signing bonus.

...

In the case of Williams, he received a $2.625 million roster bonus on what essentially is a five-year deal with an option for a sixth season. Under the terms of the contract, the base salaries for the first five years -- $275,000 (2006), $3.625 million (2007), $4.35 million (2008), $5.075 million (2009) and $5.8 million (2010) -- are fully guaranteed. That totals $21.75 million in guarantees.

But the guarantees escalate to $26.5 million next spring, when the Texans pay Williams $12 million to exercise their option for a sixth season on the contract. By exercising the option, the Texans reduce the salaries in Years 2-5 of the contract -- to $975,000 (2007), $1.575 million (2008), $2.3 million (2009) and $3.025 million (2010) -- and add the 2011 season at a base salary of $3.725 million. All the base salaries are guaranteed, bringing the total guaranteed money to $26.5 million.

Williams can void the final two years of the deal based on playing time levels and if he and the team reach certain predetermined performance levels, but the Texans then have a right to buy back the voided 2010 and 2011 seasons at a cost of $8.5 million. There are plenty of incentives, like $125,000 in most years for leading the league in sacks, bonuses for honors and playoff victories, and escalators that can raise the base salaries in 2010 and 2011 by $6 million and $9.5 million, respectively.

 

[pats1]

Reiss originally mentioned the article in his latest post:

http://www.boston.com/sports/football/patriots/reiss_pieces/

May 26, 2006
Quick hits

Posted By: mreiss | Time: 02:24:08 PM

* ESPN.com’s Len Pasquarelli reports in his Insider Tip Sheet (bottom part of article) that Patriots coaches have been impressed with the work of sixth-round pick Jeremy Mincey (outside linebacker) and undrafted free agent Freddie Roach (inside linebacker).

 

[VrabelMayeWin]

Plenty of guaranteed money, though, that's all that really matters.

 

[VJCPatriot]

No signing bonus? How's his agent gonna eat? JK. I'm sure the agent still gets a cut somewhere of that guaranteed dineiro. Dang parasites. Who was Mario's agent btw? No signing bonus is kind of unusual.