Full details on Ryan Tannehill’s contract | FinHeaven - Miami Dolphins Forums

Full details on Ryan Tannehill’s contract

DKphin

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Miami Dolphins, Tannehill craft a unique deal to benefit both sides

The Dolphins were willing to give first-round pick Ryan Tannehill the four-year, $12.668 million contract that he was slotted to get as the eighth overall pick in April’s draft.
But the Dolphins wanted “offset language” in the contract, Tannehill’s agent didn’t, and both tried to hold firm. Ultimately, after Tannehill missed the first two days of training camp, both sides got creative and crafted a unique contract that serves both parties’ interests, according to terms of the contract obtained by the Post.
The contract does contain offset language that will mostly affect Tannehill’s fourth-year salary, but in return the Dolphins converted most of Tannehill’s base salary into roster bonuses that are due on the sixth day of training camp each season, starting in 2013. Tannehill exposed himself a bit to not collecting the full value of his contract if he is cut before year 4, but also receives several nice bonus checks at the start of each year.
Here is what Tannehill’s contract should have looked like:
Signing bonus: $7.653 million
2012 base salary: $390,000
2013 base salary: $965,841
2014 base salary: $1.541 million
2015 base salary: $2.117 million
​
Instead, here’s what the Dolphins and Tannehill agreed to:
Signing bonus: $7.653 million
2012 salary: $390,000 base
2013 salary: $480,000 base + $485,841 bonus if he is on the roster the 6th day of training camp
2014 salary: $570,000 base + $971,682 bonus if he is on the roster the 6th day of training camp
2015 salary: $660,000 base + $1.457 million bonus if he is on the roster the 6th day of training camp
​
The total value each year is still the same, but Tannehill is the only first-round pick with this unique contract structure – minimum base salaries and roster bonuses. Rams second-round pick Janoris Jenkins’ contract is also structured similarly.
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Read more:http://blogs.palmbeachpost.com/thed...ll-craft-a-unique-deal-to-benefit-both-sides/
 
Interesting structure.

As suspected, the Dolphins essentially took the offset issue off the table altogether, while still getting to claim that they adhered to their administrative policy of including offset language in every contract.
 
ckparrothead said:
Interesting structure.

As suspected, the Dolphins essentially took the offset issue off the table altogether, while still getting to claim that they adhered to their administrative policy of including offset language in every contract.
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Doesn't look that way to me. It looks like they kept the offset language and gave something else in return. If Tannehill gets got after year 3, the Dolphins will not be in the hook for the remainder of his contract which, if I understand correctly, is the whole point of the offset language.
 
where's th'fish said:
Doesn't look that way to me. It looks like they kept the offset language and gave something else in return. If Tannehill gets got after year 3, the Dolphins will not be in the hook for the remainder of his contract which, if I understand correctly, is the whole point of the offset language.
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Yep, acccording to that article Miami got to keep the offset language in the fourth year.
 
I read the article and did not see any clarification on what part of RT's contract is guaranteed? What part of the his contract is guaranteed - only the base?
 
If you mean the base salaries, they may be guaranteed against injury, I don't know. The bonuses obviously become guaranteed once they're paid.
 
rrrrphin said:
I read the article and did not see any clarification on what part of RT's contract is guaranteed? What part of the his contract is guaranteed - only the base?
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Signing bonus: $7.653 million
2012 salary: $390,000 base
2013 salary: $480,000 base + $485,841 bonus if he is on the roster the 6th day of training camp
2014 salary: $570,000 base + $971,682 bonus if he is on the roster the 6th day of training camp
2015 salary: $660,000 base + $1.457 million bonus if he is on the roster the 6th day of training camp

It appears only $8M is gauranteed if the above is correct. But with such small base salary and bonus numbers in year 2 and 3 it is essentially gauranteeing 3 years and $10M.
Not much of a chance that they would cut him after one season and accelerate the 8M bonus. Really the 4th year is a question mark.
If he isn't up to par by then they have to decide whether to take 2M cap hit to cut him or pay him another 2M for 4th year.​
 
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