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Rickys Contract?

finsfan99

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http://www.miami.com/mld/miamiherald/sports/football/11784170.htm
Herald.com article by Jason Cole 6/1/05

There could be one hiccup in Ricky Williams' return to the Dolphins,
and it has nothing to do with drug use.

In fact, the NFL might be willing to cut Williams a small break in his
return to the game based on his willingness to be tested again earlier
than required under the league's substance abuse policy.

But a more vexing issue for the Dolphins could be a debate over
whether Williams is due to make a $3.7 million base salary next season
or the league minimum of $540,000 based on the language in the
contract. The difference could have a huge impact over whether
Williams is even on the team by late July when the Dolphins are
scheduled to begin training camp.

The $3.7 million figure would be far too much for the Dolphins to
handle under the salary cap this season and could force the team to
cut Williams. The $540,000 figure would be easy for the Dolphins to
deal with.

Agent Leigh Steinberg declined to discuss the matter other than to
say, ``I don't see Ricky playing for that [$540,000] figure.''

At least five attorneys with a background in contract law have read
Williams' contract, which was renegotiated with the Dolphins in
September 2002.

Two attorneys believe Williams has a right to a $3.7 million salary.
Two believe he should be making $540,000. The remaining attorney said
the matter was worthy of a good debate in front of an arbitrator, if
it comes to that.

''There are clauses in the contract that are pretty strongly worded in
the team's favor, but you have a pretty good question about whether
he's still in breach of the contract once he returns to the team,''
the undecided attorney said.


What part did the Saints play in paying him before he was traded to Miami. Signing bonus wise does any of you know?
 

Schleprock

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sooooo 2 days ago.
 

JJT

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finsfan99 said:
http://www.miami.com/mld/miamiherald/sports/football/11784170.htm
Herald.com article by Jason Cole 6/1/05

There could be one hiccup in Ricky Williams' return to the Dolphins,
and it has nothing to do with drug use.

In fact, the NFL might be willing to cut Williams a small break in his
return to the game based on his willingness to be tested again earlier
than required under the league's substance abuse policy.

But a more vexing issue for the Dolphins could be a debate over
whether Williams is due to make a $3.7 million base salary next season
or the league minimum of $540,000 based on the language in the
contract. The difference could have a huge impact over whether
Williams is even on the team by late July when the Dolphins are
scheduled to begin training camp.

The $3.7 million figure would be far too much for the Dolphins to
handle under the salary cap this season and could force the team to
cut Williams. The $540,000 figure would be easy for the Dolphins to
deal with.

Agent Leigh Steinberg declined to discuss the matter other than to
say, ``I don't see Ricky playing for that [$540,000] figure.''

At least five attorneys with a background in contract law have read
Williams' contract, which was renegotiated with the Dolphins in
September 2002.

Two attorneys believe Williams has a right to a $3.7 million salary.
Two believe he should be making $540,000. The remaining attorney said
the matter was worthy of a good debate in front of an arbitrator, if
it comes to that.

''There are clauses in the contract that are pretty strongly worded in
the team's favor, but you have a pretty good question about whether
he's still in breach of the contract once he returns to the team,''
the undecided attorney said.


What part did the Saints play in paying him before he was traded to Miami. Signing bonus wise does any of you know?
The only poeple worried about this situation are the media and all of the Ricky haters out there. Negative ignorant individuals are all blowing this thing up just to try and start sh*t because thats what they do. They will compromise and ricky will probably make around 1.5 mill. for the season, rush for around 1100 yards and 8 TDs in 12 games, we will have the scariest RB combo in the NFL and we will all live happily ever after having at least made it back to the playoffs at 11-5.;)
 

Merman

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finsfan99 said:
What part did the Saints play in paying him before he was traded to Miami. Signing bonus wise does any of you know?

$8.840 million signing bonus paid in 1999, as part of an 8 year contract that paid him the minimum every year plus incentives.

The incentives were not readily achievable and the Saints included the now infamous Ricky Williams clause.

If you do any signing bonus computation remember that the maximum proration is for 7 years. It is not 8.840 / 8years *3 = $3.315

It should be 8.840 / 7years *2 = $2.526

1999 Draft Picks CBS Sportsline
http://www.sportsline.com/u/ce/feature/0,1518,1218669_59,00.html
RB Ricky Williams (No. 1/New Orleans)
Signing bonus: $8,840,000. Salaries: $175,000 (1999); $250,000 (2000); $325,000 (2001); $350,000 (2002); $375,000 (2003); $400,000 (2004); $400,000 (2005); $3,500,000 (2006, club has option). Total: eight years, $14,615,000. Note: Contract includes annual bonuses of $1 million for 1,600 rushing yards, $1.5 million for 1,800 rushing yards, $2 million for 2,000 rushing yards, $2.5 million for 2,100 rushing yards and $2 million if Williams breaks the NFL single season record. There also are 26 "target" areas each year with with bonuses of $50,000 each. Total contract value can reach $68 million if all incentives are achieved.
 
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