Monday, December 1, 2008

How much money is Plax out? Lots and Lots


In his Monday Morning Quarterback piece, SI.com's Peter King breaks down how much money dumbass of the year nominee Plaxico Burress may have cost himself by shooting himself in the leg and other idiotic things he has done since he signed his new contract.

The numbers from King:

The first big test of this contract will come on Dec. 10, when Burress is due $1 million from the original and only guaranteed money in the deal, the third installment of a $4.325-million signing bonus when he signed. Let me break down all of the non-guaranteed money in the Burress deal that makes it absolutely simple for the Giants to cut the cord with him after the season:
• Non-guaranteed base salaries: $11.5 million ($1 million in 2009, $3.5 million in 2010, $3.5 million in 2011, $3.5 million in 2012).
• Non-guaranteed one-time bonus to be paid early in the '09 off-season: $2 million.
• Non-guaranteed roster bonuses: $3.5 million ($500,000 in '09, $1 million in 2010, $1 million in 2011, $1 million in 2012).
• Non-guaranteed escalators, payable only on high performance: $5 million ($1.25 million in '09, '10, '11, '12.) He has not reached his escalators yet that would kick in for 2009.
• Non-guaranteed workout bonuses: $1.3 million ($325,000 in '09, '10, '11, '12).
Burress also has a clause in his contract that could come into play and cost him $400,000 this year. For every game he's ineligible to play in because of non-injury reasons, he doesn't earn a $100,000 per game roster bonus.


The most important words in all that: non-guaranteed. If the Giants can cut or trade Burress after the season, they simply eliminate $23 million of the $27-million-in-new-money deal he signed with the Giants. That's not something Plax's agent Drew Rosenhaus wants his new clients to know. I can hear the conversation now;

Client: "Why did you get Plax such a crappy deal?"

Rosenhaus: "Next question"

Client: "How come he lost so much money? "

Rosenhaus: "Next question"

Client: "Why did I want to hire you?"

Rosenhaus: "Duh...Because I'm Drew Rosenhaus."

3 comments:

Anonymous said...

plax
plax
plax
plax
plax

he's the NEW RAINMAN

LMAO!

Mind of MadMan said...

Remember when Ray Lewis slamed Plxiglass calling him out as a problem child? Now when a murdering felon calls you out you have issues.

CowboyJoe said...

Like OJ, RayRay is an aquitted murdering felon