Breaking down Laveranues Coles' 2009 contract
by Josh Kirkendall on Mar 10, 2009 12:40 PM EDT
in Contracts
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PrintOn Monday, we broke down Laveranues Coles' base salary.
2009 - $1.9 million
2010 - $4.65 million
2011 - $6.4 million
2012 - $6.4 million
We learned a bit later, that Coles would receive $9.75 million in guarantees for 2009. How is that broken down?
Signing Bonus - $3 million
Roster Bonus - $4.7 million
Base Pay - $1.9 million
Workout bonus - $100,000
He will earn a $100,000 workout bonus for each season he's under the existing contract. However, it would seem that a majority of the guarantees that Coles received, is for this season only. If that's the case, then the cap hit is significantly reduced after this year if the Bengals decide to part ways with Coles, essentially making this deal a one-year deal with three option seasons. Hey, it's another way of looking at it.
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I still like the deal, if a little too much
If there’s little in the way of FAs we want now, why not front load it, gives more leeway in the future.
I still think it’s better, financially, than the deal that would have been done with Housh.
by TheWalrus1971 on Mar 11, 2009 10:04 AM EDT up reply actions
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