UPDATE II: Interesting details are trickling in on the Sheppard contract. It's a complex, but clever deal by GM Mike Tannenbaum that protects the Jets if Sheppard is a bust. Some tidbits: ? Technically, there's no guaranteed money in the contract. Sheppard will make $3 million this season, the same he would've made with the Eagles. ? In March, 2010, there's a $10 million option bonus. If the Jets decide to pay it, a new four-year, $27.2 million kicks in. ? If Sheppard is injured and misses considerable time, the Jets can get out of the deal after one year and they wouldn't owe the Eagles a draft pick in 2010. If that's the case, all it would've cost them is a fifth-round pick in the '09 draft. One person familiar with the deal said it could amount to a "one-year test drive" for the Jets. ? The conditional pick in '10 can rise to a second-rounder, but only if he hits an 85% playing-time plateau AND receives the four-year extension. And if that does happen, the Jets would get a fifth-rounder back from the Eagles. ? If Sheppard makes 85%, but doesn't receive the extension, the Jets would owe a third-rounder to the Eagles and would recoup a fifth rounder. ? Obviously, there are a number of different scenarios, and I won't bore you with them, but this is the essence of the trade. Bottom line: If Sheppard stinks, it'll be a one-year deal for $3 million and would cost them a fifth-round pick. If he becomes a full-time starter, the Jets probably will have to give up a second- or third-rounder in addition to this year's fifth and they'll have to pay him roughly what this year's top cornerback free agents (the Colts' Kelvin Hayden and the Ravens' Domonique Foxworth) received on their just-signed deals. as per SI.com.
If he played well they'd consider paying it or restructuring the deal...it'd be worth it he has a lot of potential
its a good deal.Though i think we still are going to grab a Defensive Back in the first round. so if the jets are smart they can platoon him with the draftee and save their 2010 picks.
To answer your question it does not. I wanted to post the actual number's in Lito Sheppard's new contract. The Jets gave him a four-year, $27.2 million extension that kicks in for 2010. He'll receive a $10 million bonus in March, 2010. For 2009, his contract will remain the same -- a $3 million base salary. This is a huge deal, basically $30 million over five years. For that much money, he'd better revert to his Pro Bowl form. Free-agent S Jim Leonhard arrived around 5 p.m. Saturday in Florham Park, N.J. There's a good chance he'll sign Sunday. as per SI.com
I don't know if he's the shit just yet, I'd put him somewhere in the lower small intestine to large intestinal region. First off, we basically traded a draft pick for a cheap 1 year rental on a starting (hopefully) CB. While 3 million will be a steal if he plays to even 3/4 of his potential, saving a few million dollars doesn't win championships...building through the draft does. But not only will good play on Sheppard's part prove our superior thrift, it will also escalate that loss of a depth player draft pick (5th), to a loss of a potential starter draft pick (3rd). Secondly, assuming he does well, we are then faced with a Moore situation all over again, but rest assured that he won't be coming back to us a week later with his tail between his legs should we choose to outright cut him. This means that we either eat the 10 mil bonus and have our loss escalated to a 2nd rounder, or we cut him and end up having paid potentially a 3rd rounder for a 1 year rental <-that's bad teambuilding. All this is predicated on him playing well. If he sucks, then the whole deal will have been suck anyway.
^If he sucks, we stop playing him and all we lost is a 5th rounder....if he plays well have a starting CB for 5+ years (he's pretty young). I'd gladly trade a second round pick for a player who's gonna be a solid performer for years to come
exactly plus, unlike all the other FA pick ups we didnt pay crazy money like other teams for high profile players, one can argue that he was benched, but Lito is a Pro Bowl caliber CB. With Tannenbaum restructuring Lito's contract we clearly save cap room, and have more incentives with club options and put it on the player, basically saying: If you do good we pay you, if you do bad, get the fuck out. Thats Rex Ryan in the board room.
I'm fine with this. He's only 27, if he plays top notch football I'm willing to give up a 2nd rounder for the answer at corner opposite Revis.
Its not a roster bonus like ty laws was a few years back Its an option bonus...spreads out 10 mil over remainder of contract Not a one year deal unless he tanks
Another type of bonus is a "roster bonus." This money is typically due sometime in March or April, and the team must either pay it or cut the player. If the money is paid, it counts against the cap in that year. However, the team may "guarantee" the signing bonus just before paying it. If the bonus is garanteed, then it counts as if it were paid in equal installments for each of the remaining years in the contract. For example, if a player has three years left in his contract and is due a $300k guaranted roster bonus, then that money counts against the cap $100k per year for the remaining three years. http://football.calsci.com/SalaryCap2.html
You're right. I thought it was a roster bonus. In any event it still won't get paid because then they would have to give up that second round pick to Philadelphia so it's really moot. The deal as it stands now will be reworked. Of course if he doesn't play 85% of the time that pick to Philly would not kick in anyway but if he doesn't play then the Jets still wouldn't want to give him that new deal.
so wait, if he doesn't play 85% of the snaps, we owe nothing? so say he misses 2 games (14/16 = 87.5%) and is out for the 4th quarter in a couple of blow-outs either way. that puts it at 84%. he could play REALLY well and if he just misses 2.5 games, we're golden. wow.
You had to think MT would protect us. He seems to put together some pretty good contacts for our side. The only fuck up i see on his resume is the Vilma trade. Should have protected us against what happened. Live and learn.
Tannenbaum never gets credit for clever contracts and things of that nature. This guy is a solid GM and quickly establishing himself as one of the best in the game. He's a breath of fresh air over Bradway, and a huge upgrade over the GM's of my two other favorite teams- Omar Minaya and Glen Sather.
